As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival serviceBy Jill T Frey
Even as Quibi, the short form video platform from Jeffrey Katzenberg’s WndrCo, reportedly looks to raise another $1 billion, rival service Fiction Riot continues to steadily build out its pipeline of short form serials.
The Los Angeles-based company has already launched a beta version of its streaming service, Ficto, and yesterday announced a host of new shows that will appear on the app later this year.
Ficto is bringing to market adaptations of bestselling books and original productions which will be released with theatrical films and has plans in the pipeline for other forms of scripted and unscripted entertainment.
On the back end of its service, Fiction Riot is using blockchain-based tools to create a more transparent way to share revenue and manage payments among writers, artists and producers of new series, according to company founder and chief executive Mike Esola.