The announcement highlights the dominance that Netflix, Amazon’s Prime Video, Disney+ and Apple TV+ hold over smaller streaming service providers, which struggle to keep up against their large content budgets and vast libraries of shows.
Los Angeles-based Quibi offers entertainment and news in episodes of 10 minutes or less on mobile phones, initially promoted for on-the-go viewing. The service was priced at $5 a month with advertisements, or $8 a month without them. Quibi, which is backed by $1.8 billion from Hollywood studios and other investors, was launched on April 6 when audiences were sheltering at home to help prevent the spread of the coronavirus.
Dumb names doom companies.
Scab production company, whose entire business model was based on de-unionization, Quibi.
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