WhichThe short-form content library may have found its site a new home.
according to Wall Street JournalAnd the Public A deal is close to closing the Quibi content catalog, the mobile short-broadcast platform launched by Jeffrey Katzenberg and Meg Whitman that launched in April 2020 before closing in December.
The Wall Street Journal Reports indicate that Roku will acquire the rights to Quibi content but the specific details and financial terms of the proposed deal have not been revealed and the deal could still fall apart.
The Katzenberg and Whitman Project is set to be valued at $ 1.75 billion to change the way we consume content with series and movies presented in segments of 10 minutes or less. In January 2020, the pair shared their first look at Content of “revolving door” Which included projects with high-powered Hollywood talents such as Guillermo del Toro, Steven Spielberg, Antoine Fuqua, Reese Witherspoon, Anna Kendrick, Liam Hemsworth, Sophie Turner, among others. The hype and hype for the new platform continued Sundance They let fans try the new app.
After launch, Quibi did not gain much momentum and in October it was announced to be closed. They are officially The store closed on December 1.
Under some deals at Quibi, the producers partnered with Quibi to showcase their shows on the platform for seven years. to me WSJ, There have been some contracts stating that content cannot be shared on other platforms. The terms of the Roku contract will not prevent the company from streaming content.