Jeffrey Katzenberg Meg Whitman pandemic reports Quibi Streaming Wars Jeffrey Katzenberg Meg Whitman

Quibi Will Reportedly Spend $1 Billion By Q3 & Is Currently Seeking More Money

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Oh, Quibi. My dear, Quibi. Things aren’t looking so good, huh? With a decent, if not muted, debut during a pandemic and a marketing campaign that seems to have been, uh, not great, it appears that the fledgling streaming service is falling on hard times.

And according to a new report from the Wall Street Journal, times are just hard, but they’re pretty dire. The full report is a fascinating read, diving deep into the behind-the-scenes drama of the company, specifically with its two leaders, founder Jeffrey Katzenberg and CEO Meg Whitman.

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