Quibi
Quibi will officially close its doors in DecemberStreaming service Quibi will officially close for service "on or about December 1".Following the news that the short-form video streaming platform is to close after just six months, the app has given users a date for when they can expect it to shut down.In a blog post entitled 'Quibi End of Service Announcement', they wrote: Quibi has made the difficult decision to wind down. We will end streaming on or about December 1, 2020.At this time we do not know if the Quibi content will be available anywhere after our last day of service. We recommend f...
BANG Showbiz English
Streaming service Quibi is to close after just six months.The short-form streaming platform was founded in August 2018 as NewTV by Jeffrey Katzenberg and was led by Meg Whitman.However, it has failed to compete with the industry's leaders Netflix and Amazon Prime.Katzenberg said in a statement: “The world has changed dramatically since Quibi launched and our standalone business model is no longer viable."Whitman added: “Quibi is not succeeding.“Likely for one of two reasons: because the idea itself wasn’t strong enough to justify a standalone streaming service or because of our timing. “Unfort...
BANG Showbiz English
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