Quibi Is Officially Shutting Down, Selling Off Assets

Furthermore, Katzenberg and Whitman have stated that they continue to believe in the content Quibi produced and expressed their hope that the shows will resume on someone else’s platform, moving forward. As it stands, Quibi will continue to navigate hurdles as the company is currently engaged in a patent lawsuit with video technology firm Eko. The lawsuit, filed earlier this year, claims that Eko should get credit for the company’s video-streaming technology that allows viewers of cell phone video to switch between landscape and portrait mode.

Since its launch, Quibi has offered a vast range of original content, featuring talent that includes Zac Efron, Reese Witherspoon, Chrissy Teigen, Sophie Turner, Liam Hemsworth, Chance the Rapper, and more. But unfortunately for the streamer, its selection was limited to mobile-only when it launched during quarantine, and many viewers were frustrated by their inability to watch Quibi’s shows on their TVs. Now, it remains to be seen what will become of the stack of original goods Quibi once offered now that the short-form streaming service is shutting down.

Source: The Wrap

Originally from https://screenrant.com/quibi-shutting-down-streaming-service-selling-assets/

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