[ad_1]
Quibi, the streaming service based by former Disney government Jeffrey Katzenberg, is exploring a number of strategic choices together with a doable sale, the Wall Street Journal reported on Monday, citing individuals accustomed to the matter.
The firm can also be contemplating elevating more cash or going public by a merger with a particular objective acquisition firm, the report mentioned.
Quibi mentioned it doesn’t touch upon hearsay or hypothesis.
Katzenberg instructed Reuters earlier this yr the streaming service was downloaded greater than 2.7 million instances inside simply over two weeks of its launch in early April.
The video service, led by former Hewlett-Packard chief government officer Meg Whitman, prices $5 (roughly Rs. 400) a month with advertisements and $8 (roughly Rs. 600) with out them.
Quibi affords leisure and information in episodes of 10 minutes or much less on cellphones, with its programming that includes a big roster of A-list stars together with LeBron James, Chance the Rapper and Reese Witherspoon.
© Thomson Reuters 2020
Are Apple Watch SE, iPad eighth Gen the Perfect ‘Affordable’ Products for India? We mentioned this on Orbital, our weekly know-how podcast, which you’ll be able to subscribe to through Apple Podcasts, Google Podcasts, or RSS, obtain the episode, or simply hit the play button beneath.
[ad_2]
Source