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10. The Death of Quibi
It was supposed to usher in a new era of mobile entertainment; it was going to be bigger than Netflix, than YouTube indeed, a bit of a combination of the two. Founder Jeffrey Katzenberg (of Disney and Dreamworks fame), along with most of the entertainment world, had high hopes for Quibi. The original $1 billion in funding came from investors like The Walt Disney Company, 21st Century Fox, NBCUniversal, and pretty much every big name in entertainment one can think up all for a platform that produced 10-minute clips that you could watch in portrait orientation. Six months after its April 2020 launch, however, it announced its closure proving that no one can really predict what will and won’t work in the world of streaming. ....

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