Quibi is in superior talks to promote its content material catalog to video-streaming system maker Roku because the streaming service winds down operations, the Wall Avenue Journal reported on Sunday, citing individuals aware of the matter. Los Angeles-based Quibi, which provided leisure and information in episodes of 10 minutes or much less on cell phones, introduced its closure in October, simply six months after its launch.
The service, based by Hollywood producer Jeffrey Katzenberg and backed by different buyers, was launched on April 6 when audiences had been sheltering at house to assist stop the unfold of the coronavirus. Below the phrases mentioned, Roku would purchase rights to Quibi’s library, the Journal stated, including that the monetary phrases of the deal weren’t disclosed and talks might nonetheless collapse. A Roku spokeswoman stated the corporate doesn’t touch upon rumors and hypothesis.
Quibi didn’t instantly reply to Reuters request for remark.