Quibi is shutting down after just six months, the company confirmed on Wednesday. Founder Jeffrey Katzenberg and CEO Meg Whitman offered a “profound apology” to employees and investors in a public letter. “Quibi is not succeeding,” the letter said. “Likely for one of two reasons: because the idea itself wasn’t […]
The streaming service Quibi is shutting down, the company announced Wednesday night. The news was first reported by The Wall Street Journal. The mobile-video service launched in April but has failed to attract viewers, and none of its shows have become major hits. In an open letter to investors and […]
Jeffrey Katzenberg, the mind behind shuttering streaming service Quibi, is preceded by an impressive resume, from revitalizing Disney’s animation in the 1990s to cofounding DreamWorks. Katzenberg, 69, got his start in the mail room at Paramount Pictures, after dropping out of NYU during his first semester. He went on to […]
Jeffrey Katzenberg, cofounder of short-form video app Quibi, has blamed the app’s underwhelming performance wholly on coronavirus. In an interview with the New York Times, Katzenberg said “everything that has gone wrong” for the app – which was launched in April – is because of the virus. To date, the […]
Quibi, a streaming-video service that has raised more than $US1 billion in funding, is now available for preorder in app stores, as first reported by TechCrunch. The mobile-only app is expected to offer short-form video content and plans to officially launch in April. Quibi, short for “quick bites,” was founded […]
Quibi, the mobile-video startup that raised $US1.75 billion to revolutionise TV for smartphones, was supposed to be the next big thing in streaming. But it failed to find its niche and after a string of headaches announced it would shutter its service on December 1, eight months after it launched. […]
When they’re not busy ideating in Silicon Valley, tech execs like to settle down with a beach read. NBC reporter Dylan Byers rounded up book recommendations from tech CEOs in a summer reading list for his newsletter. Visit Business Insider’s homepage for more stories. For folks seeking an elevated beach […]
Jeffrey Katzenberg, the cofounder of DreamWorks...
Curious who had the best week? It was Steven...
DreamWorks Animation announced Tuesday that it...
Turns out DreamWorks Animation CEO Jeffrey Katzenberg didn’t want “Breaking Bad” to end, either. Variety reports Katzenberg offered to pay $US75 million for three extra episodes of the AMC series. While speaking to TV executives at the Mipcom mart in Cannes more than a month ago, Katzenberg said the footage […]
Things have not been great for Hewlett-Packard lately.
[credit provider=”Courtesy Gulfstream / AP / Getty Images”] We scoured the SEC filings of 15 biggest media companies, like News Corp. and Disney, to see which CEOs get the best perks in the form of private jets and other trinkets.One of them gets more than $1 million per year in company […]
[credit provider=”Getty Images, 401(K) 2012 / Flickr” url=”http://www.401kcalculator.org/”] Add another large donation to Jeffrey Katzenberg’s Motion Picture and Television Fund campaign. The MPTF announced producer Steve Bing will contribute $30 million to the fundraiser.
Yesterday, we told you who was coming to (and disinvited from) this year’s Allen and Co. schmoozefest in Sun Valley. Today, we, or rather Nikki Finke, tells you what Warren Buffett and Jeff Zucker will be doing when they’re not complimenting each other’s golf shirts:
Behind every 2012 presidential candidate, there is a millionaire or billionaire holding the purse strings to the campaign’s war chest.
DreamWorks CEO Jeffrey Katzenberg is selling one of two properties he owns in Beverly Hills for $9.4 million, Realtor.com reports (via the Real Estalker).