Subscribe / Renew
|► Subscribe to our Free Weekly Newsletter|
January 11, 2021
Roku is buying the content library of Quibi, the short-lived streaming service, to bulk up its own free ad-supported channel.
Quibi, short for quick bites, raised $1.75 billion from investors including major Hollywood players like Disney, NBCUniversal and Viacom. It produced shows that were released in 10- to 12-minute increments or less, believing that there was strong demand from people stuck doing anything from waiting in lines to commuting.
. . .