Roku acquires Quibi’s content

Quibi is dead, but its shows will live on.
The Wall Street Journal reported last week that Roku was in talks to acquire the short-form video service’s content. And this morning, Roku announced that it has indeed reached a deal for the exclusive distribution rights to all of Quibi’s programs.
Financial terms of the acquisition were not disclosed.
Roku said it will make this content available for free with ads on The Roku Channel. That doesn’t just include the shows that were previously available on Quibi, but also “more than a dozen” programs making “their exclusive debut on The Roku Channel” — in other words, they were created for the service but unreleased due to the app’s shutdown.
“Today’s announcement marks a rare opportunity to acquire compelling original content that features some of the biggest names in entertainment,” said Roku’s vice president of programming Rob Holmes in a statement. “We’re excited to make this


Original URL: http://feedproxy.google.com/~r/Techcrunch/~3/dayuO_ML18A/

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Quibi streaming service shutting down after less than 1 year

Enlarge / It’s not a great tombstone, but… well, we’ll just leave it at that. RIP Quibi. (credit: Getty Images / Sam Machkovech)
Quibi, the video-streaming service designed to revolve around smartphone screens, is no more, according to The Wall Street Journal.
After launching only in April this year, with a $1.75 billion infusion of cash and the leadership of former NBC bigwig Jeffrey Katzenberg, the service is ending as part of the closure of its holding company, Quibi Holdings LLC, according to “people familiar with the matter,” the WSJ says. The news was delivered directly by Katzenberg to the LLC’s investors on Wednesday, according to the report.
The writing appeared to be on the wall as soon as Quibi’s primary sales pitch—quick-burst videos designed to attract the average on-the-go smartphone user—fell apart all over the United States in the wake of coronavirus-related shutdowns. (People just weren’t watching videos on their phones


Original URL: https://arstechnica.com/?p=1716315

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