Quibi To Give Up Mobile Video Technology After Lawsuit

Quibi, the short-lived, short-form-mobile-video startup run by Jeffrey Katzenberg, is transferring its mobile video technology to another company, Eko, after Eko filed a patent infringement lawsuit against Quibi. Quibi–which shut down its operations last year–continues to exist as a legal entity, despite no longer operating as a company. According to the two, QBI Holdings, the current owner of Quibi’s assets, will transfer the intellectual property behind its mobile video technology to Eko. Variety says that no money is changing hands between the two companies. Quibi already sold all of its content library and distribution rights to Roku last year.