Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. Being stuck at home made TV more desirable than watching on a phone, and Quibi only later and slowly rolled out TV options. "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,” Katzenberg and Whitman wrote. Mobile research firm Sensor Tower estimates 9.6 million installations of Quibi’s mobile app since its launch; that doesn’t mean those are actually users. Other streaming services have benefited from having customers stuck at home during the pandemic.

Binge-watching we all love to do it but sometimes we don’t have hours and hours to sit through our favorite shows. That’s where Quibi comes in. It’s a new streaming platform that brings you entertainment in under 10 minutes,Quibi’s founder, Jeffrey Katzenberg, joined Jason Carr via Skype to talk all about it. He is best known for starting the studio Dreamworks and he was chairman for Walt Disney Studios during the company’s 1990s renaissance. For Quibi, Katzenberg tapped into all of his Hollywood connections and got some big names on the new platform.

LOS ANGELES, Calif. - "60 Minutes" is the latest big name news brand to partner up with Quibi -- the upcoming and much-discussed short-form streaming service from Hollywood and Silicon Valley giants Jeffrey Katzenberg and Meg Whitman. CBS News and Quibi on Tuesday announced a licensing agreement that will bring a new news show called "60 in 6" to the streaming service. Each episode of the weekly series will be six minutes in length and will include a "wide range of compelling stories," according to the network. The new ESPN Quibi show will feature "daily episodes and breaking news covering the biggest stories in sports," the network said Monday. Quibi, which stands for "Quick Bites," will offer videos that are 10 minutes or less in length and created for viewing on mobile phones.