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Is Quibi done for?

The Verge Wednesday, 21 October 2020
Is Quibi done for?Illustration by Grayson Blackmon / The Verge

Struggling streaming service Quibi’s days appear to be numbered. The mobile-centric platform, which burned through a mind-boggling amount of investor cash trying to strong-arm its way into the streaming wars, may be imminently shut down, according to numerous reports about co-founder Jeffrey Katzenberg’s failed attempts to salvage the company and its intellectual property.

How exactly Quibi bites the dust is still a bit up in the air, though. The Information reported on Tuesday that company executives are considering shutting down the whole operation, after Katzenberg tried and failed to sell some of Quibi’s programming to companies like Facebook and NBCUniversal.

The Wall Street Journal followed that up with a report that Quibi has...
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News video: Quibi Considers Shutting Down

Quibi Considers Shutting Down 00:29

The Wall Street Journal is reporting that streaming service Quibi is considering shutting down. Quibi has struggled to gain a foothold in the streaming industry since its launch in April. Business Insider reports that Quibi has failed to attract viewers and none of its shows have become major hits....

💡 One News Page Knowledge: Other News Mentions

Quibi Quibi American short-form mobile video platform

Quibi Is Shutting Down Just 6 Months After Launch [Video]

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Credit: Cover Video STUDIO    Duration: 01:05Published
Quibi Shutting Down After Six Months | THR News [Video]

Quibi Shutting Down After Six Months | THR News

After raising nearly $2 billion in funding and promising to reinvent the way people consume entertainment programming, Quibi is shutting down six months after its launch.

Credit: The Hollywood Reporter    Duration: 01:34Published
Streaming service Quibi to end after six months [Video]

Streaming service Quibi to end after six months

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Jeffrey Katzenberg Jeffrey Katzenberg American film producer and media proprietor

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American short-form mobile video platform Quibi has just launched apps for Apple TV, Android TV and Fire TV. The streaming service company announced the change in an updated support article. The company first made the content more shareable in May and followed that soon after with AirPlay and Chromecast support. A new report in The Information claims that co-founder Jeffrey Katzenberg has attempted to sell Quibi's programming to Facebook and NBCUniversal while telling others he may have to shut down the company entirely. As reported by The Verge, Quibi has struggled to scale since its launch, dealing with a lackluster reaction to its first collection of content and a drop in subscribers after its 90-day trial offered at launch ended.

Credit: ANI    Duration: 01:10Published

Facebook Facebook American online social networking service

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Credit: ODN    Duration: 01:20Published
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Credit: ODN    Duration: 01:13Published
Hancock hopes to begin Covid vaccine rollout in December [Video]

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Health Secretary Matt Hancock says he hopes the rollout of a new Covid vaccine can begin next month, with the bulk of the deployment continuing in the new year. The vaccine, developed by the University of Oxford and AstraZeneca, could prevent 70.4% of people from getting the virus and up to 90% if a lower dose is used. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:38Published
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Shadow Health Secretary Jonathan Ashworth has called on the government to create a deployment plan for Covid vaccinations, suggesting a dedicated Minister for Vaccines is needed to see the programme through. His comments come as a vaccine, developed by the University of Oxford, has been found to be up to 90% effective in preventing the virus. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:16Published

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