Quibi was one of the buzziest startups of 2020. It raised $1.75 billion and had lined up A-list actors and producers for its content. The short-form streamer was the brainchild of storied executives Jeff Katzenberg and Meg Whitman. So why did it fail so quickly? On this installment from our new "dot.LA Explains" series, host Kelly O'Grady goes through five reasons experts say Quibi failed.
Key takeaways:
- Consumer demand for highly produced short-form content is slim
- Launching during the pandemic was terrible timing
- Celebrity driven content did not resonate with audiences
- Quibi lacked a breakout hit show
- The inability to share content on social media hurt Quibi's potential to create buzz
Why Did Quibi Fail? www.youtube.com
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