January 8, 2021

Roku Purchases Quibi's Entire Library

You can finally watch Quibi on your TV.

Roku has stepped in and purchased Quibi’s entire library of shows for around $100 million.

Excluded from this deal are daily shows and some ongoing reality content. Roku VP of Programming Rob Holmes told Deadline, “We preserved all of what was in the existing agreements. We’re excited about that. It’s great, high-quality, top talent and high-quality content.”

That means the rights to the shows will continue for seven years, then revert back to creators. Still, if any of these shows get traction, it would not be unusual to see Roku try to produce more of them.

All the shows will be available for free but will come with commercials. They will be housed on the Roku Channel.

“It’s the same availability of content, the same presentation of content,” Holmes told Deadline. “But as we spent a bunch of time with it, it really works, but they’re just TV episodes. I think their premise was, you have 10 minutes, you would watch it. Our view is, this is TV, someone’s going to spend half an hour or an hour or two hours watching it because it’s just that compelling.”

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Source: NoFilmSchool