Quibi, the streaming agency based on former Disney executive Jeffrey Katzenberg, didn’t possess the introduction it had been awaiting.
After raising some $1.75 billion in shareholders, the firm launched at the center of the pandemic using reveals anchored by celebrities like Liam Hemsworth and Chrissy Teigen.
However, the notion, working from the crowded streaming marketplace, did not take off. News of the launching finally morphed into information of unsatisfactory subscription amounts, then into information of a possible sale, and into speculation which Katzenberg could shutter the program entirely.
After attempting and failing to market Quibi’s content catalogue to businesses such as NBCUniversal along with Facebook, Katzenberg is floating the concept of shutting the corporation’s doors, based on the Info . This comes after reports that the firm had contemplated tactical choices together using the likes of Walt Disney along with Warner Media on the opposing side of this desk.
Quibi hasn’t yet reacted to a request for comment, even although a spokesperson formerly dubbed reports of selling discussions since”speculation.”
Meanwhile, maybe Joe Biden’s presidential effort has also discovered that the rumors: Quibi CEO Meg Whitman is one of the titles under consideration for a cabinet position, based on Politico.
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