Taking too long? Close loading screen.
Connect with us

Tech

Is Quibi done for?

Published

on

Struggling streaming service Quibi’s days appear to be numbered. The mobile-centric platform, which burned through a mind-boggling amount of investor cash trying to strong-arm its way into the streaming wars, may be imminently shut down, according to numerous reports about co-founder Jeffrey Katzenberg’s failed attempts to salvage the company and its intellectual property.

How exactly Quibi bites the dust is still a bit up in the air, though. The Information reported on Tuesday that company executives are considering shutting down the whole operation, after Katzenberg tried and failed to sell some of Quibi’s programming to companies like Facebook and NBCUniversal.

The Wall Street Journal followed that up with a report that Quibi has hired a restructuring firm to explore all of its options, with a call with investors scheduled for sometime today to lay some out on the table. That includes selling the company to any would-be buyers, although reports have swirled for weeks now about Quibi’s failed attempts to court corporate buyers like Comcast to swoop in for the sale.

One thing is clear: Quibi is very likely on its deathbed, and the $1.75 billion Katzenberg and co-founder and CEO Meg Whitman raised from investors from some of the entertainment telecommunications industry’s biggest players will not have done much to save it.

Disclosure: Comcast, which owns NBCUniversal, is an investor in Vox Media, The Verge’s parent company. Vox Media also has a deal with Quibi to produce a show, and there were early talks about a Verge show as well.

Quibi can’t be accused of a lack of trying. The company hired many talented people to build its app, and then it hired many other talented people to make the stuff that would stream through it. But the central hook of Quibi — bite-sized entertainment for a generation of smartphone-toting millennials and teens on the go — appeared to falter when met with reality. Quibi’s success was surely not helped by the COVID-19 pandemic that kept everyone indoors and more glued to Netflix and other services better served on larger screens.

Yet, Quibi also never had a breakout hit on par with Netflix’s House of Cards that could help it capture the cultural zeitgeist of a society sheltering in place. And then the company stumbled when it came to adapting to pandemic habits, with Quibi slow to add critical features like the ability to capture and share screen grabs and videos from within its app — integral for capitalizing on meme-worthy moments — and launch a smart TV version of the service for watching beyond mobile. Quibi’s Apple TV, Android TV, and Fire TV apps just launched… yesterday, six months after the service first went live on mobile.

It’s not fair to say the platform was doomed to fail. There are many ways in which it could have conceivably succeeded. But the world is a very different place than it was before Quibi’s April launch, and it appears neither the entertainment industry nor viewers have much use now for a streaming service incapable of attracting any eyeballs.

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

Published

on

Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

Advertisement

Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

Advertisement


Source

Continue Reading

Tech

Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

Advertisement

That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

Advertisement

Grab this offer while it’s still around!


Source

Continue Reading

Tech

Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

Advertisement

You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

Advertisement


Source

Continue Reading

Trending