News | Entertainment
28 Nov 2020 8:41
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • 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.”

    © 2020 Bang Showbiz, NZCity


     Other Entertainment News
     28 Nov: Lorde is releasing a book about her trip to Antarctica
     28 Nov: Jordyn Woods believes "everything is a learning lesson"
     28 Nov: Meghan Trainor has been craving ice cream and candy since becoming pregnant
     28 Nov: Jeannie Mai is feeling "really frail" after undergoing emergency surgery
     28 Nov: Mariah Carey doesn't care if people mock her love of Christmas
     27 Nov: Kerry Katona lived on "tomato ketchup butties" as a child
     27 Nov: The Duchess of Sussex thinks a compassionate attitude can help to heal heartbreak
     Top Stories

    RUGBY RUGBY
    A sigh of relief from Hawke's Bay coach Mark Ozich at the conclusion of the Mitre 10 Cup Championship final More...


    BUSINESS BUSINESS
    This year's Black Friday sales are breaking the record books More...



     Today's News

    Rugby:
    A sigh of relief from Hawke's Bay coach Mark Ozich at the conclusion of the Mitre 10 Cup Championship final 8:26

    Cricket:
    The West Indies are ruing poor a bowling performance in the opening twenty20 against the Black Caps in Auckland 8:16

    Rugby:
    Kiwi golfer Sam Jones is hopeful his misfiring swing can do enough for his team in today's men's Interprovincial golf Championships in Auckland 8:16

    Entertainment:
    Lorde is releasing a book about her trip to Antarctica 8:14

    Basketball:
    A big fourth quarter has propelled the Capital Swish to victory in the the National Basketball League 8:06

    Politics:
    As coronavirus cases flared up in some cities, China implemented a tough approach. But many worry the threat lies outside the country 8:06

    Business:
    This year's Black Friday sales are breaking the record books 8:06

    Environment:
    Researchers are hoping some Kaka birds that seemingly disappeared eventually resurface 8:06

    Living & Travel:
    A dog has stopped Formula One in its tracks during the second practice session ahead of the Bahrain grand prix 7:56

    Business:
    A new support initiative hopes to bridge the connection between hospitality workers and businesses 7:46


     News Search






    Power Search


    © 2020 New Zealand City Ltd