PUBLISHED: 21:15, Wed, Oct 21, 2020 | UPDATED: 21:53, Wed, Oct 21, 2020
Streaming service Quibi is shutting down after launching earlier this year as a new mobile-only platform. Express.co.uk has everything revealed so far about why this is and what the streaming platform was all about.
Streaming platform Quibi is officially shutting down after being live for just over six months.
According to Deadline, the founders of the service Jeffrey Katzenberg and Meg Whitman are reportedly going to notify investors today (October 21) the reason behind the decision.
Express.co.uk will update readers about why this is when it has been announced.
They are also thought to float the possibility of selling it, and its raft of shows, on.
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Why is Quibi shutting down? (Image: GETTY)
Quibi shut down: Anna Kendrick featured in a show called Dummy (Image: QUIBI)
Deadline also reported the shut down of the platform will take several months.
Subscribers will be notified on how they can proceed via notifications in the near future.
Since Quibi officially launched, several original shows have been released on the platform.
These have also featured a number of Hollywood A-listers in front of and behind the camera.
Quibi shut down: More information is expected to be released (Image: GETTY)