October 18, 2019
Quibi, the pending short-form video streaming service launching in 2020 from DreamWorks Animation founder Jeffrey Katzenberg and former HP chief executive Meg Whitman, has reportedly inked a distribution deal with T-Mobile.
Financial terms and specifics of the deal were not disclosed. Quibi is slated to launch its $4.99 monthly service in 2020.
Quibi will deliver original video content no longer than 10 minutes in length from a variety of content sources, including directors Sam Raimi, Guillermo del Toro, Antoine Fuqua, Steven Spielberg, Lorne Michaels and producer Jason Blum, among others.
“Quibi will deliver premium video content for millennials on a technology platform that is built exclusively for mobile, so a telecommunications partner like T-Mobile, with their broad coverage today and impressive 5G road map, is the perfect fit,” Whitman told the the Los Angeles Times.
The platform is eager to link to T-Mobile’s 83.1 million cellphone subscribers and 5G network ambitions. And T-Mobile just received FCC approval for its $26.5 billion acquisition of Sprint.
“Quibi is leading the way on how video content is made and experienced in a mobile-first world,” Mike Sievert, COO of T-Mobile, said. “That’s why our partnership makes perfect sense — two mobile-centric disrupters coming together to give customers something new and remarkable.”