Jeffrey Katzenberg (former head of Disney Studios) and Meg Whitman (former CEO of Ebay) wanted to combine the best of Hollywood and Silicon Valley with short films for smartphones. Whether the idea was too weak, the implementation not well thought out, the competition too strong or simply the wrong time, ... after only half a year, the video service Quibi throws in the towel again. A proud 1.75 billion dollars have been raised for the project, and the remaining 350 million are to be paid back to investors, according to the founders.
