Quibi on Pace to Hit Less Than 30% of Year-One Paid Subscriber Goal (Report)

Plagued by struggles since it launched, Quibi is on pace to only hit 30% of its goal for subscribers in its first year

Katzenberg has blamed Quibi’s disappointing results on the COVID-19 outbreak . More recently, the company said the slowing number of app downloads also is partly the result of “its decision to reduce its marketing in light of protests sweeping across the U.S. following the killing of George Floyd,” according to the Journal report.

— a critical missing piece, especially during stay-at-home quarantines. The company scrambled to add support for Apple’s AirPlay and Google’s Chromecast . But those moves might be too little, too late.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Variety /  🏆 108. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quibi is Jeffrey Katzenberg's vision, he has close control over shows - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »

Quibi is Jeffrey Katzenberg's vision, he has close control over shows - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »

Comcast's Sky Says All Its U.K. Originals Are Now Carbon NeutralSky said it received the carbon neutral certification for all its 41 U.K.-commissioned originals in the latest calendar year, including such hits as Chernobyl and Brassic
Read more »

Liam Payne Celebrates His Decade-Long Career With Throwback PicLiam Payne remembered the first time he hit the X Factor stage and started his pop star journey 10 years ago for a tribute post he shared yesterday (June 14).
Read more »

Quibi is Jeffrey Katzenberg's vision, he has close control over shows - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »