Funds earmarked for increased production, Roku marketing
Roku has secured funding from BSkyB and News Corp. A third partner that declined to be named, along with previous investors Menlo Ventures and Globespan Capital Partners, join the funding round and bring the strategic investment total to $45 million. Roku has already earmarked most of the new capital for specific purposes, with generous portions going toward advertising, expanding into new international markets, and increasing manufacturing for existing product lines.
BSkyB tries Internet TV to catch other viewers
Satellite TV provider BSkyB threw itself into contention with Internet video providers on Wednesday through its own pure Internet TV service. Called Now TV, it will supply on-demand movies, sports, and other forms of entertainment both to computers as well as game systems, smartphones, and tablets. The aim was to catch the 13 million UK residents who didn't have traditional paid TV, CEO Jeremy Darroch said at The Guardian's Changing Media Summit.
Good news for BSkyB, deadline extended to July
UK satellite TV service BSkyB was given a reprieve as the Competition Commission pushed back its deadline on ruling that BSkyB's deals with six major Hollywood studios were uncompetitive, according to The Guardian. The government watchdog extended the date of its final ruling to July because it has added Netflix and LoveFilm to its investigation. Netflix launched in the UK and Ireland in January, while LoveFilm recently added a streaming service to its rent-by-mail service.
UK plans nationwide 2Mbps Internet in four years
The UK is taking action this week on its promises of high-speed Internet access for the whole country by detailing plans to shift resources to its Internet plans. Culture secretary Jeremy Hunt will be moving £530 million ($864 million) previously devoted to the BBC to get the promised 2Mbps Internet access to all 25 million homes in the country within the next four years. About 90 percent of those would get over 24Mbps.