quibi Quibi Shuts Down After Just Six Months Despite Billions in Funding Quibi, the mobile short-form video platform founded by Jeffrey Katzenberg, is shutting down and returning its remaining funds to investors after failing to attract enough subscribers.
quibi Quibi Shuts Down After Six Months and $1.75 Billion Raised Quibi abruptly winds down its short-form streaming service just six months after its high-profile launch. The company admits defeat, plans to sell its assets, and promises to return unspent funds to shareholders.
quibi Quibi Shuts Down Just Six Months After High-Profile Launch The short-form mobile video platform Quibi is closing its doors after failing to attract a sustainable audience despite raising nearly $2 billion.
netflix Netflix Shares Dip After Q3 Earnings Miss Subscriber Targets Netflix stock drops slightly after the streaming giant reports mixed Q3 results, beating revenue expectations but falling short on profitability and new subscriber additions.
google Google Introduces Chromecast with Google TV and Nest Audio Speaker Google unveils a revamped Chromecast streaming dongle with a dedicated voice remote and a new Nest Audio speaker, both priced aggressively to compete with Apple.
xbox Microsoft Bundles EA Play Into Xbox Game Pass Ultimate and PC Tiers Microsoft is bringing EA Play to Xbox Game Pass Ultimate and PC subscribers at no additional cost this holiday season. The addition further cements Game Pass as an incredibly comprehensive gaming subscription.
google Google Outlines Final Shutdown Timeline for Play Music Google reveals the exact schedule for shutting down Google Play Music as it pushes users to YouTube Music, ending music purchases this month and app access in October.
peacock NBCU's Peacock Outpaces Quibi in Early Mobile App Downloads NBCUniversal's new streaming service Peacock reaches 1.5 million mobile downloads in its first six days, beating Quibi's early performance but trailing far behind Disney+.
peacock NBCUniversal Expands Peacock Streaming Service Nationwide With Free Tier NBCUniversal officially brings its Peacock streaming service to the general public across the United States. The platform offers a free ad-supported tier alongside paid options, featuring a mix of classic shows, movies, and live sports.
disney plus Hamilton Musical Drives Record Disney+ Downloads Over Holiday Weekend The premiere of the hit musical "Hamilton" gives Disney+ a massive 74% boost in U.S. app downloads over the July 4th weekend. This launch easily becomes the streaming service's largest content release of 2020.
microsoft Microsoft Shuts Down Mixer, Partners With Facebook Gaming Microsoft closes its struggling live-streaming platform Mixer and redirects users to Facebook Gaming. The partnership also integrates Microsoft's xCloud game-streaming service directly into Facebook's platform.
youtube Google Reveals YouTube Generates $15 Billion in Annual Ad Revenue Alphabet discloses for the first time that YouTube brings in $15 billion annually from advertising. The video platform now accounts for roughly 10 percent of Google's total revenue.
netflix Netflix Surges to Record 16 Million New Subscribers Amid Global Pandemic Netflix gains nearly 16 million paid subscribers in the first quarter of 2020, doubling its initial forecasts as worldwide coronavirus lockdowns keep consumers at home.
spotify Spotify Acquires Bill Simmons's The Ringer to Expand Podcast Empire Spotify purchases sports and culture media company The Ringer to strengthen its growing podcast network. The streaming giant plans to retain all 90 employees while prioritizing the company's popular audio content.
amazon Amazon Unveils Luna Game Streaming and Spherical Echo Speakers Amazon expands its hardware and software ecosystem with the new Luna cloud gaming service and a completely redesigned spherical lineup of Echo smart speakers.