RIP Quibi: Streaming service shuts down after less than a year

October 21, 2020

By Rachel Kaser

Quibi is shutting down after 7 months of operation. The $2 billion streaming service that presumed someone, somewhere, wanted to watch short shows in portrait mode is flaming out. It’s official: Jeffrey Katzenberg is calling investors to tell them he’s shutting the company down, sources tell @JBFlint and I: — Ben Mullin (@BenMullin) October 21, 2020 The news was originally reported by the Wall Street Journal and was later confirmed in a company blog post. To refresh your memory if you never bothered to try the app, Quibi is — was — a service that allowed you to watch…

This story continues at The Next Web

Source:: The Next Web


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