Quibi Confirms Shutdown Only Months After Launch

theplaylist.net:

Back in April, a little more than six months ago, everyone at Quibi thought they had the next big thing on their hands. The infant streaming service had earned $1.75 billion in capital and promised to revolutionize how people stream content, relying mostly on the idea that people want to watch “quick bite” content on their phones.

Now, half a year later, the service might actually shut down. READ MORE: ‘The Expecting’ Trailer: Mary Harron Directs Quibi’s Horror Series About A The World’s Worst Pregnancy According to a report from the Wall Street Journal, Quibi is reportedly considering the option of shutting down completely, after the monumental, highly-public failure to make good on its promises to be the next big streaming option..