Roku announced Friday that it has acquired all of Quibi’s library of content.
- The content will appear on the Roku Channel for free sometime soon in 2021, though there hasn’t been an official date announced yet.
- Roku did not disclose the cost of the purchase.
The Wall Street Journal reported on a rumor that Roku was going to buy Quibi’s content, which includes a number of shows that are 10 minutes or less in length. The content included stars like Anna Kendrick, Liam Hemsworth and Sophie Turner.
The bigger picture
Quibi closed down after about six months of service, as I wrote about for the Deseret News. The company — which came from founder Jeffrey Katzenberg and CEO Meg Whitman — raised $1.75 billion in capital when it first debuted, as I wrote for the Deseret News.
The company looked to restructure in the wake of a tough start. But the developers presented an idea of shutting down the company entirely, according to The Wall Street Journal