Quibi’s Apple TV, Android TV, and Fire TV apps just launched... yesterday, six months after the service first went live on mobile. The mobile-centric platform, which burned through a mind-boggling amount of investor cash trying to strong-arm its way into the streaming wars, may be imminently shut down, according to numerous reports about co-founder Jeffrey Katzenberg’s failed attempts to salvage the company and its intellectual property. Vox Media also has a deal with Quibi to produce a show, and there were early discussions about a Edge show too. The major question is who, exactly, would be interested in acquiring the struggling Quibi venture, given its untested business model and weak subscriber traction to date.
A spokeswoman said, “We do not comment on rumor or speculation.”, In a statement, the company said, “Quibi has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform. Quibi is fighting Eko’s lawsuit, which it has called baseless. Now it’s dead, just six months after it debuted. As a way to quote use echo as a Bluetooth sidewalk bridge to help compatible devices automatically connect or reconnect to their router. The move grows the number of in house Xbox game development studios to 23, giving it control of some of the game industry's most popular franchises. At the Primetime Emmy Awards on Sunday, host Jimmy Kimmel roasted Quibi, calling it “the dumbest thing to ever cost a billion dollars.”, Pictured above: Meg Whitman, Jeffrey Katzenberg. Meanwhile, Quibi is the target of a lawsuit filed by interactive-video company Eko, which accuses Quibi of misappropriating trade secrets and infringing two patents. It’s unclear where Quibi’s … Prior to Quibi, she served as CEO of Hewlett Packard Enterprise and President and CEO for the Hewlett-Packard Company. But Who’s Buying? Set up new echo devices or locate items connected to the sidewalk. Quibi did not confirm or deny the Journal report. Earlier this summer, Quibi denied a report that it was planning to make layoffs. It is also considering raising more money or going public through a merger with a specially formed company that could help it fund deals, the report added, setting unnamed people familiar with the matter. Tech investors include China’s Alibaba Group. Quick bites of captivating entertainment, created for mobile by the best talent, designed to fit perfectly into any moment of your day. The Information reported on Tuesday that company executives are considering shutting down the whole operation, after Katzenberg tried and failed to sell some of Quibi’s programming to companies like Facebook and NBCUniversal.
That includes selling the company to any would-be buyers, although reports have swirled for weeks now about Quibi’s failed attempts to court corporate buyers like Comcast to swoop in for the sale.
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