The demise of the mobile-streaming platform Quibi a mere six months after it went live is the latest example of Hollywood’s struggles in making a business out of short-form content.
Quibi may be the best-known and best-funded attempt to crack the short-form riddle, but it is far from the only one. The media industry is littered with the carcasses of short-form streaming platforms.
This is basically Darwinian. Survival of the fittest.
Common sense
Funny how the left is destroying Hollywood
Stupid concept, stupid name, stupid execution. What could go wrong?
Quibi was essentially movies broken into short segments with commercials in-between 'episodes'. Its was like watching 5 year old movies on TNT.
Like no one saw quibi failing...
People are hesitant subscribing to another streaming service.
A bunch of old, out of touch and really wealthy people decided this was a good idea...worst fucking idea I've ever seen, the minute I heard about it. Quibi...
(Nor its last, in all likelihood)
thanks
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Quibi Is Shutting Down Barely Six Months After Going LiveFounder 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. BenMullin When you have all the cards - money, big names, big backers - and you still fail, blame leadership. BenMullin They took the money and squandered it. 😊 BenMullin Went kaput for solving non-existing problem. Service provided unsubstantiated incremental value, utility in crowded market. Insufficient user beachhead, negligible customer conversion. War chest, celebrity investors irrelevant to sway user pocket books. Terrible resource wastage.
Source: WSJ - 🏆 98. / 63 Read more »
Corona Capital: QuibiDisney finds that even the magician’s apprentice can’t keep parks open, and Covid-19 may force Adidas to throw in the towel on Reebok. Catch up with the latest pandemic-related financial insights from Breakingviews:
Source: Breakingviews - 🏆 470. / 51 Read more »
Quibi Limbo: As Streamer Shuts Down, One Series Creator Scrambles to Figure Out What’s NextOn Wednesday morning, Mike Catherwood spent an hour on a call with Quibi executives for his new animated project, “Rudy.” Then, he went to pick up his daughter from school. By the time …
Source: Variety - 🏆 108. / 63 Read more »
Quibi Enlists LionTree to Handle Sale of AssetsIt could be quite a fire sale after Quibi’s nearly $2 billion flameout: The Jeffrey Katzenberg-founded company has tapped LionTree to manage the process of selling Quibi’s assets, follo… Cute couple. Sad they didn't make it. there will be one sale every 11 minutes How do people keep giving her a job at the to of a company?
Source: Variety - 🏆 108. / 63 Read more »
DOJ/Google showdown, RIP Quibi, and a listener mail question on Airbnb IPOListen to this episode from Pivot on Spotify. Kara and Scott talk about the Department of Justice filing an antitrust lawsuit against Google and their search advertising monopoly behavior. They also discuss the shutdown of Quibi – we hardly knew ye... In listener mail, we get a question about Airbnb offering hosts shares in their IPO. Kara's prediction is that Amy Coney Barrett will be a dangerous Supreme Court Justice. Learn more about your ad choices. Visit megaphone.fm/adchoices karaswisher profgalloway .karaswisher worries that the DOJ antitrust lawsuit may not be enough to meaningfully transform the tech industry: “It’s good that they finally did it, but is it too late? And what is the remedy?” Listen to Pivot:
Source: NYMag - 🏆 111. / 63 Read more »
Quibi Sets Shutdown DateThe mobile-first video service announced Wednesday that it would be ceasing operations after failing to gain traction with subscribers. Take a victory lap profgalloway Well, I finally understand what Quibi was meant to be. The premise of some shows had potential. The issue is with only 6 minute episodes, they’re done before you can get invested
Source: THR - 🏆 411. / 53 Read more »