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The grand ambitions of the new Quibi video service quickly exploded in the coronavirus crisis. After a month, the app has 1.3 million active users and 3.5 million downloads in total.
“That’s not all we wanted,” co-founder Jeffrey Katzenberg, a former Disney studio chief, told the New York Times Tuesday night. He sees Quibi as a victim of the current crisis: “I attribute everything that went wrong to the corona virus. Everything.”
Parenting was already a full-time job. Now it is much more. #TheNod talks about childcare during COVID: https://t.co/GBumk6KD5f pic.twitter.com/wzGGpWJmfQ
– quibi (@Quibi) May 11, 2020
Katzenberg had established Quibi alongside former eBay chief Meg Whitman, and, according to media reports, raised around $ 1.8 billion as seed capital. The money came from Hollywood studios and Chinese online giant Alibaba, among others. The app is initially only available in the US. USA
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