Roku begins removing Quibi shows to cut costs
Roku has removed more than three dozen titles from its Roku Channel free streaming service as part of a broad cost-cutting move.
Roku has removed more than three dozen titles from its Roku Channel free streaming service as part of a broad cost-cutting move.
Streaming hardware maker Roku will launch its slate of acquired Quibi shows and other original programs on May 20,
The move covers more than 70 Quibi shows that were acquired by Roku earlier this year.
Roku paid less than $100 million to acquire short-form content from now-defunct streaming service Quibi, according to a report.
The streaming platform will integrate 75 Quibi shows into its free, ad-supported Roku Channel, the companies announced.
Roku and Quibi are engaged in talks over the short-form streaming service’s content library, according to a report.
Short-form streaming service Quibi is expected to finally come to an end in early December.
The chief executive of NBC Universal took aim at defunct streaming rival Quibi, noting that his own company’s service Peacock has “stuff people want to watch.”
Short-form, mobile-first streaming service Quibi will shut down, the company’s founder and chief executive said.
Workers at short-form video service Quibi are scheduling farewell drinks after signs within the company point to its impending closure.