After nearly seven months, Quibi to cease operations
LOS ANGELES -- Quibi, a short-form entertainment content streaming service, announced Wednesday that they will be shutting down some seven months after its public launch. A Wall Street Journal report states that amid mounting problems, the service has opted to shut itself down. Thus ends a year full of high-flying expectations for the entertainment start-up that raised $1.75 billion in capital. Founders Jeffrey Katzenberg, a film producer, and former Hewlett Packard CEO Meg Whitman, issued a public statement that the […]
