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Quibi fails to break into the mainstream during lockdown

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London, UK
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Huge investment in both star power and content production has done little to establish Quibi among the streaming elite. But does the app have a future?

Two months ago, at the height of the COVID-19 pandemic, veteran execs Jeffrey Katzenberg and Meg Whitman boldly decided to launch a new mobile-centric streaming app called Quibi. But despite sinking a combined $1.8 billion in capital and star power, the platform may fail to hit even 30%Β ofΒ itsΒ year oneΒ subscribersΒ goal. AndΒ itsΒ latest moves have theΒ distinctive scent of desperation about them.Β 

We covered the launch back in April, questioning at the time whetherΒ Quibi’s haste to tap into a captive market would bear fruit down the line, or pit it squarely amongst a litany of other failed ventures in the streaming sphere. With people stuck inside during the pandemic, the likes of Netflix, YouTube, and Amazon Prime have seen record numbers of engagement, forcing each to lower their respective resolution defaults. The heads of Quibi deemed this opportunityΒ too big to miss, and the perfect time to show their mettle.Β 

Pre-pandemic, the platform was to be peddled as the β€˜ultimate on-the-go diversion’, but pushing ahead with launch Katzenberg promptly spunΒ Quibi’s ethos as a lockdown-friendly β€˜distraction to bring relief to those looking to escape’. It’s likely this drastic shift that harmed Quibi’s chances in the wild from the off, and may prove to be the fatal miscalculation for its future.

The prospect of watching quality content tailored to a mobile phone is an extremely appealing one for any daily commuter. Who wouldn’t want to fill that tedious bus or tube journey with short-bite interactiveΒ stories involving A-list stars like Jennifer Lopez, Idris Elba, Sophie Turner, and BillΒ Murray?Β However, when you’re trapped indoors and looking for all the digital filler you can get, 10-minute bites don’t cut the mustard when weighed against the hours of quality binge-worthy content on Netflix and Amazon Prime.Β 

The importance of marketing when releasing a new product is not to be underestimated (especially in tech), and it’s plain-to-seeΒ whyΒ QuibiΒ has failed to build on a solid launch.

Originally,Β QuibiΒ was keen to really drive home its aim to usher in the β€˜third generation of film narrative’ by creating interactive content solely for mobile, but that notion has well and truly gone out the window now. In order to appeal to as many of the great unwashed as possible,Β QuibiΒ has started employing cast technologies such asΒ AirPlayΒ and more recently Chromecast in aΒ last-ditch attempt to drive traffic to the platform. Grandiose ambitions are well and truly on the back-burner, and getting as many new subscribers as possible is the new priority.Β 

It’s a shameΒ QuibiΒ has had to deviate from its original goal, as the concept of TV intrinsically designed for mobile phones is a really unique concept. And under normalΒ circumstances,Β who knows how it may have fared.Β TikTok’sΒ explosion into the mainstream in 2020 shows that there is still a real demand for quirky short-bite media, butΒ QuibiΒ has justΒ catastrophicallyΒ failed at the marketing game.Β 

Even the most ardent optimist would be hard pressed to see a prosperous future forΒ Quibi, but moderate successΒ isn’t beyond the realms of possibility once the world regains a sense of normality. Until then,Β Quibi won’t be any breaking boundaries, but instead fighting obscurity.Β 

Tech Editor London, UK

I’m Jamie (He/Him), the Editor in Chief at Thred. Keeping up with gaming and revolutionary technology is my forte, but when away from my keyboard, you’ll probably find me wrapped around a large Tango ice blast at the latest mediocre horror flick. Follow me on Twitter, LinkedIn and drop me some ideas/feedback viaΒ email.

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