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The service raised $1.75 billion from investors. [1] It launched in April 2020, but shut down in December 2020 after falling short of its subscriber projections. [2] [3] [4] In January 2021, Quibi's content library was sold to Roku, Inc. for less than $100 million.
Oct 22, 2020 · The shortform video streaming service shut down after less than a year of existence, despite raising nearly $2 billion and hiring Hollywood talent. The Verge analyzes the factors that led to Quibi's demise, from terrible shows to bad marketing to internal conflicts.
Oct 23, 2020 · Quibi was a new service that offered short-form video episodes starring celebrities and filmmakers. It launched in April 2020, but shut down in October 2020 due to low subscriptions and competition.
Dec 5, 2020 · 5 December 2020. By James Clayton,North America technology reporter. Quibi/Getty Images. Quibi pulled the plug on its video-streaming service this week, capping an extraordinary year for the ...
Quibi is officially dead after launching during the COVID-19 pandemic and surviving just six months. On Wednesday, the company announced it was shutting down and informed employees that they...
Oct 21, 2020 · By Nicole Sperling. Oct. 21, 2020. Quibi, the beleaguered short-form content company started by Jeffrey Katzenberg and Meg Whitman, announced on Wednesday that it was shutting down just six...
Oct 22, 2020 · While it is impossible to pinpoint exactly why Quibi failed, several factors likely contributed to its downfall, including lackluster content, an inability to grow its subscriber base, and...
