Quibi will shut gravitating for gratifying "on or substantially December 1st," according to a new blog acquaint on the company's vinculum site. The agitprop comes one day afterwhile company feds described Quibi was shutting gravitating for good.
It's cryptic where Quibi's content will be awaited afterwhile the app shuts down. The company does recommend, however, post-obit the Quibi hashtag on Cheep for any news narrowly its library catalog. Beforehand today, co-founder Jeffrey Katzenberg told CNBC the company is currently trying to find buyers for its shows. It's cryptic how many of those shows Quibi owns the rights to, or for how long, however Katzenberg said he believes there are interested parties.
Quibi's feds are currently in the process of trying to wind gravitating the company and icon out how to get investors convey partage of their money. The company is conjointly still currently enmeshed in an ongoing lawsuit with Eko, whose institutor claims that Katzenberg's aggregation ripped off Eko's wakeful technology for Quibi's "Turnstyle" feature. Eko program to alimony the lawsuit hoopla despite the contempo announcements.
Over the last few months, it seemed like Quibi was doomed. Some people predicted Quibi would ultimately fail before the company well-heeled launched. Up until this week, Katzenberg, Whitman, and other feds at the company fought convey append those concerns. Ultimately, however, Quibi did fail -- here are 11 reasons why.
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