quibi app: Quibi prepares to close down 6 months after launch – The Financial Instances Video

Shortform mobile-focused streaming service, Quibi is shutting a number of months after it was launched. In accordance with The Verge, the corporate has confirmed that it will be shutting down in a Medium put up from Jeffrey Katzenberg and Meg Whitman. It isn’t clear what is going to occur to the corporate’s lineup of pricey, star-studded authentic exhibits and short-form movies after the shutdown. Quibi, which raised $1.75 billion, will proceed to try to promote each the content material and the underlying know-how utilized in its apps within the coming months, nonetheless.

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