We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Roku Shares Surge Nearly 20% After Signing YouTube Deal
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Roku Shares Surge Nearly 20% After Signing YouTube Deal
The Tycoon Herald > Business > Roku Shares Surge Nearly 20% After Signing YouTube Deal
BusinessEntertainmentMoney

Roku Shares Surge Nearly 20% After Signing YouTube Deal

Tycoon Herald
By Tycoon Herald 4 Min Read
Share
SHARE

Topline

Shares of Roku jumped nearly 20% on Wednesday after the company announced that it had reached a new long-term deal with Google to keep YouTube on its streaming platform–avoiding a looming deadline and ending months of messy negotiations.

Contents
ToplineKey FactsCrucial Quote:Key Background:Big Number: $5.3 BillionFurther Reading:

The new deal is a big win for Roku, ending months of tense negotiations.

Jenny Kane/ASSOCIATED PRESS

Key Facts

Video streaming service Roku announced Wednesday that it had reached a new multiyear deal with Google to keep YouTube and YouTube TV on its platform, though neither company disclosed details of the agreement.

Roku’s stock was up over 18% to around $257 per share as investors cheered the good news, though shares are still down overall in 2021. 

The new agreement avoids a potential YouTube blackout—with the previous deal set to expire this month—and allows Roku’s more than 56 million active customers to continue to watch Google’s service without any disruption. 

The latest development is a big win for Roku after months of sparring with Google: The company warned repeatedly earlier this year that an agreement may not be reached, with Google taking its YouTubeTV app off the platform for over five months amid tense negotiations.

What’s more, Roku alleged that Google was making anti-competitive demands—a fact that Google publicly denied, and the conflict even drew attention from Congress in October. 

Losing YouTube and YouTube TV would have been a blow for Roku as it looks to retain customers going into the holiday season, with rivals like Apple and Amazon both carrying YouTube on their respective streaming platforms.

Crucial Quote:

“Effective today, we have agreed to a multi-year extension with Google for YouTube and YouTube TV,” Roku said in a statement. “This agreement represents a positive development for our shared customers, making both YouTube and YouTube TV available for all streamers on the Roku platform.”

Key Background:

With competition between streaming platforms more intense than ever, the long-term nature of the deal with Google presents big upside for Roku. The company had originally gotten a big boost from stay-at-home customers during pandemic lockdowns last year. Roku’s stock went on a tear in 2020 as the market rebounded from a low point in March, with shares rising more than 100%. This year has been a different story, however: Pandemic-favorite stocks have recently struggled amid the ongoing economic recovery as investors turn their attention to travel-related stocks like cruises and airlines. Roku shares are down 19% so far in 2021.

Big Number: $5.3 Billion

That’s how much Roku founder and CEO Anthony Wood is worth, according to Forbes’ estimates. His fortune is down from nearly $7 billion a year ago.

Further Reading:

Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021 (Forbes)

You Might Also Like

Ghislaine Maxwell Breaks a Sweat Exercising at Florida Jail, on Digital camera

Nicki Minaj Roasts SZA’s Singing Abilities — And Receives Aggressive Clap Again

Cops Make Arrest in Taking pictures Loss of life of ‘American Idol’ Music Supervisor Robin Kaye

Jeff Bezos and Lauren Sanchez Again on U.S. Soil After Venice Marriage ceremony

‘Large Brother’ Contestant Caught Utilizing Offensive Slur on Stay Feed

TAGGED:EntertainmentThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Ghislaine Maxwell Breaks a Sweat Exercising at Florida Jail, on Digital camera
Entertainment

Ghislaine Maxwell Breaks a Sweat Exercising at Florida Jail, on Digital camera

Ghislaine Maxwell in Jail Life within the Quick Ghis-laine ... No Visitors on Train Monitor Printed July 15, 2025 3:36 PM PDT As President Trump's administration faces an entire brouhaha…

By Tycoon Herald 3 Min Read
Chipmaking provider ASML says Trump tariff influence ‘less negative’ than anticipated
July 16, 2025
Los Angeles Olympics 2028: Dates confirmed for cricket’s return with Flag soccer to take centre stage
July 16, 2025
Nicki Minaj Roasts SZA’s Singing Abilities — And Receives Aggressive Clap Again
July 16, 2025
Tariff inflation arrives
July 16, 2025

You Might Also Like

Rapper Troy Ave Will get in Shootout, Saves Pal Chef Geoff Cole From Gunman
Entertainment

Rapper Troy Ave Will get in Shootout, Saves Pal Chef Geoff Cole From Gunman

By Tycoon Herald 2 Min Read
Alleged Minnesota Lawmaker Shooter Claimed Tim Walz Instructed Him to Kill 2 Senators
Entertainment

Alleged Minnesota Lawmaker Shooter Claimed Tim Walz Instructed Him to Kill 2 Senators

By Tycoon Herald 2 Min Read
Guess the Horny Star Showin’ Out in Her Polka Dot Bikini!
Entertainment

Guess the Horny Star Showin’ Out in Her Polka Dot Bikini!

By Tycoon Herald 1 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Leadership

Did Harvard Just Signal The End Of The Testing Era It Started

In the 1920s, Harvard’s adoption of the SAT for admission energized a budding standardized admissions testing…

By Tycoon Herald
Economy

Shares fall after Donald Trump confirms tariffs will go forward

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?