In this week’s Week in Review: Quibi explores its options after a difficult first few months, Facebook said it could be forced to close operations in Europe due to data transfer laws, and GARM makes progress with social platforms on harmful content. To receive an update on the industry’s top stories every Friday, sign up to the weekly Video Round-Up.
Quibi Considers a Sale After Early Struggles
Mobile-first video streaming service Quibi is exploring multiple strategic options, including a possible sale, the Wall Street Journal reported this week, after a disappointing first few months. The heavily-backed app launched earlier this year, but struggled to make much of an impact, reportedlylosing the majority of its subscribers once its generous thirty-day free trial period ended. Quibi’s founder Jeffrey Katzenberg has said the COVID-19 pandemic has hurt the project, since the app was partly designed to fit small gaps in the working day which don’t exist when most people …