Will Investors Learn From Quibi’s Failure?

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  • Author: The Hollywood Reporter - Movie News
  • October 24,2020

Will Investors Learn From Quibi’s Failure? Despite a treasure chest of talent and money, the mobile-first shortform video service Quibi is the first major victim of the streaming wars.

The company, which is shuttering on Dec. 1, touted $1 billion in funding, big-name executive talent like founder Jeffrey Katzenberg and CEO Meg Whitman and snackable projects with or from the likes of Liam Hemsworth, Lena Waithe, Jennifer Lopez, Idris Elba, Anna Kendrick, Guillermo del Toro, Don Cheadle, Antoine Fuqua and Sam Raimi. But that wasn’t enough to keep it going for more than seven months.

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