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Quibi’s content failed to hook viewers and convince them to pay. Insiders said Jeffrey Katzenberg had close control of many programming decisions.
Jeffrey Katzenberg. Daniel Boczarski/Getty Images for Quibi Quibi, the mobile-video startup that raised $1.75 billion from backers like Alibaba Group, JPMorgan Chase, and Disney, is folding six months after debuting its subscription service. The Jeffrey Katzenberg-founded startup said in a statement that its demise was likely caused by a combination […]