Anonymous ID: ee6cbd Oct. 21, 2020, 2:16 p.m. No.11195916   🗄️.is 🔗kun   >>5933 >>5934

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.

 

Quibi To Shut Down, Ending $2B Streaming Experiment

 

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/