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Quibi Quibites the Dust: Why the Streamer Failed

Quibi Quibites the Dust: Why the Streamer Failed

Let’s start off with an important disclaimer. The end of any major company means the loss of jobs and livelihoods for many hardworking people. Hundreds of Quibi employees will likely soon find themselves out of a job amid a global pandemic and a grim economic environment in the United States. We wish them the best of luck in quickly finding gainful employment at other stable entertainment entities.

Having said that, Quibi is dead…Quibi is finally, blissfully dead. Undoubtedly the first big dud of the streaming era came to an ignominious end today when the Wall Street Journal reported that Quibi Holdings LLC will elect to shut itself down in the face of non-existent viewership, mounting debts, and a patent lawsuit or two.

Quibi had previously been searching for a buyer to take on all its assets (and its debt) but had already been turned down by Apple, WarnerMedia,

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