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Quibi prepares to shut down 6 months after launch


Shortform mobile-focused streaming service, Quibi is shutting a few months after it was launched. According to The Verge, the company has confirmed that it’ll be shutting down in a Medium post from Jeffrey Katzenberg and Meg Whitman. It’s not clear what will happen to the company’s lineup of expensive, star-studded original shows and short-form films after the shutdown. Quibi, which raised $1.75 billion, will continue to attempt to sell both the content and the underlying technology used in its apps in the coming months, however.

Quibi prepares to shut down 6 months after launch Quibi prepares to shut down 6 months after launch Reviewed by TechCO on 11/13/2020 Rating: 5

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