“Katzenberg has told people in the industry that he may have to shut down the company” “important strategy meetings have been cancelled” “employees have informally been scheduling goodbye drinks”
Sources: Jeffrey Katzenberg tried to sell Quibi's catalog to NBCUniversal and Facebook, but both passed; Katzenberg told others he may shut down the company (The Information)
Appears Quibi is at the end of the line: “strategy meetings have been cancelled, according to two people familiar with the matter. Some employees have informally been scheduling goodbye drinks”
Quibi's days are numbered. Jeffrey has tried unsuccessfully to sell off Quibi's content library to NBCU and Facebook. He's admitted to people in the industry that he may have to shut down the company. w/
“Some employees have informally been scheduling goodbye drinks.”
Katzenberg May Shut Down Quibi as Options Run Short — The Information
📺 New: "Katzenberg has told people...he may have to shut down" Quibi. via
"Katzenberg has told people he may have to shut down the company."
"A value hypothesis addresses both the features and business model required to entice a customer to buy your product.” Andy Rachleff. Chamath Palihapitiya: “core product value is elusive and most products don’t have any.”
In a grim sign for Quibi, Katzenberg has sought to sell its catalog.