10/25/2020
Quibi's early exit doesn't mean that the content it created didn't have an audience. It means that even with 2 billion in funding and investment, an audience can still be hard to find.
Content is still king and queen, it just needs to find the right throne. Sometimes that means changing seats.
“We continue to believe that there is an attractive market for premium, short-form content. Over the coming months we will be working hard to find buyers for these valuable assets who can leverage them to their full potential.”
Quibi struggled to meet its subscriber goals, and only had about 500,000 as of a few weeks ago.