Roku Shares Exploded After The Company Announced ESPN+ Offering

Shares of Roku were jumping earlier this month on news that the media streaming device company would be offering access to ESPN+.

Roku saw their shares move up 5% on the news.

The company announced that it will be offering Disney’s new sports video streaming service which offers 10,000 live sporting events in its first year. The channel also offers exclusive programming that will not be available on the network’s linear channels.

Users of Roku will have access to ESPN+ for $4.99 a month or an annual fee of $49.99 a year.

“Roku customers have enjoyed the ESPN channel for years, ” said Scott Rosenberg, the general manager of Roku’s platform business.

“The launch of ESPN+ marks an exciting moment for the OTT sports experience, giving consumers more sports content from their favorite pastimes than ever. Roku customers that subscribe to ESPN+ will enjoy access to more live sports events, original shows and films, exclusive studio programs and ESPN’s unmatched on-demand library,” he continued.

Disclaimer: We have no position in Roku Inc. (NASDAQ: ROKU) and have not been compensated for this article.