Pass the dongle... Roku couldn't help but tune us into a sneak-preview of its performance: the streamer expects it added 3M new accounts in the last 3 months to hit a total of 40M. Roku's devices streamed 13.2B hours of content over the period — a 49% rise from last year. We're calling it "The People's Dongle" — its low-priced devices power 44% of all streaming hours in the US.
Coke ICEEs with Red Vine straws... America's largest movie theater chain, AMC, is struggling hard since 100% of its global locations are closed. It's making $0, owes $4.8B in debt, and has furloughed all employees (including the CEO). Now it's raising $500M through a private debt offering to help it survive through Thanksgiving. Doubly lucky: movie theaters are (shockingly) included under "Phase 1" of the new federal guidelines for national reopening — AMC stock has jumped 32% since Thursday, after falling nearly 90% in the previous 12 months.