The short content platform Quibi did not last long

The Quibi streaming platform is already closing its doors -

Six months after its launch, Quibi is already withdrawing.

“We have this feeling that we have tried all the options.

As a result, we came to the decision to stop the business, return the cash to investors and say goodbye to our colleagues, ”said one of the two creators of the platform in a statement.

Available only on mobile, Quibi was characterized by its short content: mini-series, short films and innovative formats intended for mobile consumption.

Launched in full containment, the platform has not really aroused public attention.

It also did not have any major license to attract new customers since it relied only on content specifically created for the platform.

Content soon to be orphaned

In its press release, the company explains that its model was not reliable, pointing out that the short content was not sufficient to justify joining the service.

Service subscribers will soon be informed of the app's closing date.

As for the content, Quibi is currently looking for a buyer.

Apple and Facebook in particular, have declined to buy the content of the platform.

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