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Is Roku Getting Ready to Challenge Netflix?

Is Roku Getting Ready to Challenge Netflix?

Back in January, Roku (NASDAQ: ROKU) bought Quibi, a short-lived streaming platform that offered short "quick bite" videos for mobile devices, for less than $100 million. The acquisition brought over 75 new shows to The Roku Channel, which provides free movies, programs, and live TV channels. First, it rebranded Quibi's shows as "Roku Originals" in April.