Quibi has officially closed down just eight months after the app launched with the promise of revolutionizing the subscription streaming video market. The brainchild of Hollywood powerhouse Jeffrey Katzenberg stopped being operable as of Tuesday, with any loyal users the app once had now unable to log in or access its ‘on the go’ content. Katzenberg told staff back in October the entertainment startup that had raised $1.75 billion in capital would shutter after it failed to make waves following its April debut. While executives have blamed its flop on the coronavirus pandemic, the firm has been plagued with issues since the get-go, with reports surfacing in June of a feud between Katzenberg and CEO Meg Whitman as far back as 2018. Quibi has officially closed down just eight months after the app launched with the promise of revolutionizing the subscription streaming video market Quibi’s website is still up and running and the app will remain on consumers’ smartphones until they delete it but viewers trying to access the app and content will find themselves coming up against an error message and unable to log in from today. Katzenberg announced in October the board had taken the difficult decision to wind down operations… Read full this story
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