Quibi's Quick Collapse - The Journal. - WSJ Podcasts

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🎧 Listen: In today's episode of The Journal podcast, BenMullin discusses Quibi's dramatic demise, six months after the streaming platform launched with tons of cash and a Hollywood visionary at the helm

Kate Linebaugh is the co-host of The Journal. She has worked at The Wall Street Journal for 15 years, most recently as the deputy U.S. news coverage chief. Kate started at the Journal in Hong Kong, stopping in Detroit and coming to New York in 2011. As a reporter, she covered everything from post-9/11 Afghanistan to the 2004 Asian tsunami, from Toyota's sudden acceleration recall to General Electric.

Previously, he spent more than four years in the newsroom covering the wireless industry, and was responsible for a string of scoops including Verizon's $130 billion buyout of Vodafone's stake in their joint venture, Sprint and T-Mobile's never ending courtship and a hack of the 911 emergency system that spread virally on Twitter. He was also a regular author of A-heds, including one about millennials discovering TV antennas.

 

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Quibi, Short-Form Streaming Service, Shutting DownQuibi, the mobile-first streaming service with 5- to 10-minute episodes, is shutting down just 6 months after launching. It failed to attract users with a galvanizing hit show. lol They should have let us see the stuff on other screens also. I looked for a thing they had, but I could not watch. This is a good lesson.
Source: NPR - 🏆 96. / 63 Read more »

Short-video app Quibi shutting down just months after launchShort-video app Quibi raised $1.75 billion from investors, but is shutting down just six months after launch. The platform designed for cellphones had been a favorite of investors hoping to challenge Netflix, but struggled to find customers. Turns out attention spans aren’t that short. Buncha billionaires going to write this off their taxes and pay $750 for the year, aren't they... Is that Meg Whitman?
Source: AP - 🏆 728. / 51 Read more »

Quibi Calls It QuitsWho could've seen this coming?
Source: papermagazine - 🏆 409. / 53 Read more »

Quibi to Shut Down Six Months After LaunchAfter raising nearly $2 billion prior to launching and promising to reinvent the way people consume entertainment programming, Quibi is shutting down Lol wonder what they paid meg? will she get her 2020 bonus? American Gothic duo bankrupts Quibi:
Source: THR - 🏆 411. / 53 Read more »

Quibi Streaming Service Shutting Down After 6 MonthsThe service launched in April with shows starring celebrity favorites like Jennifer Lopez, Nick Jonas, Chrissy Teigen and Cardi B. Interesting to see these celebs that were once gung-ho about Quibi now being silent on Twitter to show support. They made millions while employees will now be out of jobs.
Source: etnow - 🏆 696. / 51 Read more »

Streaming service Quibi to wind down operations six months after launchStreaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. Scab production company, whose entire business model was based on de-unionization, Quibi. Dumb names doom companies.
Source: Reuters - 🏆 2. / 97 Read more »