Roku, looking to rein in spending, is making its third round of layoffs within a year — pink-slipping more than 300 staffers — and will pull “select” content from its TV streaming platform.
According to Roku’s 8-K filing, it will take a charge estimated to be $55 million-$65 million related to “removing select existing licensed and produced content from company-operated services on its TV streaming platform.” Roku said it does not expect any “material cash expenditures” in connection with the content-impairment charge.
What content is getting the axe? A Roku rep tells Variety the company is not disclosing which titles will be removed from the Roku Channel
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