Roku paid $97.8 million in cash for This Old House Ventures, the home-improvement media company whose shows include “This Old House” and “Ask This Old House.”
Roku disclosed the price tag in its 10-q quarterly filing Friday. The company said it acquired the This Old House business because it “believes the content aligns with The Roku Channel’s ad-supported growth strategy.”
Roku did not disclose the terms of the January 2021 acquisition of Quibi, which includes more than 70 short-form shows ordered by Jeffrey Katzenberg’s now-defunct startup. Sources previously said that deal was valued at significantly less than $100 million. Roku is introducing the Quibi programming under the “Roku Originals” brand, which also will encompass future original programming.
As of March 31, 2021, Roku recorded $104.6 million in content assets to its balance sheet as non-current assets. The increase of $96.7 million in non-current content assets in Q1 “was primarily driven by content acquired from Quibi and This Old House,...
Roku disclosed the price tag in its 10-q quarterly filing Friday. The company said it acquired the This Old House business because it “believes the content aligns with The Roku Channel’s ad-supported growth strategy.”
Roku did not disclose the terms of the January 2021 acquisition of Quibi, which includes more than 70 short-form shows ordered by Jeffrey Katzenberg’s now-defunct startup. Sources previously said that deal was valued at significantly less than $100 million. Roku is introducing the Quibi programming under the “Roku Originals” brand, which also will encompass future original programming.
As of March 31, 2021, Roku recorded $104.6 million in content assets to its balance sheet as non-current assets. The increase of $96.7 million in non-current content assets in Q1 “was primarily driven by content acquired from Quibi and This Old House,...
- 5/7/2021
- by Todd Spangler
- Variety Film + TV
Similar News
Phaedra Parks Making A Return To ‘Rhoa’?
- 4/26/2024
- by Amanda Lauren
- TV Shows Ace
Ken Jennings Left ‘Jeopardy!’ Bosses Screaming After On-Air Screw Up
- 4/26/2024
- by Amanda Lauren
- TV Shows Ace
‘Mafs’ Michael Dishes On Behind The Scenes Brawl With Brennan Shoykhet
- 4/26/2024
- by Evan Morgan
- TV Shows Ace
How to Watch 2024 Nebraska Football Spring Game Live Online Without Cable
- 4/27/2024
- by Thomas Waschenfelder
- The Streamable
YouTube salutes its Shorts as ad revenue soars to $8.1 billion in Q1 2024
- 4/26/2024
- by Sam Gutelle
- Tubefilter.com
ESPN, NBA Have Reportedly 'Essentially Come to Terms' on New Deal; Warner Bros. Discovery Still Negotiating with League
- 4/26/2024
- by David Satin
- The Streamable
How to Watch 2024 Oregon Football Spring Game Live Online Without Cable
- 4/27/2024
- by Thomas Waschenfelder
- The Streamable
How to Watch 2024 UCLA Football Spring Game Live Without Cable
- 4/27/2024
- by David Satin
- The Streamable
How to Watch 2024 Colorado Football Spring Game Live Without Cable
- 4/27/2024
- by David Satin
- The Streamable
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.