Jeffrey Katzenberg demonstrates Quibi's Turnstyle technology at Sundance 2020 on January 24, 2020 in Park City, Utah. Photo: AFP
Jeffrey Katzenberg demonstrates Quibi's Turnstyle technology at Sundance 2020 on January 24, 2020 in Park City, Utah. Photo: AFP

Jeffrey Katzenberg’s Quibi will close down in one of Hollywood’s biggest flops

  • The swift demise represents one of the entertainment industry’s most dramatic flops
  • Quibi was backed by money from giants of media and finance, including Walt Disney

Jeffrey Katzenberg demonstrates Quibi's Turnstyle technology at Sundance 2020 on January 24, 2020 in Park City, Utah. Photo: AFP
Jeffrey Katzenberg demonstrates Quibi's Turnstyle technology at Sundance 2020 on January 24, 2020 in Park City, Utah. Photo: AFP
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