After raising nearly $2 billion in funding and promising to reinvent the way people consume entertainment programming, Quibi is shutting down six months after its launch.
Credit: The Hollywood Reporter Duration: 01:34Published
After just six months from Quibi's launch date, the short-form streaming platform is shutting down, unable to gain traction amid the coronavirus pandemic. Cheddar's Michelle Castillo breaks it all..
![Quibi Is Shutting Down 6 Months After Launch: 'We've Considered and Exhausted Every Option' [Video]](https://video.newsserve.net/300/v/20201022/2010222103-Quibi-Is-Shutting-Down-Months-After-Launch.jpg)
![Quibi Shutting Down After Six Months | THR News [Video]](https://video.newsserve.net/300/v/20201022/1312503730-Quibi-Shutting-Down-After-Six-Months-THR.jpg)
![Quibi Out of Business After Just Six Months in Business [Video]](https://video.newsserve.net/300/v/20201022/2010221719-Quibi-Out-of-Business-After-Just-Six-Months.jpg)
