18 May Is Quibi the First Casualty of the Streaming Wars? [Bloomberg]
By Lucas Shaw
May 17, 2020 | Quibi is off to a rough start. Don’t take it from me, take it from Quibi’s co-founder, Jeffrey Katzenberg. The video app signed up fewer people than it expected in its first month, it failed to account for features those few users would want and it produced “daily essential” programs that are not essential.
In an interview with the New York Times, Katzenberg blamed Quibi’s poor start on the coronavirus. All I can say in response is: poppycock. (The Bloomberg terminal prohibits me from using the proper verbiage.)
Read more on Bloomberg.