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variety.com

15.02.2024 / 22:41

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Roku Beats Q4 Sales Estimates and Tops 80 Million Active Accounts, Stock Drops on ‘Challenging’ Media and Entertainment Outlook for 2024

Todd Spangler NY Digital Editor Roku revenue came in above Wall Street forecasts for the fourth quarter of 2023 — and it touted new milestones of more than 80 million active accounts globally as of the end of last year and more than 100 billion hours streamed in 2023. But shares of the streaming platform and connected-TV ad provider fell as Roku warned of a “challenging” environment for media and entertainment spending for the rest of 2024.

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Roku Chief Charlie Collier Says ‘We’re Going to Be the Lead-In to Most of Television, If Not All of Television’

Jennifer Maas TV Business Writer Just over a year into his tenure at the top of Roku Media, president Charlie Collier sees his service, “the number one TV operating system in America,” as the streaming industry equivalent to a hit primetime series airing ahead of your new show on broadcast TV. “We host the experience of television,” Collier told Variety co-editor-in-chief Cynthia Littleton at Variety‘s Entertainment Summit at CES in Las Vegas Wednesday.

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Steve Huffman, Albert Cheng, Rita Ferro to Join Variety Entertainment Summit at CES

William Earl The Variety Entertainment Summit returns to CES on Jan. 10 at the Aria featuring a day of panels and keynote conversations.

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Roku Ad Chief Alison Levin Joining NBCUniversal In Sales Shake-Up

NBCUniversal is shaking up its ad sales division with the hire of a newly promoted Roku executive.

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Roku Media Reorg: Alison Levin Upped to Head of Global Revenue, Content Chief David Eilenberg Adds Brand Studio Oversight (EXCLUSIVE)

Jennifer Maas TV Business Writer As he approaches his one-year anniversary as president of Roku Media, Charlie Collier is setting his first restructuring of the company’s leadership team, including naming Alison Levin head of global media revenue, upping Kristina Shepard to vice president of global advertising sales and partnerships, giving head of content David Eilenberg oversight of Roku’s Brand Studio segment and formally naming Joe Franzetta head of sports. Levin and Eilenberg will continue to report directly to Collier, while Shepard is under Levin and Franzetta is under Eilenberg.

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Roku To Lay Off 10% Of Staff & Launch “Strategic Review Of Content Portfolio”

Roku is laying off around 10% of staff as it “performs a strategic review of [its] content portfolio.”

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Roku’s Charlie Collier Recalls Frothy Late Summer 2022 Of Rings & Dragons: “You’re Not Going To See Anything Like That This Year”

Roku executives spent some time today talking about M&E and the company’s Media & Entertainment advertising business that they expect to take a hit in the second half of the year as Hollywood strikes disrupt the television calendar.

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Piers Morgan Added To RTS Cambridge Lineup; Venice VR Lineup; Deauville To Fete Schatzberg; Banijay Italia Partnership; Grierson Shortlist – Global Briefs

Piers Morgan Added To RTS Cambridge Lineup

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‘9-1-1’: Fox Execs On When & Why Decision To End Series Was Made & Future Crossovers With ‘Lone Star’

In one of the biggest twists of the 2023 upfront, Fox opted not to renew its highest rated scripted series, 9-1-1. The drama, produced by 20th Television, was instead picked up for a seventh season by 20th TV sibling ABC.

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In First NewFronts Pitch Since His Jump From Fox, Roku Media President Charlie Collier Welcomes Brands To The Stream

Charlie Collier, who segued last fall from lengthy exec stints at Fox Corp. and AMC Networks to a top post at Roku, took the stage at his first NewFronts pitch Tuesday to invite advertisers to bring their messages to the stream.

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Charlie Collier Jumped From TV to Roku. He Hopes Advertisers Will Do the Same

Brian Steinberg Senior TV Editor After an enviable career working for traditional TV outlets, Charlie Collier surprised many a media executive late last year by leaving a senior job running entertainment programming for the Fox broadcast network to join Roku, the company that gives millions of Americans their access to the world of streaming. He hopes advertisers will follow. On Tuesday, Collier, 53, now heading Roku’s ad sales and development of content on its own platforms, will be pressed to show potential sponsors why. Roku, which boasts 71.6 million active accounts, will make a big pitch to Madison Avenue as part of a group of industry “newfront” sessions. Even though NBCUniversal, Disney and their rivals won’t make similar outreach until May, presentations this week from digital players such as Amazon and Roku are seen as an aggressive bid to win ad dollars that might previously have gone to the TV companies. After all, the networks, one secure in their ability to deliver media’s biggest audience, are losing viewers to streaming, and Roku is one of the biggest facilitators of that activity.

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Charlie Collier’s Pay Tops $53 Million At Roku In 2022

Charlie Collier, who took over as President of Roku Media in late October, had a pay package that topped $53 million in the last three months of 2022.

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Charlie Collier’s Pay Package at Roku Topped $53 Million in 2022

Todd Spangler NY Digital Editor Charlie Collier, who joined Roku last fall as president of its newly created media division, had a compensation package worth $53.3 million last year — more than twice as much as his boss, CEO Anthony Wood, took home. Collier left his post as CEO of Fox Entertainment to head up Roku Media, where he now oversees content and ad sales for the Roku Channel. Roku’s recruitment of the high-profile TV exec — who brought such hits as “Mad Men,” “Breaking Bad” and “The Walking Dead” to AMC — signaled that the company plans to spend more on original content. That said, Roku has been taking steps to cut costs, including laying off about 400 employees, after its revenue growth slowed dramatically in the last two quarters.

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Roku City Aims to Annex Times Square in Bid to Woo Ad Dollars

Brian Steinberg Senior TV Editor Roku City wants to colonize Times Square. The purple-hued metropolis, the backdrop of the popular screen-saver Roku introduced in 2017, is invading New York City’s so-called “Crossroads of the World” in a bid to make the streaming platform more top of mind in the Big Apple just as the advertising world gets ready to hear pitches from a variety of new-tech video players. Roku wants to remind both consumers and advertisers about its relevance in the weeks leading up to the NewFronts, a set of annual presentations by digital-media outlets to advertisers. In 2023, streaming has gained new scale and Madison Avenue is looking for ways to weave commercials into the consumers’ broadband experience. Digital advertising is projected to grow 9% in 2023, according to Interpublic Group’s Magna, compared with a decline of 4% for linear advertising formats.

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Roku Promotes Originals Execs Lydia Antonini & Olivia LaRoche As Brian Tannenbaum’s Elevation Confirmed

EXCLUSIVE: Roku is promoting a number of execs in its originals team following a shakeup last week.

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Charlie Collier: Last News

Roku Scores Exclusive MLB Sunday Games Package, Streaming for Free in U.S. and Elsewhere

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