Quibi, the Mobile-Native Short Form Streaming Contender, to Shut Down After Less Than a Year

The unveiling of Quibi in January 2020 as part of the Consumer Electronics Show (CES). Photo: Eric Sanchez

According to reporting by the Wall Street Journal, Quibi co-founder Jeffrey Katzenburg has confirmed that the service will shutter its doors, after initial reporting that its board was presented several options by a restructuring firm that was hired.