After announcing the end of its operations seven months after its launch, Roku confirmed earlier this month the acquisition of the entire Quibi’s catalog, which includes a total of 75 original productions. All of them can be watched for free and with advertising, through The Roku Channel.
‘We are thrilled that these stories have found a new home on The Roku Channel’, said Jeffrey Katzenberg, Co-Founder at Quibi. Likewise, although neither Roku nor Quibi have expressed themselves about the economic terms of the acquisition agreement, they reported that titles are now available globally, and some of them were never released on Quibi.
At the time of its launch, Quibi was conceived as a platform with content that last at least 10 minutes, to be watched with the screen in landscape or portrait mode. The platform supported two subscription models: one with advertisements, for USD 4.99 per month; and another without ads, for a monthly value of USD 7.99. Also, according to Variety, the OTT led by Jeffrey Katzenberg and Meg Whitman had received investments valued at about USD 2 billion from companies such as Disney, NCBUniversal, Viacom, Sony Pictures Entertainment, WarnerMedia, Lionsgate, MGM, ITV and Entertainment One.