The easy thing to say about anything new in show business is, “Never gonna work.” In the case of Quibi — Jeffrey Katzenberg and Meg Whitman’s short-form mobile streamer — plenty of people laughed, and they were right to. But did Quibi fail because it was a bad idea, or because it spent and promised too much? Even Rob Long’s TikTok algo now serves soapy microdramas. Quibi may not have ended up a punchline because it was wrong, but because — after three glasses of wine — it ordered the deluxe version of the future and forgot the return policy.

Transcript here.

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