After announcing plans to shut down yesterday, Quibi has confirmed its ‘last day of service’.
The platform is closing after just six months, having failed to hit subscriber targets. It first launched in April with an investment of $2billion (£1.5billion).
According to an ‘end of service announcement’ on Quibi’s FAQ page, it has ‘made the difficult decision to wind down’ on December 1.
It reads: ‘We anticipate that the service will end streaming on or about December 1, 2020. We appreciate the support we have received from our customers and want to thank you for giving us an opportunity to entertain you.’
Jeffrey Katzenberg and Meg Whitman were the driving forces behind the service, which specialised in short-term video exclusively on mobile and tablet devices.
Seven million people signed up to the service in the first few weeks of launching, but there are currently just 500,000 paying customers using Quibi.
Around 200 Quibi employees were informed of the news that the service was shutting on Wednesday.
It also means that the future of Quibi’s original programming has been put in doubt. Unless the Katzenberg and Whitman can find buyers for the platform’s shows, December 1 might be the last chance fans have to see them.
One of the most popular shows on the platform was Liam Hemsworth’s Most Dangerous Game, an action thriller which focuses on a man with a terminal illness who agrees to be hunted as part of a violent game to provide for his pregnant wife.
Other shows include MTV’s Punk’d with Chance the Rapper, a remake of The Fugitive with Kiefer Sutherland, the Anna Kendrick comedy Dummy, Sophie Turner drama series Survive and Chrissy Teigen’s Chrissy’s court.
It’s currently unclear whether fans of the shows will get the chance to see them after December 1, with the announcement reading: ‘At this time we do not know if the Quibi content will be available anywhere after our last day of service.
‘We recommend following #Quibi on Twitter for any news regarding content.’
Credit: Original article published here.