The Wall Street Journal: Roku poised to buy Quibi’s catalog of shows

Quibi is in advanced talks to sell its content catalog to Roku Inc., according to people familiar with the matter, as the short-form streaming service winds down its operations following an unsuccessful run.

Quibi, which was founded by movie mogul Jeffrey Katzenberg, raised $1.75 billion with an ambitious plan to develop high-end content for mobile phones. But the service, which launched in April, never gained traction and Quibi said in October it was shutting down.

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January 04, 2021 at 03:22PM

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