The first mobile streaming service that failed Quibi is in advanced discussions to sell the rights to its content library to Roku, according to Wall Street Newspaper. The report does not indicate a potential price for the acquisition and notes that the two parties may not reach an agreement.
If that happened, the deal could give Canal Roku exclusive access to Quibi’s programming list. None of Quibi’s programs really took off, but Roku may feel that the content would stand a better chance when available on the best-selling streaming devices in the United States.
Quibi announced it was closing in October, just six months after its highly praised release. The service was chaired by former HP CEO Meg Whitman and former Disney president and film producer Jeffrey Katzenberg, who managed to raise nearly $ 2 billion in funds before the app launched.
Katzenberg had previously tried to get companies like Facebook and NBCUniversal to adopt Quibi’s programming before his death, according to The information.
Disclosure: Comcast, owner of NBCUniversal, is an investor in Vox Media, The VergeMother emprise. Vox Media also has an agreement with Quibi to produce a program, and there were initial talks about a Border show too.