Get the latest gossip
Roku Acquires Streaming Bundle Service Frndly TV For $185M
Roku is paying $185 million to acquire Frndly TV, a provider of low-cost TV bundles delivered via streaming.
Roku and Frndly TVCourtesy The all-cash deal includes $75 million in holdbacks tied to certain performance targets and milestones over the next two years. In avoiding pricey sports programming, the service positioned itself similarly to Philo TV, which has cracked the 1 million subscriber mark after a longer run in the marketplace. Some initial players like Sony’s PlayStation Vue, AT&T and Dish Network, which planted a flag as “skinny bundles,” have either exited the business or seen their subscriber levels decline markedly in recent years after they were forced to raise prices.
Or read this on Deadline
