3 Reasons Snap Investors Shouldn’t Fear Quibi
Quibi, the video streaming service founded by media mogul Jeffrey Katzenberg in 2018, will launch on April 6 and offer ten-minute videos that can be viewed both vertically and horizontally. Unlike Netflix and other video services that stream content on TVs, Quibi only streams its content on mobile devices.
Quibi has raised over $1.4 billion from tech and media giants like Disney, Comcast's NBCUniversal, AT&T's Time Warner, Sony, and Alibaba. It even bought ads during the Super Bowl and Oscars to tease its upcoming launch.
Quibi CEO Meg Whitman and founder Jeffrey Katzenberg. Image source: Quibi.
Source Fool.com
