After the flop: Quibi content can live on another service

Update (2020-01-04):

Just seven months after Quibi was launched with a bang, Jeffrey Katzenberg and Meg Whitman decided to shut down the streaming service on December 1.

Now reports The Verge that Roku is interested in getting used to the movies and TV series that have been on Quibi. In this way, the owners can get back some of the money they have invested in the service.

According to information, Jeffrey Katzenberg has previously tried to sell the rights to Facebook and NBC Universal, among others, but was met with a cold hand.


Previously (2020-10-21):

Quibi shuts down and thus becomes one of the most short-lived video services ever. Jeffrey Katzenberg and Meg Whitman announced the decision in an article on Medium.

The service was launched in April this year, shortly after many countries had introduced strict rules for how people can move outdoors in order to reduce the spread of the coronavirus. With a focus on mobile users and all content divided into short episodes, it was not easy for the newcomer to enter the market when people were forced to sit at home and could just as easily turn on the TV and Netflix or something else.

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The company will now be wound up and the remaining assets paid back to the investors, writes The Verge.