Roku is reportedly in talks to buy Quibi's content catalogue
Monday, January 4, 2021 at 12:28PM Short-form streaming site Quibi met its quick demise in 2020. But it doesn't mean its content might be lost forever. The Wall Street Journal reports that Roku is in discussions with Quibi to buy its content library. Roku is known for its streaming devices that stream content from your library or third-party services like Netflix. But it doesn't make its own media. If this acquisition pushes through, Roku will acquire a slate of original programming that it can offer to consumers looking to buy its hardware. There are no details on Quibi's potential selling price.
Quibi launched earlier in 2020 and was shut down just after six months. It was founded by former Disney chairman Jeffrey Katzenberg and headed by HP's ex-CEO Meg Whitman. The company managed to raise US$2 billion before it launched.
Source: Engadget