Roku created its business solely as a hub for other streaming services, but has recently begun piling up content for its free Roku Channel. With the acquisition, Roku will acquire 75 staccato-style programs with some very big names attached. Idris Elba, Kevin Hart, Liam Hemsworth, Anna Kendrick, Nicole Richie, Chrissy Teigen and Lena Waithe have all been in Quibi shows. That includes more than 12 shows that never aired on Quibi before it was shuttered.
Quibi is in advanced talks to sell its content catalog to Roku, as the short-form streaming service winds down its operations following an unsuccessful run.
We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020′s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connections while bringing digital relationships to the fore. But for every life-changing Zoom, […]
The startup, headed by Jeffrey Katzenberg and Meg Whitman, promised short-form content designed specifically for mobile phones, and investors poured $1.75 billion into the idea. The duo’s instincts about what would sell proved wrong.
Quibi expects to shut down “on or about Dec. 1,” according to a new post on the mobile video startup’s customer service page. The message gives subscribers an update on the future of the app following the Wednesday announcement that it would be ceasing operations after failing to gain traction with users.
The demise of Quibi, the short-form video service led by Jeffrey Katzenberg and Meg Whitman, will cause complications for a wide range of TV partners who supplied new and often innovative programming to the streaming upstart, which promised to deliver top-quality entertainment in episodes that would last ten minutes or less. CBS News, NBC News, the BBC, Steven Spielberg, Guillermo del Toro, Kevin Hart, Queen Latifah and Chrissy Teigen were among the popular actors and media entities that latched on to the venture.
The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding,” its top executives, Jeffrey Katzenberg and Meg Whitman, bluntly declared in a letter posted online. The video platform — designed for people who were out and about to watch on their phones — was one of a slew of new streaming services started to challenge Netflix over the past few years, most of which were part of much bigger tech and entertainment companies, like Apple and Disney.
The streaming service is considering shutting itself down, according to people familiar with the matter, a move that points to a possible crash landing for a once-highflying startup that raised $1.75 billion in capital.
Streaming service Quibi is exploring several strategic options including a possible sale, according to people familiar with the situation, as the company founded by Hollywood mogul Jeffrey Katzenberg struggles to sign up subscribers in a competitive online-video marketplace.
Quibi CEO Meg Whitman will be speaking at the Democratic National Convention on Monday night. She’s one of four current or former Republicans who will be speaking at the convention this week.
NEW YORK (AP) — The Emmy Award nominations announced Tuesday included some snubs and surprises. THE FORCE IS STRONG WITH THIS ONE “The Mandalorian” — maybe thanks to Baby Yoda — snagged a surprising 15 nominations, mostly technical nods for things like production design, costumes, stunts, makeup and cinematography. But it also earned Disney+ a […]
Struggling startup mobile streaming service Quibi won an important court ruling Monday afternoon, when a federal judged denied a plaintiff’s request for a preliminary injunction of the platform’s core technology feature, Turnstyle.
A report from mobile analytics firm Sensor Tower paints a rough picture for the mobile streaming service Quibi. The firm found that at the conclusion of Quibi’s 90-day free-trial period that was available shortly after launch, 72,000 users continued to use the app out of a reported 910,000; that’s about an 8% conversion rate.
The new streaming platform has money and A-list talent, but it can’t get audiences to notice.
Jeffrey Katzenberg’s short-form content platform has struggled to make an impact with bad reviews, lack of interest and legal issues swirling.
Two veteran executives with contrasting styles are launching Quibi, an on-the-go streaming service, during a pandemic. Its success hinges, in part, on whether the duo can overcome their sometimes clashing styles and leverage their more than 80 years of combined business experience. At its current pace, Quibi will sign up fewer than two million paying subscribers by the end of the app’s first year, a person familiar with its operations said, well under its original target of 7.4 million.
Quibi is implanting pay cuts for senior executives as its two-month-old entertainment app struggles to catch on with viewers amid the coronavirus pandemic. Senior executives, including CEO Meg Whitman and Chairman Jeffrey Katzenberg, will take a 10% pay cut in an effort “to tighten our belt,” they wrote in a memo to staff on Wednesday morning.
Streaming service Quibi is beginning to feel the pinch of its lackluster performance since launching last month, as major advertisers seek to defer payments and the company looks to cut costs, according to people familiar with the situation.
Downloads of the $1.8 billion short-form streaming app, meant for phones, are paltry. “I attribute everything that has gone wrong to coronavirus,” Katzenberg said. “Everything.”
A Quibi attorney argued on Thursday that the company would suffer “immense harm” if forced to disable its Turnstyle feature pending the outcome of a patent lawsuit. Eko, a New York-based video company, filed suit in March, alleging that Quibi had stolen its method of rotating video between horizontal and vertical orientations. Eko is seeking an injunction that would force Quibi to disable the feature while the suit is being litigated.
Another top executive at Quibi has left the fledgling streamer: Megan Imbres, head of brand and content marketing, is leaving the company after a year in the role. Imbres, whose exit comes two weeks after Quibi’s April 6 launch, oversaw creative development for all of the short-form streaming service’s brand and content marketing executions, including its Super Bowl LIV ad.
That 1.7 million figure does not indicate how many people signed up for the app, which is offering an extended 90-day free trial. Once the trial ends, Quibi will cost $5 with advertising and $8 without advertising. CEO Meg Whitman said that the initial reaction “exceeded our plans and expectations.”
A federal judge says there’s “sufficient good cause” to hear plaintiff Eko’s request for an injection on May 4 instead of June 29.
Meg Whitman and Jeffrey Katzenberg’s Quibi — a snappy amalgam of “quick” and “bite” — is a mobile phone-only platform that will release its snack-sized installments of movies and TV shows each weekday. There will be seven-day-a-week dollops of news, sports and weather, gathered under the umbrella name Daily Essentials, all adding up to a mind-boggling 175-plus programs planned for this year. It launches Monday in the U.S. and Canada with a 90-day free trial and 50 programs.
Certain T-Mobile customers will get a free yearlong subscription to Quibi, the companies said Thursday, in a move that should boost early users of the ambitious streaming service debuting April 6 in a crowded streaming market. Under the deal, T-Mobile customers who have two or more voice lines with T-Mobile will get a free yearlong subscription to Quibi’s ad-supported tier, which normally will cost $4.99 each month (the ad-free version is $7.99). Interested T-Mobile customers can sign up between April 2 and July 7 to get the offering added to their plan for no additional cost for the first year.
The three new streamers are poised to premiere in a coronavirus-spurred moment of surging viewership. “This might be the most unique moment in history to launch a streaming service,” says one analyst, but economic realities may prove a harsh awakening.
Despite the broad and profound human and economic toll being exacted by the COVID-19 pandemic, the so-called streaming wars are going on as scheduled, at least for now.
Quibi founder Jeffrey Katzenberg says his and Meg Whitman’s new short-form mobile streaming service’s content is so good, there’s no way it can’t find an audience.
Digital video company Eko hit back against Quibi on Tuesday, accusing the upcoming mobile-only streaming app of infringing on its patented technology and misappropriating trade secrets. The Israeli company is essentially looking to bar Quibi, set to debut next month, from using video technology that underpins how viewers watch its shows.