YouTube and TikTok will have a new competitor
Media reported that YouTube and TikTok will have a competitor. It is creation of DreamWorks founder and former head of Walt Disney Studios Jeffrey Katzenberg and a former president of HP Meg Whitman.
The service will be called Quibi. It will be accessible only through mobile devices. Quibi is currently available on the App Store and Google Play for pre-order. The official launch of the service is scheduled for April 6.
Quibi will mainly feature author shows and short films lasting up to ten minutes. The authors of the project claim that the content will have Hollywood quality. The service will incorporate a paid access model. The subscription fee will start at US$4.99 per month.
Quibi is positioned only as a competitor of Instagram, YouTube and TikTok and not Netflix. That's because it is intended only for mobile devices.