Quibi’s investors want their money back
Hi! Welcome to the Insider Advertising daily for October 23. I’m Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every …
Quibi’s content failed to hook viewers and convince them to pay. Insiders said Jeffrey Katzenberg had close control of many programming decisions.
Quibi, the mobile-video startup that raised $1.75 billion from backers like Alibaba Group, JPMorgan Chase, and Disney, is folding six months after debuting its subscription service. The Jeffrey Katzenberg-founded startup …
Verizon brings Smithsonian artifacts into AR, invites teams to redefine museums
Museums shuttered by the COVID-19 pandemic are facing an existential crisis, seeing their revenue disappear as otherwise supportive patrons are forced to stay at home. Today, Verizon announced two initiatives …
Quibi’s star-studded shows cost the startup up to $100,000 per minute to make
Quibi’s content production cost the startup up to $100,000 per minute. While production costs range platform to platform, Quibi’s $100,000 per-minute budgets were largely in line with high-end streaming and …
HBO Max hits 28.7M subscribers in Q3, but few are over-the-top
AT&T painted a rosy picture of HBO Max adoption during the company’s earnings report on Thursday. Despite not being available on Roku, one of the top streaming platforms in the …
Facebook’s long-delayed content removal Oversight Board is now accepting appeals
(Reuters) — Facebook’s Oversight Board, which can overrule the company’s decisions on whether content should have been removed, said on Thursday it was now accepting cases for review. The long-delayed …
‘Biden can fix this mess’: Dozens of major news outlets have endorsed Joe Biden for president
Democratic presidential nominee Joe Biden has received dozens of endorsements from news outlets. President Donald Trump, however, clinched the backing of only two major newspapers. Such endorsements have typically been …
Shonda Rhimes said she left ABC after an exec told her she was asking for too much
Record breaking TV producer and screenwriter Shonda Rhimes made a splash after she left ABC and signed a multimillion deal with Netflix in 2018 — and she recently revealed her …
Hollywood-backed streaming service Quibi to shutter 6 months after launch
(Reuters) — Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The …
4 quick bites and obituaries on Quibi (RIP 2020-2020)
A new entry in the greatest collapses of startups ever In memory of the death of Quibi, here’s a quick sendoff from four of our writers who came together to …