Quibi, the mobile subscription TV startup founded by Jeffrey Katzenberg, is exploring “strategic options” including a potential sale, the Wall Street Journal reported.
Discovery, Inc. has acquired the assets of ad tech startup AdSparx as it prepares to launch a new ad-supported streaming video service in 2021.
Rising numbers of consumers dropping traditional pay TV services -- cable, satellite and telco pay TV -- are set to drop total traditional pay TV subscribers below 80 million this year.
Pay-TV continues to lose appeal among Internet-connected (broadband) homes in the U.S. New data from Kagan, a unit of S&P Global Market Intelligence, found that 37% of broadband homes have cut the cord with traditional cable, telco or satellite TV distribution.
Despite the country being the most mature subscription video-on-demand market in the world, the US SVOD arena is showing no signs of slowing and, says Digital TV Research, will grow from 203 million in 2019 to 317 million by 2025.
The company is launching the product in early access at an introductory price of $5.99 per month. Users will be able to stream titles wirelessly without downloading the games and can play across PC, Mac and iOS (via the web).
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