brap
Banned
LMAO.
The streaming service, which served up shows in 5- to 10-minute “chapters” formatted to fit a smartphone screen, has been plagued with problems since its April launch, facing lower-than-expected viewership and a lawsuit from a well-capitalized foe.
Quibi was designed for people who consume entertainment in short increments on their smartphones, but the coronavirus pandemic forced would-be subscribers away from the kinds of on-the-go situations Quibi executives envisioned for its users. Quibi eventually allowed subscribers to watch its shows on their TVs.
Quibi, which cost $4.99 a month, also had to compete with a growing number of rivals, with Walt Disney’s Disney+, Apple Inc.’s Apple TV+, AT&T Inc.’s HBO Max and Comcast Corp.’s Peacock all launching in the past year.
Quibi Is Shutting Down Barely Six Months After Going Live
Founder Jeffrey Katzenberg and Chief Executive Meg Whitman decided to shut down the company in an effort to return as much capital to investors as possible instead of trying to prolong the life of the company and risk losing more money.
www.wsj.com