Quibi, the bite-sized content platform founded by media mogul Jeffrey Katzenberg and business leader Meg Whitman, has been mocked since it was first announced. Now after six months and $2 billion, Quibi is kaput. Unable to find an audience, and despite a fruitless attempt to find a buyer, Quibi is officially shutting down.
The company insists people were gunning for them from the start, but the simple truth is that Quibi always seemed like a solution in search of a problem. Besides, however good the content may have been, it was going to be very hard to convince people to plunk down $5 a month just to watch random videos while commuting.
Of course we also cover some of the week’s top entertainment headlines including Netflix misses its third quarter subscriber goal, television ratings for live sports events plummets and box office continues to soar in China and Japan.

Shonda Rhimes Is Ready to “Own Her S***”
https://www.hollywoodreporter.com/features/shonda-rhimes-is-ready-to-own-her-s-the-game-changing-showrunner-on-leaving-abc-culture-shock-at-netflix-and-overcoming-her-fears
China’s ‘The Sacrifice’ Bows To $53M; ‘Demon Slayer’ Tops $100M In Japan
https://deadline.com/2020/10/demon-slayer-japan-the-sacrifice-china-imax-global-international-box-office-1234602427/
‘Honest Thief’ Continues To Lead Lackluster Pandemic Box Office, ‘Empty Man’ Tripped By Holdovers
https://deadline.com/2020/10/honest-thief-empty-man-after-we-collided-weekend-box-office-1234602930/
AMC Plans to Sell 15 Million Shares, Warns Investors of Potential Bankruptcy
https://variety.com/2020/film/news/amc-chain-warns-bankruptcy-filing-1234810731/
James Bond Film ‘No Time to Die’ Explored $600 Million Sale to Streaming Services
https://variety.com/2020/film/news/james-bond-no-time-to-die-netflix-apple-1234814809/
UK Must Be ‘Brave’ and Prosecute Gulf Royal Accused of Sexual Assault, Says Top QC
https://www.theguardian.com/books/2020/oct/22/uk-must-be-brave-and-prosecute-gulf-royal-accused-of-sexual-assault-says-top-qc
‘Lovecraft Country’ Hits Series High Ratings With Epic Season Finale
https://deadline.com/2020/10/lovecraft-country-season-finale-tv-ratings-hbo-series-high-1234600763/
HBO Max Hits 28.7 Million Subscribers in Q3, Warner Bros. Revenue Down 28%
https://variety.com/2020/biz/news/hbo-max-28-million-subscribers-q3-att-earnings-1234813032/
TV Ratings for Many Sports Are Down. Don’t Read Too Much Into It Yet.