The horribly named Quibi (short for “quick bites”) is a new streaming service focused around short-form video content for mobile devices. It’s helmed by ex-Disney and DreamWorks executive Jeffrey Katzenberg and ex-HP CEO Meg Whitman. Aiming to take on video services from Instagram and Facebook, Quibi has already raised $1 billion in an initial funding round. - Jon Porter, The Verge [via/web:http://streaming-tv.us]
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