You can also watch a three-hour series by yourself. Quibi is a media company that develops media content designed for smartphones. (How’s that for stretching out a metaphor.). If you have any questions feel free to call us at 1-877-440-ZING or email us at [email protected]. As you’ve heard me say ad nauseam, one of key reasons people don’t like MVPD style pay-TV is they feel they’re paying Nordstrom prices for Kmart service—over $100/month for poorly designed, frequently baffling interfaces whose layouts make no sense and look like throwbacks to the year 1997. A daily collection of all things fintech, interesting developments and market updates. First, like any streaming service, Quibi is a subscription. Creatives got paid, rich people got less rich and more humiliated. She also said Quibi’s content, app design and user interface are “resonating with early users.”. Author of the best-selling "Over The Top: How The Internet Is (Slowly But Surely) Changing The Television Industry." As in how many couple do you know who’ve had a fight when one of them went ahead and binged a bunch of episodes of a series they were supposed to be watching together? Quibi costs $4.99 a month with ads and $7.99 a month without ads. My sister recently recommended a British series on Netflix called Collateral. View Quibi stock / share price, financials, funding rounds, investors and more at Craft. Vistas Media Acquisition (NYSE: VMAC) and CIIG Merger Group (NASDAQ: CIIG) both listed media as a target area but may not be big enough to acquire Quibi given its large prior funding amounts. Quibi too will likely live or die on the strength of its interface. People watch I’ve-got-some-time-to-kill video on mobile. Read Next: HBO Max Hits 28.7 Million Subscribers in Q3, Warner Bros. Revenue Down 28%, Deluxe Appoints Longtime Netflix Exec Anna Lee Chief Strategy Officer, Quibi Will Cease Service Around Dec. 1, Says It Doesn’t Know Whether Any Content Will Be Available Elsewhere Afterward, Sony PlayStation 5 Will Have a Remote, Apps for Netflix, Disney Plus, Hulu, Apple TV and More, said she doesn’t see the likes of Netflix, Hulu or Disney Plus, sold out its first-year ad inventory with $150 million in commitments, Matthew McConaughey Reveals He Was Sexually Abused as a Teen in New Memoir, Rudy Giuliani’s Compromising Appearance in New ‘Borat’ Film Raises Questions Ahead of Election, NBC News Says Tucker Carlson ‘Dangerously and Dishonestly Targeted’ Its Reporter, Ariana Grande’s New Album: Everything We Know So Far, How ‘Scream 5’ Directors Convinced Neve Campbell to Return to the Franchise Without Wes Craven, Lee Min Ho Among Six Cast in ‘Pachinko’ Series at Apple, Stephen Colbert Mocks Rudy Giuliani for Controversial ‘Borat 2’ Scene, ‘Battlestar Galactica’ Movie Lands Simon Kinberg as Writer, Producer, ’60 Minutes’ Will Run Trump Interview Sunday, Despite President’s Release of Footage, 'Never Have I Ever' Season 2 to Start Production in November (EXCLUSIVE), ‘Addams Family’ TV Reboot in the Works From Tim Burton, Horror Icons Jamie Lee Curtis and Neve Campbell Compare Notes on Their Reigns as Scream Queens, Tyler Perry on Producing During the Pandemic and Why He’s Weighing in on Politics, Netflix to Campaign Chadwick Boseman as Lead Actor for ‘Ma Rainey’s Black Bottom’, Elon Musk Sells the Gene Wilder House to Wilder’s Nephew, Five Exchanges That Defined the Final Debate of 2020. — Barry Petchesky (@barry) October 21, 2020. This came at a time when streaming companies like Netflix (NASDAQ: NFLX) and Disney+ (NYSE: DIS) were seeing huge spikes in subscribers and viewership. If I can binge watch an entire 15 episode series with nothing more than a quick fade-to-black every 12 minutes (a la Netflix, but with the option to skip both opening and closing credits) then that’s a pretty good viewing experience and I’m going to enjoy watching several episodes at a pop, maybe even all of them. On top of that, it’s paying a 20% profit margin to creators and studios, according to Whitman. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Earlier this year, Quibi said it had raised $500 million in follow-on funding but since then the round was upsized to $750 million. A month into its launch, Quibi had a reported 3.5 million downloads and 1.3 million active users.