Quibi Finds $400M, Details Short Form Mobile Video Plans
Update: 2020-01-09
Description
Los Angeles-based Quibi, the previously stealth-mode mobile video startup founded by Jeffrey Katzenberg and Meg Whitman, said at CES that it has raised $400M in a funding round. The company–which unveiled a website and announced its plans to roll out 175 short form video series specificaly created for smartphones, tablets, and other mobile devices–was previously known as NewTV. Quibi renamed itself in October of 2018, but has been mum about its plans in the content world.
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