After just 7 months, the short-form streamer's missteps are finally catching up. The Wrap is reporting that Quibi might shutter after only seven months in operation. They are gathering the executives to break the news and will return what's left of the initial investor money. Quibi was a big swing that felt like it suffered not only from the pandemic but from not understanding people want entertainment they can watch anywhere. As the article goes on to say, "A knowledgeable individual told The Wrap that Katzenberg has been trying to sell the content to other distributors in recent weeks, without success, largely because of the short-form serial format. “The content has to be re-edited to be legitimate,” said this individual. "It’s designed to have 10-minute breaks for commercials." Time will tell if places like YouTube or other streamers take a chance on the shows. So why is it shutting down? Read More...
Published By: NoFilmSchool - Wednesday, 21 October, 2020