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Quibi Is Shutting Down For Good

Quibi Is Shutting Down For Good

Quibi is officially shutting down.

A new report from the Wall Street Journal says that the short-form mobile video startup is being shuttered by Jeffrey Katzenberg and Meg Whitman after bringing in $2 billion in capital.

The streaming service launched in April of 2020 amid the Coronavirus pandemic. Shows involved in the startup included Dummy with Anna Kendrick and a remake of The Fugitive with Kiefer Sutherland.

Apparently there was an attempt to sell the company to Apple, WarnerMedia and Facebook but all three rebuffed the offer.

The last Quibi news we have is from August when they were still going full steam ahead.

WHAT DO YOU THINK about Quibi shutting down for good? Sound off in the comments with your thoughts.

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Photos: Quibi
Posted to: Quibi

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