News | Entertainment
28 Nov 2020 3:57
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
     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
     27 Nov: Kelly Clarkson has hinted at a possible reason behind her split from Brandon Blackstock
     27 Nov: Dave Chappelle has urged fans to boycott his hit comedy series
     27 Nov: Bill Murray is mourning the loss of his older brother
     27 Nov: Rihanna has praised Adele for her "incredible" transformation
     27 Nov: Julia Louis-Dreyfus will reunite with the cast of 'Veep' for a virtual table read
     Top Stories

    RUGBY RUGBY
    Hawke's Bay have earned promotion into the 2021 Mitre 10 Cup Premiership, after defeating Northland 36-24 in the Championship decider in Napier More...


    BUSINESS BUSINESS
    Lines and lines and parcels galore ... Kiwi shoppers are embracing today's Black Friday sales. More...



     Today's News

    Rugby:
    Hawke's Bay have earned promotion into the 2021 Mitre 10 Cup Premiership, after defeating Northland 36-24 in the Championship decider in Napier 22:17

    International:
    Donald Trump has started the transition process. What's left for him to do before Joe Biden's inauguration? 22:17

    Cricket:
    The Black Caps hope the Pakistan cricket side adhere to their specific protocols for the remainder of their time in MIQ 21:57

    Entertainment:
    Kerry Katona lived on "tomato ketchup butties" as a child 21:44

    Law and Order:
    Indonesian Fisheries Minister Edhy Prabowo arrested over alleged lobster corruption 21:37

    Entertainment:
    The Duchess of Sussex thinks a compassionate attitude can help to heal heartbreak 21:14

    Entertainment:
    Kelly Clarkson has hinted at a possible reason behind her split from Brandon Blackstock 20:44

    Entertainment:
    Dave Chappelle has urged fans to boycott his hit comedy series 20:14

    Entertainment:
    Bill Murray is mourning the loss of his older brother 19:44

    Entertainment:
    Rihanna has praised Adele for her "incredible" transformation 19:14


     News Search






    Power Search


    © 2020 New Zealand City Ltd