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Roku Buys Quibi’s Library to Boost Free Streaming Service
- More than 75 Quibi shows to be available on the Roku Channel
- Quibi announced last year that its service was shutting down
Photographer: Andrew Harrer/Bloomberg
Streaming giant Roku Inc. is buying the rights to dozens of shows from Quibi Holdings LLC, the failed short-video startup founded by film mogul Jeffrey Katzenberg.
Roku will offer more than 75 shows that Quibi created with Hollywood studios and producers on its Roku Channel, a free ad-supported streaming service. The news sent Roku shares up as much as 6.2% to $402.85 in New York trading Friday.