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Quibi designed its content in no longer than 10-min episodes for an audience that was on the move. But as Covid pandemic hit, suddenly no one was going anywhere.
Streaming platforms and other digital content providers have taken the decision in order to reduce pressure on telecom networks until 14 April.
Since its release in November, Disney+ app was downloaded 41 million times and generated almost $100 million in user spending — 4 times more than HBO Now app earned in the same time.
As Disney+ gains clout thanks to its child-friendly model, its competitors will be forced to clean up their acts and put in place more safeguards.
Apple, Disney, and AT&T are spending millions on their new streaming platforms and flooding an already saturated space with more content.
Flipkart, owned by Walmart, plans to roll out a video streaming service for its loyalty program members by September.
Mumbai-based Pocket Aces has raised $14.7 million to bankroll content aimed at pushing Indian shows beyond hackneyed Bollywood formulas.
With US market near saturation, growth even for giants like Netflix is likely to come from overseas.