Thursday, 5 March 2020
A new competitor is joining the overcrowded streaming landscape: Quibi, short for Quick Bits — a mobile-only app for short video content made specifically smartphones. The company recently raised an additional $750 million during its second round of funding, bringing its total so far to $1.75 billion just one month before its official launch on April 6. On the surface, Quibi looks ready to compete with the likes of Netflix, Disney, and Hulu. More realistically, it’ll be up against YouTube and TikTok, with 175 original shows made up of 8,500 episodes that will last 10 minutes or less. [Read: You’ll only be able to…
This story continues at The Next Web
