Quibi streaming service to shut down

San Francisco (AFP) – Quibi on Wednesday announced it is pulling the plug on the “quick bites” television service aimed at smartphone users hungry for entertainment on the go.The brainchild of Hollywood powerhouse Jeffrey Katzenberg, Quibi launched in April with short-form video entertainment tailored for smartphone users on the go just as the pandemic compelled people to stay close to home.”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…

Read More

HEDGE accordingly