Roku Buys Shows from Short-Lived Streamer Quibi

Associated Press: Roku has bought the content library of Quibi, the short-lived streaming service, to bulk up its own free ad-supported channel. Quibi, short for quick bites, had raised $1.75 billion from investors including major Hollywood players like Disney, NBCUniversal and Viacom. It produced shows that were released in 10- to 12-minute increments or less.