Quibi Quits: Streaming service folds after just six months

Oct 22, 2020
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In what is being described by some as the first big failure of the streaming era, Quibi announced yesterday that it is closing down.   The streaming service, which focussed on delivering short-form quick bites (or ‘Quibis’) in under 10 minutes, was the brain child of Disney’s chairman Jeffrey Katzenberg, who managed to raise a staggering $1.75 billion in funding since its conception in 2018. Launched back in April this year…

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