News | Entertainment
29 Mar 2024 7:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Entertainment

    Quibi will officially shut down on December 1

    The streaming service only began operating six months ago in April this year, but announced this week it will be shutting down for good after failing to take off


    And now, a new statement from the company has confirmed the service will “end streaming on or about December 1, 2020”.

    The statement read: “Quibi has made the difficult decision to wind down. We anticipate that the service will end streaming on or about December 1, 2020. We appreciate the support we have received from our customers and want to thank you for giving us an opportunity to entertain you.

    “At this time we do not know if the Quibi content will be available anywhere after our last day of service. We recommend following #Quibi on Twitter for any news regarding content.”

    Quibi launched earlier this year will the premise of delivering original short-form programming via smartphones.

    The service had been successful in attracting celebrities to create shows for the platform - including Anna Kendrick’s ‘Dummy’, Chrissy Teigen’s ‘Chrissy’s Court’, and ‘Survive’, which starred Sophie Turner - but failed to get the viewer base needed to keep the service running.

    Speaking about the decision to shut down Quibi, co-founder Jeffrey Katzenberg said this week: “There was no question that keeping us going was not going to have a different outcome, it was just going to spend a whole lot more money without any value to show for it. So, out of respect for these people that put up this extraordinary amount of capital to do it, that’s irresponsible and we both felt we shouldn’t do it.”

    Whilst fellow co-founder Meg Whitman added: “We tried a lot of different things over the summer, whether it was payment-less free trial, 90-day free trial, 14-day free trial. We changed marketing around entirely to be more title marketing than platform marketing, which we made a lot of changes and we also you know, tried a completely different business model in Australia. And ultimately none of it really changed the fundamental answer, that we needed more capital and we needed more capital relatively soon.

    “Ultimately probably a couple weeks ago we said, you know, the right thing to do, the hard right but the right thing to do is to return cash to shareholders.”

    © 2024 Bang Showbiz, NZCity

     Other Entertainment News
     29 Mar: Steve Harvey could easily "get rid" of one of his daughter's boyfriends
     29 Mar: King Charles and Queen Camilla will attend the Easter Sunday service at Windsor Castle
     29 Mar: Bill Nighy thinks he could deliver a baby via caesarean section
     29 Mar: Paris Hilton created a "Barbie doll perfect life" persona as a "trauma response" to the alleged abuse she suffered at school
     28 Mar: Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was
     28 Mar: Mel B's fiance visited her father's grave to "ask permission" to propose to her
     28 Mar: Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money
     Top Stories

    RUGBY RUGBY
    The Crusaders' struggles to start Super Rugby have drawn concern from Chiefs coach Clayton McMillan More...


    BUSINESS BUSINESS
    Another pay offer is on the table for Police - after union members labelled the last one insulting More...



     Today's News

    Entertainment:
    Steve Harvey could easily "get rid" of one of his daughter's boyfriends 7:53

    Living & Travel:
    Dog owners are being reminded Easter egg hunts can be deadly for their pets 7:47

    Motoring:
    Christchurch Police have arrested three people, summonsed 11 others, and impounded 13 vehicles after the Chrome car show earlier this month 7:37

    Golf:
    To a Foxy-finish with a flourish on golf's PGA Tour.. 7:27

    Entertainment:
    King Charles and Queen Camilla will attend the Easter Sunday service at Windsor Castle 7:23

    Living & Travel:
    A reminder to pet owners this long weekend to take the safety of their pets seriously 7:17

    Entertainment:
    Bill Nighy thinks he could deliver a baby via caesarean section 6:53

    Law and Order:
    Police enquires are continuing in Auckland's Brown's Bay this morning after a person died after an incident at a sushi restaurant 6:27

    Entertainment:
    Paris Hilton created a "Barbie doll perfect life" persona as a "trauma response" to the alleged abuse she suffered at school 6:23

    Business:
    Another pay offer is on the table for Police - after union members labelled the last one insulting 5:17


     News Search






    Power Search


    © 2024 New Zealand City Ltd