The short-form streaming service launched earlier this year and was, in some ways, positioned by its backers as the next big thing.
It will ultimately have been a short-lived, failed experiment and one of the first major casualties of the streaming wars.
Quibi launched with a $4.99 per month plan, which included ads, as well as a $7.99 plan without ads.
The service has failed to catch on in any meaningful way, which has proved to be financially challenging for the company.
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