Failed mobile-first streaming service Quibi is in superior discussions to promote the rights to its content material library to Roku, according to The Wall Street Journal. The report doesn’t point out a possible value for the acquisition, and notes that the 2 events might not attain a deal.
If it had been to occur, the deal may give the Roku Channel unique entry to Quibi’s slate of programming. None of Quibi’s reveals ever actually took off, however Roku might really feel that the content material would stand a greater probability when accessible on the best-selling streaming units within the US.
Quibi announced it was shutting down again in October, simply six months after its much-hyped launch. The service was headed by former HP CEO Meg Whitman and former Disney chairman and film producer Jeffrey Katzenberg, who managed to raise almost $2 billion in funding earlier than the app was launched.
Katzenberg had already tried to get firms together with Fb and NBCUniversal to choose up Quibi programming forward of its demise, according to The Information.
Disclosure: Comcast, which owns NBCUniversal, is an investor in Vox Media, The Verge’s guardian firm. Vox Media additionally has a take care of Quibi to supply a present, and there have been early talks a couple of Verge present as effectively.