Roku buys library of the short-lived streaming service Quibi
FILE - This Aug. 13, 2020 file photo shows a logo for Roku on a remote control in Portland, Ore. On Friday, Jan. 8, 2021, Roku is buying short-lived streaming service Quibis content library to bolster content for its free Roku Channel. AP Photo/Jenny Kane, File)Roku is buying the content library of Quibi, the short-lived streaming service, to bulk up its own free ad-supported channel. Quibi, short for quick bites, raised $1.75 billion from investors including major Hollywood players like Disney, NBCUniversal and Viacom. Roku created its business solely as a hub for other streaming services, but has recently begun piling up content for its free Roku Channel. Idris Elba, Kevin Hart, Liam Hemsworth, Anna Kendrick, Nicole Richie, Chrissy Teigen and Lena Waithe have all been in Quibi shows.