“The world has changed dramatically since Quibi launched and our standalone business model is no longer viable,” Katzenberg said.
Jeffrey Katzenberg and Meg Whitman’s $1.75bn shortform content network Quibi is shutting down.
The fall of Quibi: how did a starry $1.75bn Netflix rival crash so fast?
“I am deeply grateful to our employees, investors, talent, studio partners and advertisers for their partnership in bringing Quibi to millions of mobile devices.”