November 17, 2021
Business

M&A Wave Is Reshaping Media Business, But Streaming Boom Is “Awesome For Roku And Consumers”, CEO Anthony Wood Says – Deadline

Roku founder and CEO Anthony Wood said the boom in streaming, even though it has prompted waves of consolidation, has been “awesome for Roku and for consumers.”

Wood made the remarks at Tribeca X, a half-day conference spanning tech, advertising and media held at the Tribeca Festival. Like the rest of the fest, it was an in-person affair, held on the roof of Spring Studios.

Asked about Amazon’s acquisition of MGM, Wood said the broader motivation of media and tech companies to boost their streaming efforts has been a net positive. “There’s so much selection now to choose from, there are so many new shows,” he said. “A lot of people thought, ‘There are too many subscription services.’ But we’re finding that people are signing up for multiple services and paying less than their cable bundle. They’re getting a tremendous amount of content.”

Read full article here: deadline.com