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Quibi On Pace to Fall Well Below 2020 Subscriber Goal (Report)

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The Wall Street Journal on Sunday.The service, which launched in early April with about $1.75 billion in funding, and a laundry list of stars signed on to make content, looks like it will finish 2020 with less than 2 million paying subscribers, one unnamed source told the WSJ — putting Quibi well below its target of 7.4 million subscribers by the end of the year.So far, Quibi has about 4 million downloads, according to Sensor Tower. (The company told The New York Times its download figure is closer to 4.6 million.) Many of the people initially downloading the app have been using a free 90-day trial; it remains to be seen how many of those early downloads will translate into paying customers.

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New York Coronavirus pandemic reports 2020
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