Quibi streaming service to shut down

San Francisco (AFP) – Short-form streaming service Quibi announced Wednesday it is pulling the plug on the platform aimed at smartphone users hungry for entertainment on the go.The brainchild of Hollywood powerhouse Jeffrey Katzenberg, Quibi launched in April with content tailored for busy people just as the pandemic compelled them to slow down and stay in.”Quibi was founded to create the next generation of storytelling,” Katzenberg said in a release.”The world has changed dramatically since Quibi launched and our standalone business model is no longer viable.”Katzenberg reportedly tried to se…

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