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Quibi to shut down

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    braydenfitzsimmons
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    Quibi, the mobile streaming service launched amid great fanfare and nearly $2 billion in start-up capital by Jeffrey Katzenberg and Meg Whitman, is officially shutting down.

    Deadline has learned that Katzenberg and CEO Whitman are about to have a call with investors this afternoon to explain their decision to wind down the short-form video service after little more than six months. They are exploring options including selling content or the entire service in the hopes that a buyer emerges.

    The process of bringing Quibi to a close is expect to take several months we hear with subscribers receiving notifications in the near future. A staff meeting with Katzenberg and Whitman is also scheduled for later today.

    Quibi To Shut Down, Ending $2B Streaming Experiment – Update

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    methaddiction
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    Aug 1st, 2017
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    #1203794633

    I can’t imagine anyone being surprised by this.

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    This post was found to be inappropriate by the moderators and has been removed.
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    William Gillquist
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    FYC Oscars: Licorice Pizza (Best Picture, Best Director, Original Screenplay), The Mitchells vs The Machines (Best Picture, Animated Feature, Original Screenplay), Wes Anderson (Best Director), Denzel Washington (The Tragedy of MacBeth), Andrew Garfield and Robin de Jesus (Tick, Tick...BOOM!), Jayne Houdyshell (The Humans), Stephen Karam (Adapted Screenplay), Attica and Summer of Soul (Best Documentary)

    FYC Razzies: Dear Evan Hansen (in all eligible categories)

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    marty
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    #1203794948

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    wolfali
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    My reaction to this :

    FYC:

    "The Good Fight", "The Other Two" and "Station Eleven" in all categories, Sarah Lancashire ("Julia"), William Jackson Harper ("Love Life") and Luke Kirby ("The Marvelous Mrs. Maisel")

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    Sir Shaw
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    #1203795844

    Watch retrospectives in 5-10 years in TikTok+ is launched and everybody’s like “maybe Quibi was too ahead of it’s time, a Bionic tease”

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    vinny
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    May 20th, 2011
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    #1203796047

    well that was quick.

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    Atypical
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    Dec 1st, 2011
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    Quelle surprise!

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