Roku acquires the rights to Quibi’s content catalogue
Roku announced that it has acquired the rights to Quibi’s streaming library. Quibi announced in October that it was shutting down after about six months of operation. Roku plans to bring Quibi’s content to the Roku Channel, where viewers will be able to watch it for free, supported by ads. Roku shares ticked higher after the announcement, climbing by about 5%. Q3 2020 hedge fund letters, conferences and more Roku rescues Quibi's contentRoku and Quibi did not reveal how much the deal was worth, but a source told The Wall Street Journal that Roku paid "significantly less" than $100 million to ac...