Jeffrey Katzenberg poses for a portrait to promote "Quibi" at the Music Lodge during the Sundance Film Festival on Friday, Jan. 24, 2020, in Park City, Utah. (Photo: AP)
Want to see Chance the Rapper prank Hollywood stars? Catch a new action thriller starring Liam Hemsworth and Christoph Waltz? How about a six-minute edition of “60 Minutes”? There’s an app for that, and more.
Quibi — a snappy amalgam of “quick” and “bite” — is a mobile phone-only platform that will release its snack-sized installments of movies and TV shows each weekday. There will be seven-day-a-week dollops of news, sports and weather, gathered under the umbrella name Daily Essentials, all adding up to a mind-boggling 175-plus programs planned for this year.
It launches Monday in the US and Canada with a 90-day free trial and 50 programs, all in segments no longer than 10 minutes. They include “Punk’d,” with Chance the Rapper as host and executive producer; the Hemsworth-Waltz movie “Most Dangerous Game,” and “Chrissy’s Court,” with Chrissy Teigen administering justice in small claims cases a la Judge Judy.
Others who have signed on to either produce or appear (or both) in Quibi content include Reese Witherspoon, Joe Jonas, Jennifer Lopez, Lena Waithe and Sophie Turner.
But the biggest names attached to the project are its executives: entertainment industry heavyweight Jeffrey Katzenberg and former Hewlett-Packard CEO Meg Whitman. In the 1980s, Katzenberg revived the Walt Disney Co.’s movie studio and its animation division with hits including “The Little Mermaid,” and in 1994 co-founded DreamWorks SGK with Steven Spielberg and David Geffen. Quibi is Katzenberg’s brainchild, and he picked Whitman, also a onetime Disney executive, as the new platform’s CEO.
For Katzenberg, it’s the product that will make Quibi a winner.
“In all my years, there is one rule that has never failed, ever,” he said. “Which is, when I had my hands on great content, whether it was an animation and movies, .... whether it was TV shows, a Broadway show, a novel, anything that I had ever had in my orbit that was really good, it’s never not worked.”
There are serious believers. Quibi raised $1 billion in funding in 2018 from investors including Disney, NBCUniversal and Viacom, and announced another $750 million in a second fundraising round that closed earlier this month.
After the initial free window (the company’s response to the coronavirus crisis) Quibi will cost $4.99 a month with advertising or $7.99 for an ad-free version.
Because the company ramped up production in light of a possible writers strike last summer, Katzenberg said, it got ahead of the pandemic-caused shutdown of TV and film production. Quibi is on track for new releases through October or November under current circumstances.