Roku Hints at Original Content Push Beyond Quibi Acquisition
Roku, the dominant force in streaming device technology, might be on the cusp of a major strategic shift: diving headfirst into the world of original content creation. While the company has remained tight-lipped, recent job postings and industry murmurs strongly suggest that Roku is seriously exploring developing its own original programming, following the footsteps of virtually every other major player in the streaming arena. This move could transform Roku from a content aggregator into a content producer, reshaping its role in the increasingly crowded streaming landscape.
The speculation gained significant traction with the discovery of a now-removed LinkedIn job posting for a Lead Production Attorney at Roku. The posting, initially spotted by Revealera and reported by Protocol, provided a tantalizing glimpse into Roku’s potential content ambitions. The role’s description explicitly stated that the attorney would be focusing on Roku’s "expanding slate of original content" and would serve as the primary legal counsel for Roku’s original episodic and feature-length productions.
The description further detailed the responsibilities of the position, which included negotiating and managing legal agreements pertaining to a wide array of production-related matters. These included option purchase agreements, script acquisition agreements, life rights agreements, and agreements to hire writers, actors, directors, and individual producers. The role also encompassed managing production services agreements, below-the-line agreements for department heads, location agreements, clearances, prop rental agreements, likeness releases, and credit memos. The sheer breadth of these responsibilities strongly indicates that Roku is contemplating a significant investment in original content production, far beyond simply repackaging existing material.
While Roku officially declined to comment on the job posting and the speculation surrounding its content ambitions, the evidence strongly suggests a shift in strategy. The acquisition of Quibi’s content library in the aftermath of the platform’s collapse provided Roku with a significant influx of programming. The deal, rumored to be valued at less than $100 million, included over 75 shows and documentaries that Roku plans to make available for free on the Roku Channel, supported by advertising. However, the Lead Production Attorney job posting seems to point towards something more ambitious than simply leveraging the Quibi acquisition.
The Quibi deal, while beneficial, primarily offers Roku a library of pre-existing content to bolster its free, ad-supported Roku Channel. In contrast, the job posting suggests that Roku is considering creating entirely new, original programming specifically for its platform. This represents a significant departure from Roku’s traditional role as a hardware provider and aggregator of streaming services.
This potential shift in strategy aligns with earlier reports from Digiday, which indicated that Roku had been engaging in discussions with media and entertainment firms regarding the creation of original content for its platform. While those initial talks may not have progressed significantly at the time, the recent job posting suggests that Roku’s interest in original content has been rekindled, potentially driven by the success of the Quibi acquisition and the growing demand for exclusive content in the streaming market.
The logic behind Roku’s potential move into original content creation is compelling. The company already boasts a massive user base through its popular streaming devices, providing it with a built-in audience for any original content it produces. By creating exclusive content, Roku could further incentivize users to remain within its ecosystem, increasing engagement and potentially driving revenue through advertising or future subscription offerings.
Roku would be following in the footsteps of other tech giants who have successfully integrated hardware and content strategies. Amazon, for example, creates content through Amazon Studios and offers it to Prime subscribers, while also selling Fire TV sticks and set-top boxes. Apple similarly produces content through Apple TV+ and offers it on its own hardware devices. These companies have demonstrated the potential of creating a synergistic relationship between hardware and content, driving customer loyalty and expanding market share.
However, the success of Roku’s potential foray into original content will largely depend on the quality of the programming it produces. In the saturated streaming market, viewers have become increasingly discerning, demanding high-quality content that justifies their subscription fees and viewing time. Roku will need to invest significantly in talent and production to create content that can compete with the established players in the industry.
The streaming landscape is already overflowing with content, and consumers are increasingly experiencing "subscription fatigue." Roku’s potential entry into the original content arena raises the question of whether the market truly needs another streaming option. To stand out from the crowd, Roku will need to offer something unique and compelling, whether it’s a specific genre of programming, a unique distribution model, or a focus on underserved audiences.
Roku’s potential move into original content creation is a significant development that could reshape the streaming landscape. While the company remains tight-lipped about its plans, the evidence suggests that Roku is seriously exploring the possibility of becoming a content producer, following the lead of other tech giants like Amazon and Apple. The success of this strategy will depend on Roku’s ability to create high-quality content that resonates with viewers and differentiates itself from the crowded streaming market. Only time will tell if Roku can successfully navigate this new territory and solidify its position as a leading player in the streaming wars. The added response from Roku refusing to comment only adds more fuel to the fire, making the prospect of original content from the streaming device giant much more likely.