I saw many commercials for it but never got around to trying it out.
- Last month, the Wall Street Journal reported that Katzenberg was exploring “strategic options” for Quibi, including a potential sale. Katzenberg pitched a sale of the company — which has about 500,000 paying customers — to Apple, WarnerMedia and Facebook but was rebuffed, The Information reported earlier this month. Katzenberg also struck out in his attempt to sell Quibi’s programming rights to companies including NBCUniversal and Facebook, per The Information’s story this week. NBCU was “put off by the fact that Quibi doesn’t own many of the shows it puts on its platform,” according to today’s Journal article.
Actually, Quibi doesn’t own any of the big-budget premium content for which it has shelled out upwards of $100,000 per minute. The company has seven-year licenses on its short-form series; after two years, content owners have the right to assemble the shows and distribute them elsewhere.