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Quibi to shut down

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    Brayden Fitzsimmons
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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
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    I can’t imagine anyone being surprised by this.

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

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    William Gillquist
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    marty
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    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
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    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
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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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    well that was quick.

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    Atypical
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    Quelle surprise!

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