Goodbye from Quibi note, they still blamed the pandemic but sort of admitted the concept wasn't good enough to launch the service

And yet, Quibi is not succeeding. Likely for one of two reasons: because the idea itself wasn’t strong enough to justify a standalone streaming service or because of our timing.

Unfortunately, we will never know but we suspect it’s been a combination of the two. The circumstances of launching during a pandemic is something we could have never imagined but other businesses have faced these unprecedented challenges and have found their way through it. We were not able to do so.

Which brings us to this moment. As entrepreneurs our instinct is to always pivot, to leave no stone unturned — especially when there is some cash runway left — but we feel that we’ve exhausted all our options. As a result we have reluctantly come to the difficult decision to wind down the business, return cash to our shareholders, and say goodbye to our colleagues with grace. We want you to know we did not give up on this idea without a fight.

Our goal when we launched Quibi was to create a new category of short-form entertainment for mobile devices. Although the circumstances were not right for Quibi to succeed as a standalone company, our team achieved much of what we set out to accomplish, and we are tremendously proud of the award-winning and innovative work that we have produced, both in terms of original content and the underlying technology platform. Over the coming months we will be working hard to find buyers for these valuable assets who can leverage them to their full potential.

 

"The circumstances were not right - for one thing, there was a pandemic, and also a relatively unknown upstart named 'Your Tube' or something to that effect cut into our market share somehow."

I'd congratulate Katzenberg et al on a successfully navigated investor con but I suspect they just cost a bunch of people at other companies they tricked into pivoting their health insurance.

 

In an alternate, pandemic-free timeline, Quibi is the biggest hit since YouTube

 

The kids are constantly going around talking about Q score, which is of course the social value all people now assign to each other based on how much Quibi Qontent they have Qonsumed. It has replaced most cruder forms of interaction. Drug problems have evaporated as people realize the most natural high there is is sweet, sweet Quibi videos. World peace talks are underway as a particularly amusing Will Farrell sketch comedy series has convinced all groups to set aside their differences. "It's just so funny that he plays an adult that still has many child-like attitudes," said the former head of ISIS as he voluntarily gave himself up to the United Nations.

 

But where oh where shall I get my quick bites of content now??

 

Where does everyone think the Quibi content will end up?

 

YouTube?

 

WWE will probably put it's stuff on the WWE Network.

 

My assupmtion was Youtube as well, but from the article I read, it sounds like Quibi is going to try and sell it since they own the rights to the content. Will Youtube really buy it? Also since the company is ending, who does ownership fall to? It makes sense if the WWE stuff goes to the WWE Network, but will they have to pay for it or will ownership default to them?

 

Speculating really wildly just knowing how WWE has historically approached these sorts of deals, Quibi probably paid WWE to make stuff for them. If I'm Quibi in that situation, I demand ownership, maybe WWE has to agree to future ownership transfers or whatever. So then Vince has to buy it back if he wants it, and because it's Vince he'll wait until the price drops. Which it might, because while Quibi is probably obligated by some contract stuff or whatever to try and look for buyers, I'm not so sure there are any.

Unless YouTube Red has secretly been this tremendous success or something in the background.

 

You have a lovely sense of humor

 

Where I always got them... YouTube.

 

Quibi postmortem article here but interesting note about who gets what and when, I'm just even more confused now from this bit

The founder and CEO say they plan to sell rights to the programming. It’s complicated, however. They can sell the programming to a streamer after two years but all rights revert back to the content creators after seven years.

 

So... they definitely won't be selling anything.

 

Good, I want an easy way to watch some ATV+ when I inevitably get a month free just so I can binge then cancel

 

Awwwwwwwwwww.......

Now we won't get that much-anticipated David S Pumpkins special on ATV+

 

The David S Pumpkins special is okay but the original Haunted Elevator skit is still a straight up classic. It's fun to watch 22 minutes of it though as it's basically a Christmas special except David S Pumpkins.

I noticed the PS4 video app got a few updates, Disney Plus suddenly looks better (After updating like daily on September), it has Crave now and Apple+ will hit it as well with the PS5 update (I have apple+ installed on Amazon Firestick but now with Apple+ and Crave on PS4 my firestick became suddenly more useless). Since the PS5 has a remote that has Netflix and DisneyPlus built into it it's likely they're updating all the playstation video apps for PS5 launch.



https://blog.playstation.com/2020/1...p-entertainment-streaming-apps-coming-to-ps5/

When I get a ps5 (circa probably 2022 summer hahahah) definitely getting this. PS3 had an official Sony remote but PS4 I had to use technically a bootleg remote (Which works pretty solid) but yay remote, I hate using my game controller to watch videos for some reason hahahah

 

Yeah I preordered this media remote with my PS5. I missed the one the PS3 had for sure.