- The new streaming app Quibi has struggled since its April 6th launch.
- Quibi has raised $1.8 billion from investors and its led by former Disney chief Jeff Katzenberg and former HP chief Meg Whitman.
- Its goal is to provide short-form entertainment (5-10 min episodes) for people on the go.
- Despite featuring shows produced or starring JLo, LeBron and Chrissy Teigen, only 2.9 million people have signed up for Quibi’s free 90-day trial.
- Katzenberg blames coronavirus despite its positive impact on other video streaming services/apps.
