Quibi is shutting down

[brooklynite]

Source: The Verge

Quibi — the shortform mobile-focused streaming service — is shutting down after just over six months of operation, making it one of the shortest-lived streaming services to date, according to The Wall Street Journal.

There is any number of factors that can be pointed to in unpacking Quibi’s demise: the launch of a mobile-only streaming service at the height of a global pandemic when users were stuck at home; the lack of any real breakout content that was compelling enough to tempt subscribers; or the fact that shortform video content has a nearly infinite amount of free competition in the form of YouTube, TikTok, and other platforms.

It’s not clear what will happen to the company’s lineup of expensive, star-studded original shows and shortform films after the shutdown. Earlier reports indicated that co-founder Jeffrey Katzenberg had courted Apple, WarnerMedia, and Facebook to try to acquire the beleaguered streaming company earlier this year. When those efforts failed, Katzenberg reportedly tried to get Facebook and NBCUniversal to at least pick up Quibi’s content, to no success.

Quibi launched on April 6th, 2020, just over six months ago, with two plans: $4.99 (with ads) or $7.99 (ad free). The company sought to distinguish itself by focusing exclusively on mobile devices at launch, complete with an innovative system where each show was filmed and edited in both portrait and landscape formats, allowing it to be viewed in any orientation on a smartphone. There was no free option, outside of a lengthy free trial, and no TV apps until just yesterday, when the company launched apps for the Apple TV, Android TV, and Fire TV.

Read more: https://www.theverge.com/2020/10/21/21527197/quibi-streaming-service-mobile-shutting-down-end-katzenberg

[dawg day]

1. I'm imagining a junkyard with the hulks of tech companies that didn't stay the course--

Geocities...

Vine..

Lycos

Quibi..

[Polybius]

7. Lycos is still around

Excite might be too, loved that search engine.

[Ferrets are Cool]

2. I've heard of it, but a company can't make the big time if the masses don't know about it. IE, HULU.

This doesn't surprise me at all.

[bucolic_frolic]

3. Q-u-i-b-i is part of a g-l-u-t

There are dangers everywhere. Everyone is going to be rich from gold, crypto, streaming, stock trading, etailing, real estate rental properties. Meanwhile the only reason cash keeps flowing is printing money and asset inflation. Retail non-food is sputtering along. Restaurants? "Re-Opening August 19!" Still at half hours, not sure what to do about cold weather outdoor dining. Acrylic igloos popping up, with heaters and electrical and gas licensing. Yeah, those will be cheap.

[lonely bird]

5. Hey, just market your brand

Whatever the fuck that means.

I give the country 30 years, 50 max.

[nwliberalkiwi]

4. Meg

Meg Whitman another failure!!!

[Retrograde]

6. Just what I was thinking!

[PopsMouth]

8. So she's now free to join the Biden Administration

Some rumor mills have suggested that Biden is considering a few Republicans to be in his Cabinet.

[electric_blue68]

9. Aaaww, I loved the logo! (hey, graphic designer 😁)

[AllaN01Bear]

10. never heard of this outfit untill now .