Monday, January 4, 2021

Quibi Seeks To Sell Content Library To Roku

Failed mobile video streaming service Quibi, which is based in Los Angeles, is in talks to sell its content to Roku, according to a report from the WSJ. The WSJ said that Quibi is in "advanced talks" to sell its content catalog to Roku, citing "people familiar with the matter". Quibi is in the midst of winding down its operations. The company raised an astounding $1.75 billion in funding, but failed to gain any traction when it launched last year.