Roku Said to Be in Talks to Buy Quibi Content Catalogue 1a3k2i Report

Quibi launched on April 6, 2020 and is now shutting down. 5s6d5y

By Reuters | Updated: 4 January 2021 10:27 IST

Roku Said to Be in Talks to Buy Quibi Content Catalogue: Report

Photo Credit: Janis Pipars/Quibi 691q18

Sophie Turner in the Quibi series, Survive

Highlights

Quibi was founded by Hollywood producer Jeffrey Katzenberg
Quibi was ed about 2.7 million times within two weeks of launch
Roku would acquire rights to Quibi's library

ment

Quibi is in advanced talks to sell its content catalogue to video-streaming device maker Roku as the streaming service winds down operations, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Los Angeles-based Quibi, which offered entertainment and news in episodes of 10 minutes or less on mobile phones, announced its closure in October, just six months after its launch.

The service, founded by Hollywood producer coronavirus. Katzenberg had told Reuters that the streaming service was ed more than 2.7 million times within just over two weeks of its launch in early April.

Under the discussed, Quibi's library, the Journal said, adding that the financial of the deal were not disclosed and talks could still fall apart.

Quibi Streaming Service Shutting Down Just Months After Launch

A Roku spokeswoman said the company does not comment on rumours and speculation.

Quibi did not immediately respond to Reuters request for comment.

The video service, led by former Reese Witherspoon.

© Thomson Reuters 2020

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