Roku Acquires Quibi Library

hollywoodreporter.com:

Roku has agreed to acquire the programming library from defunct mobile video startup Quibi as it looks to bulk up its free, ad-supported Roku Channel hub.

The deal means that more than 75 shortform shows like Veena Sud's The Stranger and Liam Hemsworth starrer Most Dangerous Game will continue to have a home despite Quibi's shutdown late last year.

More than a dozen shows that were shot and completed for Quibi but not released before its shutdown will also be made available for viewers for the first time on Roku, which will distribute them in the U.S., Canada and the U.K.

Roku and Quibi are not disclosing terms of the deal but a source familiar with the agreement says it values the content library at significantly less than $100 million..