Roku TV will begin selling its assets, including KakiTV, to Vivo, the streaming TV company announced on Monday.
KakiTV and Vivo will combine to form a new company called Vivo TV, which will focus on premium channels and video apps.
Roku will also begin selling some of its existing properties, including its own Vivo channels and apps, to create a new tier of content called “Vivo” for TV streaming services like Roku.
Roku has long been one of the biggest players in the TV streaming space, which now includes over 100 streaming devices, including Roku, Apple TV, Amazon Fire TV, and Amazon Fire tablet.
The company recently acquired the streaming service that launched with the original Roku, RokuOS.
Roku has struggled to grow its business as it struggled to compete with Amazon’s Fire TV and the other streaming devices that have taken off in the last year or two.
Roku also faced a significant amount of competition in its existing TV content.
Roku announced last year that it was planning to sell off its entire library of Roku channels.
The move, announced at the time, was a major blow to Roku’s efforts to compete.
Roku said in a blog post that it plans to launch a new channel in 2018 that will “include more channels from the Roku ecosystem that will provide users with new content, and more than 150 million hours of video content that is unmatched by any other TV service in the world.”