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UK Pay TV company BSkyB has just announced, via an SEC filing, it has made a follow-up $1.9m equity investment in TV-streaming platform Roku, almost a year after it joined a consortium of investors in a €40m round which included News Corporation, British Sky Broadcasting (BSkyB), Menlo Ventures and Globespan Capital Partners.
Roku, based in Saratoga, California, is an American, privately held, consumer electronics company that sells home digital media products. The company manufactures a variety of digital media receivers that allow customers to access internet streamed video or audio services through televisions. This includes subscription-based services as well as services that are available through the receiver free of charge.
On March 5, 2013, Roku announced the release of their updated media player, Roku 3, with a CPU that's five times faster than the Roku 2 XS, and a Wi-Fi Direct remote in place of Bluetooth. The Roku 3 remote includes a headphone jack (with headphones provided) for a private listening mode. Other devices include Roku SoundBridge, a network music player, SoundBridge Radio, a network music player with built-in speakers and subwoofer, AM‑FM receiver, volume-ramping alarm clock, preset buttons, SD slot and headphone jack and PhotoBridge HD1000, a system for displaying images on a high-definition television, as well as streaming MPEG video.