Bayshore Capital Advisors, LLC invests in the Series C capital raise for Quibi. Quibi provides professionally produced, short-form content to be viewed on mobile devices. Quibi, short for “quick bites”, presents fresh content from today’s top talent – one quick bite at a time. It is designed to be watched during the in-between moments throughout the day (e.g., commute, wait times, short breaks, etc.). This new form of content is intended to be addidative, not competitive, to the traditional length TV or movies viewed through online/streaming services such as Netflix, Amazon, Hulu, Disney Plus.
The company is backed by Warner Bros., Disney, Alibaba, and other entertainment industry majors. Quibi will debut in April 2020 with 50 shows that subscribers can access for $4.99 per month.
Led by experienced executives Meg Whitman and Jeffrey Katzenberg, the company is headquartered in Los Angeles, CA.