Quibi Holdings, LLC, formerly NewTV, developed a short-form streaming platform for watching entertainment on smartphones.
Based in Los Angeles, US and founded in 2018, Quibi Holdings, LLC was founded by Jeffrey Katzenberg and provides short-form scripted series, documentaries and news for mobile viewing. The company raised USD 1 billion in seed funding in July 2018 from investors including Alibaba Group, Goldman Sachs, JPMorgan Chase, NBC Universal, Sony Pictures Entertainment and Walt Disney Co. Roku, Inc. acquired Quibi in January 2021. It planned to release 175 original shows in its first year and expand to other countries.
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