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Sam Raimi

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Business & Lifestyle

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 […]

todayOctober 22, 2020 5

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