Quibi hits 1.7 million downloads in its first week

Quibi hits one.7 million downloads in its commencement week

Despite the ongoing COVID-nineteen pandemic, Quibi's launch has surpassed expectations

After amassing 300,000 downloads in a single solar day, mobile-focused streaming service Quibi hit 1.7 million downloads in its first week, according to an interview with the platform's CEO Meg Whitman during CNBC's 'Squawk on the Street.'

Quibi launched last Monday amongst the COVID-19 pandemic. Even though the service is designed to be viewed while users are on the go, it's managed to assemble a modest audience in a relatively curt menstruum of time.

"It turns out people have in-between moments at home," said Whitman during the interview. "We don't actually think information technology injure u.s.a.." According to Whitman, 80 percent of Quibi users who have started a show spotter it through the first episode. The CEO then goes on to state that the platform has surpassed launch expectations. Whitman also said the company is moving up its plans to allow Quibi to bandage to TVs.

Information technology'south important to notation that current sign-ups are for a 90-twenty-four hour period complimentary trial of the service. The true test surrounding Quibi'southward viability will exist if the platform is able to continue attracting users once the trial period is over. Farther, Quibi'due south audience is relatively small compared Disney+, which managed to secure more ten 1000000 subscribers in a single solar day. To exist fair, Quibi is an unknown brand, s0 understandably its initial growth wouldn't be as substantial as a platform created past Disney.

In Canada, Quibi has an sectional agreement with Bong related to original news content produced past CTV and TSN, including daily news program 'NewsDay by CTV.'

Following the 90-day free trial, Quibi is priced at $vi.99 CAD per month, with an advert-free subscription costing $9.99 a calendar month.

Quibi, amusingly plenty, stands for "quick bites." The streaming service is available on iOS and Android.

Source: CNBC