Meg Whitman
Hollywood-backed Quibi to shutter six months after launch
Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The announcement highlights the dominance that Netflix, Amazon’s Prime Video, Disney+ and Apple TV+ hold over smaller streaming service providers, which struggle to keep up against their large content budgets and vast libraries of shows. “The world has changed dramatically since Quibi launched and our standalone business model is no longer viable,” founder Jeffrey Katzenberg said in a statement. Los Angeles-based Quibi offers entertainment and news in episodes of 10 minutes or less on mobile phones, initially promoted for on-the-go viewing. The service was priced at $5 a month with advertisements, or $8 a month without them. “Our failure...
Nigerian doctor named one of TIME’s Most Influential People in the world
TIME named Nigerian physician Tunji Funsho to the 2020 TIME100, its annual list of the 100 most influential people in the world. The full list and related tributes are available now at time.com/time100, and Mr Funsho’s TIME100 profile is available here. The list, now in its seventeenth year, recognizes the activism, innovation and achievement of the world’s most influential individuals. Mr Funsho, a cardiologist based in Lagos, Nigeria, is the first Rotary member to receive this honour for the organisation’s work to eradicate polio, having played an essential role in ensuring Africa’s certification as wild polio-free in August of 2020. “I’m honored to be recognized by TIME for my part in ensuring that no child in Africa will ever again be paralyzed by wild polio, a disease that once disabl...
