January 21, 2021

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Roku acquires rights to the “flopped” video app film icon Katzenberg | Financially

Roku acquires rights to the "flopped" video app film icon Katzenberg | Financially

In April of last year, Katzenberg and Meg Whitman (former CEO of HP) enthusiastically launched the streaming platform for short films with a focus on mobile.

Big parties like Walt Disney and Goldman Sachs raised a total of $ 1.75 billion as seed capital. However, the plug was pulled back in October due to insufficient enthusiasm among consumers.

Disney and Dreamworks

Katzenberg was the head of the Walt Disney entertainment group from 1984 to 1994. Then they started the animation studio Dreamworks.

Roku is mainly active in America as a provider of media players. With the unique content of Quibi, the company aims to make further progress in offering its products.