FAILDEX失樂園
中文

Quibi

The business, the turning points, and the decisions behind them.

Founded2018
Event year2020
FundingUS$1.8B
ValuationUS$1.8B
Cash burnedUS$1.8B

01 / WHAT IT BUILT

What the company did

Quibi offered paid streaming shows in short episodes designed primarily for viewing on phones.

02 / Quibi FAILURE REASONS

Failure reasons

Its founders said demand might not justify a separate subscription service and that launch during the pandemic may have been poorly timed; they believed both contributed but did not claim to isolate their effects. The service failed to gain sufficient consumer traction in a crowded viewing market.

03 / EVENT HISTORY

Events in the structured record

  1. Streaming service launched

    The service launched in April.

  2. Wind-down announced

    In October founders announced a wind-down; streaming was scheduled to end around 1 December, not on the announcement date.

  3. Programme rights sold

    Roku acquired rights to the programming in January. This was a content-rights sale, not continuation of the Quibi service.

04 / CONTEMPORARY REBUILD ASSESSMENT

Difficulty of rebuilding this project today

Material for this section is being gathered and checked. It will appear here once ready.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN

How the factors connect

  1. 01

    Separate short-video subscription faced weak adoption

  2. 02

    Founders cited product proposition and pandemic timing

  3. 03

    Wind-down announced

  4. 04

    Streaming ended and programme rights later sold