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Quibi is shutting down, a flameout less than 7 months after launch – CNET

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https://www.cnet.com/news/quibi-is-shutting-down-meg-whitman-jeffrey-katzenberg-shows/

Sarah Tew/CNET

Quibi doesnt own the programming on its service, according to reports. Under creator-friendly deals, many of its programs were made on Quibis cent, and then Quibi certified the programs for a two-year unique period. After 2 years expired, Quibi could keep streaming that programs on its service, but the creator could distribute the show elsewhere, under almost any terms.Its unclear if the two-year unique period for Quibi would still be enforceable as soon as Quibi shuts down.

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Wednesday, a spokesperson once again decreased to define how long the service will be offered. Quibi had currently scheduled new shows to premiere next month: The second season of prank reveal Punk d, its most popular title at launch, was set to come out Nov. 16.

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Quibi had actually already arranged new programming to premiere next month: The 2nd season of trick reveal Punk d, its most popular title at launch, was set to come out Nov. 16.” Quibi was a big concept, and there was no one who desired to make a success of it more than we did,” Whitman and creator Jeffrey Katzenberg said in a joint open letter. Quibi does not own the programs on its service, according to reports. Under creator-friendly offers, numerous of its programs were made on Quibis penny, and then Quibi licensed the shows for a two-year unique duration. After two years expired, Quibi could keep streaming that shows on its service, but the developer might disperse the show in other places, under almost any terms.Its uncertain if the two-year special duration for Quibi would still be enforceable once Quibi shuts down.

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