Roku has announced at CES that they are entering the TV market. Now you’re likely wondering what I am talking about as Roku has partnered for years with companies like TCL, Sharp, and RCA among others to bring Roku powered TVs to market. Valid point. Let me clarify. Roku has announced that they are going to make their own TVs that are independent from their partners:
Building on Roku’s TV streaming leadership and decades of experience, as well as its successful Roku TV program, the new Roku-branded TVs combine the company’s award-winning operating system with its deep expertise in TV hardware, offering more choice and innovation to both consumers and Roku TV partners.
Available in 11 models ranging from 24” to 75”, the new Roku Select and Plus Series TVs will focus on the features that streamers have come to love. All HD offerings will include Roku Voice Remotes, while all Plus Series TVs will come with Roku Voice Remote Pros. Roku-branded TVs will offer an expanded audio ecosystem, using the all-new Roku TV Wireless Soundbar, to make consumers’ home theater set-up simple and wire-free. Additionally, all Roku-branded TV models will continue to offer fan favorite features including Find My Remote, Private Listening, and access to great content like live TV and sports.
This will be interesting because if I am Sharp, TCL or RCA or any of Roku’s partners, I’d be wondering if Roku is ditching them to make more money. And if they should ditch Roku for Google. I guess that’s why Roku tossed this into the same press release:
In addition, today Roku is announcing a premium OLED TV reference design, now available to Roku TV partners.
Maybe that’s an attempt to keep their partners from rage quitting on Roku. Regardless, like I said earlier, this will be interesting to watch. These new Roku TVs are coming in the springtime in the US at a cost of $119 to $999 for the full lineup of 24” – 75” models.
More Than Half of Canadian TV Streamers Now Stream Ad-Supported TV: Roku Study
Posted in Commentary with tags Roku on January 19, 2023 by itnerdToday, Roku revealed the results of its third annual Video-on-Demand (VOD) Evolution study, examining Canadian TV streaming behaviours and trends. According to the study, three quarters (76 per cent) of Canadians are TV streamers, and ad-supported TV is on the rise with over half (52 per cent) tuning in.
The current macro-economic situation seems to have had an impact on Canadian TV households, with 18 per cent planning to cancel or downgrade their cable/satellite package in the next 12 months, and 47 per cent of respondents looking to make some changes to the selection of TV streaming services they use.
Streaming shifts and the FlexiVOD emergence in Canada
Whether they’re downgrading from paid to free, upgrading from free to paid, or even resubscribing to services, TV streamers are on the move. With more services available than ever before, consumers carefully pick and choose what they pay for. This FlexiVOD trend is likely influenced by the fact that 57 per cent of TV streamers feel they have less disposable income than before.
When it comes to content, live TV is winning popularity, with 49 per cent of Canadians watching live TV such as sports and other key events on demand through TV streaming. This is a significant increase from 30 per cent using VOD services to stream live TV in 2020.
The rise of ad-supported TV: A deeper dive
As ad-supported TV popularity grows, Canadian TV streamers are spending five hours per week with it (an increase of 14 per cent year-over-year, which also includes BVOD). The majority (76 per cent) are also taking measurable actions such as searching for more information, visiting the brand, adding to basket, and more after seeing the ads.
When it comes to consumer preferences for TV advertising, nearly half (48 per cent) of streamers under 35 say they prefer when the tone of a TV ad matches the program in which they see it; and 47 per cent say they’re more likely to pay attention to ads that reflect or are relevant to their mood. Some Canadians are also interested in engaging with ad formats such as QR codes.
Additional insights:
To learn more about the study, and to download the full report, please click here.
About Roku’s VOD Evolution Canada Survey
Roku’s 2023 Video on Demand (VOD) Evolution study examined Canadian TV streaming behaviour and trends. This is Roku’s third study of Canadians’ TV streaming habits, and an update to its research in 2020 and 2021. Like those, this study is based on the results of an online survey of Canadian adults aged 18+ who use the internet and watched TV at least once in the last month. Fuse Insights research commissioned by Roku took place between July and August 2022, with a sample size of 2,001 Canadians nationally representative by age, gender, and geography.
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