$ROKU Adds $AAPL Music Store To Listings


1) #PeregrineWatchlist

$ROKU added $AAPL Music app available to its lineup today. Up +11.01% on the news:

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6) $ROKU

“Roku last fall announced plans to develop more than 50 original shows over the next two years for its Roku Channel, which is ad-supported.”

WSJ headline: Roku and Apollo Global Team Up to Bid for Stake in Cable Channel Starz
Subheadline: Lions Gate Entertainment said in November it would explore a sale or spin-off of Starz, the network behind ‘Outlander’ and ‘Power’

Roku Inc. has teamed with private-equity firm Apollo Global Management Inc. to bid for a minority stake in the pay-TV and streaming service Starz, which is known for series like “Outlander” and “Power,” according to people familiar with the situation.

In November, movie and television production company Lions Gate said it was considering selling or spinning off Starz. Lions Gate acquired Starz for $4.4 billion in 2016, but has struggled to fulfill the promise of the deal, with the combined company now valued at around $3 billion.

Roku, known for its set-top boxes that power streaming apps, has been stepping up investments in original programming. Lions Gate and Roku recently announced a deal that would see the studio’s films run exclusively on the free, ad-supported Roku Channel, after being aired on Starz.