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Quibi Quick Bites the Dust

We hardly knew yi.

Anna Kendrick in Dummy, a Quibi show. Photo: Quibi

Well, well, well. Just over six months after it launched, short-form streaming service Quibi is shutting down, The Wall Street Journal reports. Founder Jeffrey Katzenberg, previously Walt Disney Studios chairman and DreamWorks CEO, told investors the news on October 21, according to Journal sources. “We’ll share a statement this afternoon. For now, we don’t have a comment,” a Quibi spokesperson told Vulture. A source also tells Vulture the company is holding an all-hands meeting at 6 p.m. ET on October 21. Katzenberg pulled the plug after a restructuring firm hired by Quibi recommended shutting down as an option earlier this week. That development came after Quibi floated a sale last month, also reported by the Journal.

Since its launch, the service dealt with…

Justin Curto

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