Quibi to shut down

[Brayden Fitzsimmons Joined: May 3rd, 2015 Topics: 120 Posts: 7924 View Predictions]

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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.

https://deadline.com/2020/10/quibi-to-shut-down-ending-2b-streaming-experiment-1234601356/

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[methaddiction Joined: Aug 1st, 2017 Topics: 4 Posts: 3888 View Predictions]

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I can’t imagine anyone being surprised by this.

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[Alina Mihaela Joined: Oct 3rd, 2020 Topics: 0 Posts: 188 View Predictions]

#1203794640

What a big surprise , said no one. This was doomed to fail from the start

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[William Gillquist Joined: Jan 1st, 2020 Topics: 10 Posts: 636 View Predictions]

#1203794680

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[marty Joined: Aug 18th, 2020 Topics: 1 Posts: 1351 View Predictions]

#1203794948

FYC:

Best Director - Lee Isaac Chung (Minari), Darius Marder (Sound of Metal)

Lead Actor - Delroy Lindo (Da 5 Bloods), Mads Mikkelsen (Another Round), Riz Ahmed (Sound of Metal)

Supporting Actor - Paul Raci (Sound of Metal)

Supporting Actress - Youn Yuh-jung (Minari)

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[wolfali Joined: Sep 4th, 2018 Topics: 269 Posts: 20988 View Predictions]

#1203795044

My reaction to this :

FYC Emmys: "The Crown" in all categories, "I May Destroy You" in all categories, "It's a Sin" in all categories, "Small Axe" in all categories, Billie Piper ("I Hate Suzie"), Yvonne Strahovski ("Stateless") and Ruth Wilson ("His Dark Materials")

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[Sir Shaw Joined: Aug 1st, 2019 Topics: 3 Posts: 460 View Predictions]

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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 Joined: May 20th, 2011 Topics: 23 Posts: 76690 View Predictions]

#1203796047

well that was quick.

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[Atypical Joined: Dec 1st, 2011 Topics: 360 Posts: 22085 View Predictions]

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Quelle surprise!

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