Quibi last week announced a deal with Roku, which has acquired the bulk of the failed mobile startup’s streaming rights – some 75 shows, which the streaming platform plans to make available for free on the Roku channel. .
But even though Quibi has now essentially gone out of business, the company founded by Jeffrey Katzenberg has retained a legal team to deal with the ongoing legal fight with New York-based interactive video company Eko involving Turnstyle. : the technology used by Quibi to determine orientation. from a viewer’s phone (horizontal or vertical) and present the content in the appropriate mode.
The Turnstyle assets were not part of the Roku deal; which involved the transfer of Quibi’s seven-year content license rights, which one source said was “significantly” worth less than $ 100 million. Quibi set up a holding company to handle the dispute with Eko and the potential sale of Turnstyle’s assets.
In a decision of December 30 (which was unsealed in redacted …
- According to the source After Roku Deal, Quibi Turnstyle Technology Still facing a legal fight
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