Roku is buying Quibi’s TV shows and documentaries

Roku introduced Friday it has acquired Quibi’s library of written content, nearly a few months soon after the brief-kind movie streaming support shut down.

The companies did not disclose the financial conditions of the offer.

Roku will make the Quibi content material obtainable for free of charge with ads to all Roku people, beginning this calendar year. In addition to the information that previously aired on Quibi, Roku has the rights to stream the company’s more than a dozen unaired plans. Roku’s own streaming app gives a lot of free of charge content to stream supported by promoting, a increasing aspect of the firm’s enterprise exterior of components product gross sales.

Quibi unsuccessful to obtain traction when it introduced early last 12 months. The firm, which shut down in October, pointed to a convergence of aspects that led to its failure. Roku, in the meantime, has knowledgeable swift growth amid the Covid-19 pandemic. The organization explained it doubled household reach yr of calendar year in its fourth quarter of 2020.

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