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Anthony Wood

CEO Wood: Content Subscriptions More Important to Roku's Business Plan than Hardware Sales

Submitted by tracyswedlow on January 28, 2010 - 12:47am
in

--Roku Claims to Have Sold 500k+ Units, Plans to Raise $30 Mil this Quarter, May Go Public Next Year
--48% of Netflix Subscribers Now Accessing its Content OTT

In an interview with Bloomberg News that was published Wednesday, Anthony Wood, CEO of over-the-top company, Roku, revealed that the company hopes to raise $30 million in private funding this quarter from Menlo Ventures and other sources, and that it may go public next year--though he added that it is not currently working with an investment bank and has yet to set a date for an IPO.



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