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January 11, 2021

Roku buys Quibi's library

By The Associated Press

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.


 
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