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This move creates one of Europe’s premier independent studios with presence across 13 Countries, 85 Labels, a catalogue of 30,000 hours of premium content and revenue exceeding €1 Billion.

A research by GlobalData forecasted a compound annual growth rate for the sector.

Roku's gross profit rises by 15% year over year, reaching $388 million. Meanwhile, the number of streaming households for Roku totals 81.6 million, with a net increase of 1.6 million from Q4 2023.

The company presented its Q1 financial results, with a total revenue growth of 7%.

The revenue dropped 24% due to the eOne sale, but excluding that, it decreased 9%, with growth in some segments offset by declines in Consumer Products. Its operating profit of $116.2 million includes eOne-related costs, resulting in a 15.3%. margin. The entertainment revenue fell 85% due to the eOne sale, but excluding that, it grew 65%, driven by "Peppa pig" content.