Surprise: Quibi is dead.
Quibi, a short form mobile-focused video streaming service that struggled to find an audience amid a global pandemic where many people are working from home, is shutting down, according to The Wall Street Journal.
Given the platform was available for only six months, this makes it one of the shortest-lived streaming services ever.
Several factors likely played into Quibi’s untimely demise, including that a mobile-focused streaming service doesn’t make sense when people are home, that none of its content was really compelling enough to attract returning subscribers, and the fact that you can watch short-form video content on platforms like YouTube and TikTok entirely for free.
It’s unclear what will happen to Quibi’s lineup of celebrity-filled content. The Information initially reported co-founder Jeffrey Katzenberg, who is also the former Walt Disney Studios chairman, attempted to sell Quibi’s content to Facebook and NBCUniversal, but ultimately failed.
- Quibi launched in Canada on April 6th for $6.99 per month for a subscription tier that featured ads and $9.99 per month to remove ads. The platform forged a partnership with Bell that included exclusive sports and news content from CTV News and TSN. Bell’s Quibi initiatives will likely be cancelled entirely. MobileSyrup has reached out to Bell for more information.
It’s also worth noting the report of Quibi’s shutdown comes just two days after Bell Media president Randy Lennox announced that he’s departing the company. Lennox was reportedly the driving force behind Bell’s investment in Quibi.
Quibi allowed viewers to watch content in both landscape and portrait mode. While the platform was initially off to a strong start, it struggled to keep subscribers around after it’s free trial ended. Some reports indicated that Quibi lost 92 percent of its early users following the end of the platform’s free trial.
The service eventually launched apps for Apple TV, Android TV and Apple TV, moving beyond its mobile-focused Android and iOS apps.
Notable content included Let’s Roll with Tony Greenhand, a show about a man that rolls ornate marijuana spliffs for celebrities, Bad Ideas with Adam Devine, 50 States of Fright, Chrissy’s Court with Chrissy Teigen and several more.
For a complete list of Quibi’s content, follow this link.
It remains unclear when Quibi will remain operational until or what will happen to users that have paid a subscription fee. MobileSyrup has reached out for more information from Quibi.
Source: The Wall Street Journal
