Jill Goldsmith, Dade Hayes Jeffrey Katzeberg’s short-form video platform Quibi is exploring strategic options including a possible sale as it struggles to add subscribers in a highly competitive streaming landscape, according to a report in the Wall Street Journal Monday.Quibi launched in April in the midst of a pandemic with costly, high production value short content for cell phones as people were stuck in shelter at home mode.
The WSJ said Quibi is also considering raising additional cash or merging with a special purpose acquisition company, called a SPAC.A Quibi spokesperson said the company doesn’t comment on rumor or speculation, adding, “Quibi has successfully launched a new business and pioneered a new form of storytelling and.
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