Updated with stock uptick. In its biggest original programming foray to date, Roku has bought exclusive global distribution rights to the portfolio of Quibi, the recently shuttered mobile-only streaming venture fronted by Jeffrey Katzenberg.
The acquisition covers most of the Quibi library, but some daily news shows are not part of the package. A key draw for Roku is the talent, a roster including Idris Elba, Kevin Hart, Liam Hemsworth, Anna Kendrick, Nicole Richie, Chrissy Teigen and Lena Waithe. The lineup includes titles like Most Dangerous Game, Dummy and Murder House Flip.
Financial terms were not disclosed, though the valuation is understood to be less than $100 million, according to insiders. Roku shares rose 5% to $398.60 on the news. At one point early in the trading day, they reached $402.81, an all-time high.
In an interview with Deadline, Roku VP of Programming Rob Holmes told Deadline that the unusual rights flexibility offered by Quibi will stay in place,...
The acquisition covers most of the Quibi library, but some daily news shows are not part of the package. A key draw for Roku is the talent, a roster including Idris Elba, Kevin Hart, Liam Hemsworth, Anna Kendrick, Nicole Richie, Chrissy Teigen and Lena Waithe. The lineup includes titles like Most Dangerous Game, Dummy and Murder House Flip.
Financial terms were not disclosed, though the valuation is understood to be less than $100 million, according to insiders. Roku shares rose 5% to $398.60 on the news. At one point early in the trading day, they reached $402.81, an all-time high.
In an interview with Deadline, Roku VP of Programming Rob Holmes told Deadline that the unusual rights flexibility offered by Quibi will stay in place,...
- 1/8/2021
- by Dade Hayes
- Deadline Film + TV
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