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Submission + - Netflix Spinoff Roku Seeks Funds for 100 Channels (bloomberg.com)

PhreakOfTime writes: Roku Inc., the television set-top box maker spun off by Netflix Inc., is planning to raise $30 million in private funding for development of its Internet-TV service. “We’re not far away from the time when you’ll be able to get the same kinds of channels that any cable operator can offer,” says CEO Anthony Wood. The company is also devising revenue-sharing agreements for developers who can sell subscriptions on the service or charge per product like Amazon.com.

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