Former Studio Chairman of Disney in the late 80s and early 90s, playing a part in the Disney Renaissance. Jeffrey Katzenberg's newest venture Quibi is shutting down.

The news marks a stunning turnaround for a mobile-oriented company that had raised some $1.5 billion, and far more in Hollywood’s alternative currency of hype. Quibi spent years building buzz but will not survive its seventh month; it was launched boldly at the start of a pandemic that will end up easily outlasting it.

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