Roku Reaches Multi-Year Extension of Agreement with Amazon

Rhea-AI Summary

Roku, Inc. has confirmed a multi-year extension of its distribution agreement with Amazon, allowing continued access to Prime Video and IMDb TV apps on Roku devices. Specific terms of the agreement have not been disclosed.

This deal solidifies Roku's position in the streaming market, maintaining critical partnerships with major content providers. Such agreements can enhance user experience and drive engagement on the Roku platform, potentially influencing future revenue growth.

Positive

• Multi-year extension of the distribution agreement with Amazon, ensuring continued access to Prime Video and IMDb TV apps.
• Strengthens Roku's positioning within the competitive streaming market.

Negative

• None.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Roku, Inc. (Nasdaq: ROKU) issued the following statement today confirming that it has reached a multi-year extension of its distribution agreement with Amazon:

“Roku and Amazon have reached a multi-year extension for their distribution agreement. Customers can continue to access the Prime Video and IMDb TV apps on their Roku devices.”

Terms of the agreement were not disclosed.

About Roku, Inc.

Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands. Roku is headquartered in San Jose, Calif. U.S.A.

This press release contains “forward-looking” statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to those related to the benefits and availability of Amazon channels on the Roku platform and the distribution agreement between Roku and Amazon. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Roku, Inc. files with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2021. Copies of reports filed with the SEC are posted on Roku’s website and are available from Roku without charge.

Roku is a registered trademark and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries. Trade names, trademarks and service marks of other companies appearing in this press release are the property of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220404005374/en/

Roku media contacts

Kelli Raftery

kraftery@roku.com

Stephanie Tackach

stackach@roku.com

Source: Roku, Inc.

FAQ

What is the recent agreement between Roku and Amazon?

Roku has confirmed a multi-year extension of its distribution agreement with Amazon, allowing users to access Prime Video and IMDb TV on Roku devices.

How does the Roku and Amazon agreement affect users?

The agreement ensures that users can continue enjoying Prime Video and IMDb TV content on their Roku devices without interruption.

What are the implications of Roku's extension with Amazon?

The extension solidifies Roku's partnership with a major content provider, potentially enhancing user engagement and driving future revenue growth.

When was the Roku and Amazon agreement announced?

The agreement was announced in a press release from Roku, confirming the multi-year extension.

Are the terms of the Roku and Amazon agreement disclosed?

No, the specific terms of the distribution agreement between Roku and Amazon have not been disclosed.