Quibi was a $2 billion bet from Jeffrey Katzenberg and Meg Whitman that shortform video streaming would work. After less than a year of being on the market, the company has shut down. Here are 11 reasons why that happened.
Defunct streaming service Quibi has settled a lawsuit alleging its signature video-flipping technology was stolen. Variety reports that per the terms of Turnstyle was one of Quibi’s biggest selling points.
Quibi s zombie corpse rises again to claim eight Emmy nominations theverge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theverge.com Daily Mail and Mail on Sunday newspapers.
The State of OTT 2021
One of the most-used phrases of 2020 went along the lines of, COVID-19 accelerated remote/streaming/cloud trends already in play. Far and away the biggest impact on media and entertainment was the rocket that the pandemic put under streaming video and the almost overnight pivots that media organizations made to keep pace.
With nowhere to go but home for large parts of the population for most of the year, coupled with a related stoppage of live events, audience-based TV shows, and virtually all cinema distribution, we escaped to video on demand (VOD). Linear TV viewing also rose, it s true, but the existing fault lines between pay TV/broadcast and streaming services became chasms.