Roku Inc. is a leading American technology company specializing in digital media streaming and television solutions. The company was founded in October 2002 by Anthony Wood, who is also known for inventing the DVR (Digital Video Recorder). Originally, Roku started as a project within Wood's company, ReplayTV, but later became its own independent entity.
Roku's primary business revolves around the development and manufacturing of streaming media players and smart TVs. These devices allow users to access a wide range of streaming services, including popular platforms like Netflix, Hulu, Amazon Prime Video, and many others. The company's devices also support free and paid channels, providing users with a comprehensive selection of entertainment options.
In addition to its hardware offerings, Roku operates a platform called the Roku Channel Store. This platform allows content providers to distribute their streaming services on Roku's devices, expanding their reach to a larger audience. Roku generates revenue through device sales, licensing fees from content providers, and advertising on its platform.
Over the years, Roku has gained popularity for its user-friendly interface and extensive content library, positioning itself as a leading player in the streaming industry. As of my last knowledge update in September 2021, Roku continues to enjoy strong growth, and its devices and services are widely used by consumers across the United States and in several international markets. The company's commitment to constant innovation and expanding its content ecosystem has contributed to its success in a highly competitive market.