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Streaming platform Quibi shutting down 6 months after launch
short by Pragya Swastik / on Thursday, 22 October, 2020
US-based mobile-focused streaming platform Quibi is shutting down just over six months after launch following lower-than-expected viewership and downloads. Led by Founder Jeffrey Katzenberg and CEO Meg Whitman, it offers shows in 5-minute to 10-minute 'chapters'. It raised $1.75 billion in pre-launch funding from major Hollywood film studios including Walt Disney.