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Great news, Quibi officially shuts down, good riddance
Posted on 10/22/20 at 6:22 pm
Posted on 10/22/20 at 6:22 pm
The dumbest, stupidest, idea in the last 100 years of media. Who the hell would want to pay a monthly fee to watch short videos of 10 minutes or less on their smart phones only?! When you can watch a zillion youtube videos for FREE on your big screen or any device. Well, not many to be kind. A huge financial loss in the billions, only six months it lived. I knew it was not gonna work when its clap trap marketing face was shorts of Chrissy Tegren holding court, ala Judge Wopner.
This post was edited on 10/22/20 at 6:33 pm
11
Posted on 10/22/20 at 7:13 pm to Tidemeister
quote:
Among the initial investors were a who’s who of Hollywood studios: Disney, NBCUniversal, Sony Pictures Entertainment, Viacom, AT&T’s WarnerMedia, Lionsgate, MGM, ITV and Entertainment One (now part of Hasbro). Tech investors include China’s Alibaba Group.
That funding round was led by VC firm Madrone Capital Partners; other investors were Goldman Sachs, JPMorgan and John Malone’s Liberty Global. The Katzenberg-founded WndrCo investment vehicle also is a Quibi investor.
Posted on 10/22/20 at 7:16 pm to Tidemeister
quote:
Who the hell would want to pay a monthly fee to watch short videos of 10 minutes or less on their smart phones only?!
You realize that they introduced the ability to stream to your tv from your phone, right? About 3-4 months ago.
Posted on 10/23/20 at 12:50 am to Tidemeister
Maybe was a front/write off
Posted on 10/23/20 at 1:27 am to SEClint
Quibi sounds like an idea that would have come straight out of fictional company on parks an recs “entertainment 720” ??
Posted on 10/23/20 at 7:59 am to finchmeister08
quote:
You realize that they introduced the ability to stream to your tv from your phone, right? About 3-4 months ago.
We had a free 6 month subscription from T-Mobile, and never figured that part out.
Posted on 10/23/20 at 8:19 am to Tidemeister
RIP Reno 911
Posted on 10/23/20 at 8:45 am to Tidemeister
More arrogance from the class of self appointed elites.
Never saw it, but heard ads for it. Too hilarious.
" That's cute, YouTube, but wait until the public sees how the PROS do it!!! "
Waah waaah!
Never saw it, but heard ads for it. Too hilarious.
" That's cute, YouTube, but wait until the public sees how the PROS do it!!! "
Waah waaah!
Posted on 10/23/20 at 8:47 am to Tidemeister
quote:
Great news, Quibi officially shuts down, good riddance
Why do people give a shite whether new apps (that they're not going to use) succeed or fail?
Posted on 10/23/20 at 9:13 am to Fewer Kilometers
because people always have to have something to bitch about - even if it has absolutely no impact on their life on a daily basis.
Posted on 10/23/20 at 10:41 am to Fewer Kilometers
quote:
Why do people give a shite whether new apps (that they're not going to use) succeed or fail?
I think it's because a huge number of regular people reacted to the announcement with "WTF this is dumb we don't want this." And then it was pushed on them from all angles for weeks/months, including by media outlets. So when it finally crashed, as we all said it would, it's vindication for the public who were annoyed at being force fed a stupid idea by our "betters".
Posted on 10/23/20 at 10:54 am to AURaptor
quote:
More arrogance from the class of self appointed elites.
Who talks like this?
Posted on 10/23/20 at 10:55 am to Fewer Kilometers
quote:
Why do people give a shite whether new apps (that they're not going to use) succeed or fail?
I mean I didn’t jump for joy hearing they shut down but it is an interesting case of insane over confidence and a complete misunderstanding of their target market which resulted in some of the worst possible content created given how much money they threw at actors and directors
All that gets mixed in with some phoney wanna be Steve Jobs CEO types that we all love to hate just pouring gasoline on the dead carcass fire that was Quibi
Overall the story of Quibi is going to be a fun documentary one day to watch.
This post was edited on 10/23/20 at 10:58 am
Posted on 10/23/20 at 10:58 am to Tidemeister
quote:
Quibi
I've never even heard of it until now.
Posted on 10/23/20 at 12:29 pm to wildtigercat93
Quibi seems like the Fyre Festival of streaming content.
Posted on 10/23/20 at 12:43 pm to Tidemeister
I can't believe they didn't know this was a bad idea, because literally everyone else did.
Now, can we get a REAL Reno 911 reboot??
Now, can we get a REAL Reno 911 reboot??
Posted on 10/23/20 at 12:44 pm to Tidemeister
Their own people described it as a streaming service so you could watch an episode of a TV show "while you wait for your Uber to arrive".
Anyone shocked by its demise wasn't paying attention to the utter retardation of its basic premise, much less how much of a hole they dug themselves in by throwing money at fame whores like Chrissy Tiegen.
Anyone shocked by its demise wasn't paying attention to the utter retardation of its basic premise, much less how much of a hole they dug themselves in by throwing money at fame whores like Chrissy Tiegen.
Posted on 10/23/20 at 12:59 pm to TigerintheNO
Just a way for these groups
quote:to transfer Chinese money to these people
China’s Alibaba Group, VC firm Madrone Capital Partners; other investors were Goldman Sachs, JPMorgan and John Malone’s Liberty Global.
quote:without arousing suspicion.
Disney, NBCUniversal, Sony Pictures Entertainment, Viacom, AT&T’s WarnerMedia, Lionsgate, MGM, ITV and Entertainment One (now part of Hasbro)
Posted on 10/23/20 at 1:08 pm to TotesMcGotes
Exactly.
Posted on 10/23/20 at 1:25 pm to blackinthesaddle
quote:
Just a way for these groups to transfer Chinese money to these people without arousing suspicion.
Yea I'm sure that, in order to transfer Chinese money discretely, they started a major media endeavor with a lot of public attention and advertising and designed it to fail.
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