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daily crunch: roku buys quibi’s content library

AVATAR Anthony Ha
Anthony Ha
TechCrunch
January 8, 2021
daily crunch: roku buys quibi’s content library

Content from Quibi will continue to be available, Hyundai is considering a collaboration with Apple, and Donald Trump has resumed posting on Twitter. This is your Daily Crunch for January 8, 2021.

Key development: Roku acquires Quibi’s content collection

Those interested in viewing Quibi programs such as “Most Dangerous Game” and “Chrissy Court” can now do so on Roku.

The streaming television service announced today that it has obtained the worldwide rights to Quibi’s content library and intends to feature it on The Roku Channel, offering it without charge and supported by advertisements, starting later this year. This encompasses “over a dozen” programs that were never released on Quibi prior to the application’s closure.

“The most talented and innovative individuals in Hollywood developed exceptional content for Quibi that surpassed our expectations,” stated Quibi founder Jeffrey Katzenberg in a press release. “We are delighted that these narratives, ranging from the fantastical to the profound, have discovered a new platform on The Roku Channel.”

Major technology companies

Hyundai Motor Co. stock increases by over 20% amid potential electric vehicle agreement with Apple — Hyundai indicated that discussions are currently in the “initial phases.”

The United Kingdom initiates an antitrust investigation into Google’s plan to eliminate tracking cookies — The U.K.’s Competition and Markets Authority announced it is examining “potential violations of competition law by Google.”

Donald Trump’s return to Twitter features a statement that appears to acknowledge defeat — The President was only required to wait 12 hours before rejoining his preferred social media platform.

Startups, financing, and venture capital

Jobandtalent secures an additional $108M for its ‘workforce as a service’ platform — The company manages a two-sided platform that links temporary employees with businesses.

Ludlow Ventures of Detroit prepares to launch its fourth fund — The Detroit-based early-stage investment firm is in the process of finalizing its fourth fund, totaling $65 million.

Jumbotail receives $14.2M to expand its wholesale marketplace in India — Jumbotail reports serving over 30,000 local stores, commonly known as kiranas in India.

Insights and analysis from Extra Crunch

Venture capitalists analyze the most significant infrastructure investment prospects in gaming for 2021 — Investors emphasized several areas for new opportunities, including specialized game engines, next-generation content creation tools, and methods for transferring desktop experiences to mobile devices.

An examination of Tesla’s valuation — Along with a number of other stocks.

The Roblox Strategy — It has been revealed that Roblox is valued at $29.5 billion.

(Extra Crunch is our subscription service, designed to make information about startups more accessible. You can register here.)

Other news

The compromise of government computers is a lesser concern than other security issues — The SolarWinds breach is anticipated to pose a greater cybersecurity risk than any computers stolen during the pro-Trump demonstration on Wednesday.

Five essential changes to establish a genuinely cashless society — Convenience should not compromise other aspects of commerce.

The Daily Crunch is TechCrunch’s compilation of our most significant and important news stories. To receive this in your inbox daily around 3pm Pacific time, you can subscribe here.

#roku#quibi#streaming#content acquisition#daily crunch#tech news

Anthony Ha

Anthony Ha currently serves as the weekend editor for TechCrunch. Prior to this role, his professional experience included positions as a technology journalist at Adweek and a senior editor with VentureBeat. He also contributed his reporting skills as a local government reporter for the Hollister Free Lance, and held the position of vice president of content within a venture capital company. He is based in New York City. For communication or to confirm any correspondence originating from Anthony, please reach him via email at anthony.ha@techcrunch.com.
Anthony Ha