Quibi is shutting down 6 months after launch: 'We've considered and exhausted every option'

It’s time to say Quib-bye to Quibi.

“I attribute everything that has gone wrong to coronavirus,” Katzenberg toldThe New York Timesin May.

Unfortunately, we will never know but we suspect its been a combination of the two.

We were not able to do so."

But an audience for those projects never truly materialized.

Quibi repeatedly claimed these numbers were inaccurate, but never offered subscription data of its own.

“Our failure was not for lack of trying; weve considered and exhausted every option available to us.

Katzenbergbegan trying to sell the companylast month, but apparently found no takers.

Quibi will continue to seek buyers for its assets in the coming months as the company is dissolved.