Econ News

The Billionaire Behind Quibi Bets Big On New Mobile Streaming Service | Forbes

When Jeffrey Katzenberg pitched his idea for bringing high-caliber entertainment to mobile phones to billionaire Meg Whitman, one of the most powerful women in the world according to Forbes, the idea checked all her boxes: The potential market for the service was huge, prevailing trends were right, and it occupied a unique niche.

“I ultimately said, ‘You know what? I think I have another startup in me,’ ” says Whitman, 63, who first got rich (she’s worth $3.2 billion) working with another visionary founder, Pierre Omidyar. She helped build eBay from 30 employees and $4 million in revenue when she joined in 1998 to more than 15,000 employees and $8 billion in revenue when she left a decade later.

Many in Hollywood think it’s a terrible idea. At a time when viewers are awash in entertainment options, many of them free, who is going to pay for another? Barry Diller, perhaps the greatest Hollywood visionary of his generation, recently called Quibi a “gutsy speculation” for his former protégé (Katzenberg, 69, worked for Diller at Paramount in the ’70s). “He’s so naked out there with this.”

Quibi (an awkward portmanteau of quick and bites) launched its mobile streaming service offering original movies, reality TV, comedies and news edited into bite-size nuggets of ten minutes or less, optimized for viewing on phones in early April 2020 amid the global coronavirus pandemic. America’s lockdown might have created the perfect moment for Quibi. Nielsen projects media viewing will spike by as much as 60% due to COVID-19. People will certainly know it’s available: Quibi is spending a gargantuan $400 million to promote its new service and in mid-March announced that it will offer the service free for three months.

Read the full profile on Forbes: https://www.forbes.com/sites/dawnchmielewski/2020/04/03/coronavirus-lockdown-will-boost-jeff-katzenbergs-and-meg-whitmans-new-mobile-streaming-service-quibi/#5b175fcf55c3

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Econ News

Meatball Shop Owner On The State Of The Restaurant Industry | Ask The Expert | Forbes

Adam Rosenbaum, CEO of The Meatball Shop in New York City, speaks with Tanya Klich, Lifestyle & E-commerce reporter, about the state of the restaurant industry, and new hygiene practices to ensure safety for customers.

Forbes ‘Ask The Expert’ is a 10-20 minute talk show streamed on Instagram Live every weekday at 12:00 PM EST. Forbes editors will discuss the latest issues surrounding fears, myths, challenges and opportunities our world is facing from this pandemic and offer knowledgeable solutions and commentary. There will be a variety of guests with varying areas of expertise, and our community will be given the chance to engage via Q+A towards the end of the call. In addition to Youtube, these videos will also be distributed across Forbes’ social media channels: Facebook, Twitter, and LinkedIn.

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Econ News

Soon The World Will Understand, The Truth Will Shock The World – Episode 2143b

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Report date: 04.08.2020

The [DS] event is failing, the truth is coming out. The fear, panic and chaos is now being exposed. The numbers are not making any sense and people are starting to realize that something is not right. While the MSM/[DS] are pushing their agenda, the patriots behind the scenes are going after illicit trackers, the power structure of the [DS].

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