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Sky raises Roku bet

BSkyB has invested a further US$ 1.9mn in US firm Roku, a provider of popular media streaming devices, in which it invested US$ 10mn last July.

The funds will be used to provide financing for Roku’s operations and activities. Sky now holds an equity stake in Roku worth US$ 11.9mn.

Roku devices launched in the UK and Ireland last year, streaming more than 300 channels over the Internet as well as on-demand services from Sky, Netflix and the BBC.

Anthony Wood, CEO of Roku, made headlines last November when he told Bloomberg that BSkyB is working with his company to build a new set-top box.

In a press release issued by BSkyB in summer 2012, BSkyB indicated that the equity stake gives it the option to rebrand and distribute versions of Roku’s streaming devices in the future.

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