Quibi Is Shutting Down

Quibi is considering shutting itself down, WSJ reported Wednesday, citing people familiar with the matter, a move that points to a possible crash landing for a once-highflying entertainment startup that raised $1.75 billion in capital. From the report: The streaming service has been plagued with problems since it launched in April, facing lower-than-expected viewership, disappointing download numbers and a lawsuit from a well-capitalized foe. The service is aimed at mobile viewers, but the coronavirus pandemic forced would-be subscribers away from the kinds of on-the-go situations Quibi executives envisioned for its users. Quibi attracted blue-chip advertisers including Pepsi, Walmart and Anheuser-Busch, securing about $150 million in ad revenue in the run-up to its launch. Those deals came under strain earlier this year amid lower-than-expected viewership for Quibi’s shows, prompting advertisers to defer their payments. In recent weeks, Quibi hired a restructuring firm to evaluate its options, the people said. The firm


Original URL: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/QWUMGTM3E3o/quibi-is-shutting-down

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Quibi streaming service shutting down after less than 1 year

Enlarge / It’s not a great tombstone, but… well, we’ll just leave it at that. RIP Quibi. (credit: Getty Images / Sam Machkovech)
Quibi, the video-streaming service designed to revolve around smartphone screens, is no more, according to The Wall Street Journal.
After launching only in April this year, with a $1.75 billion infusion of cash and the leadership of former NBC bigwig Jeffrey Katzenberg, the service is ending as part of the closure of its holding company, Quibi Holdings LLC, according to “people familiar with the matter,” the WSJ says. The news was delivered directly by Katzenberg to the LLC’s investors on Wednesday, according to the report.
The writing appeared to be on the wall as soon as Quibi’s primary sales pitch—quick-burst videos designed to attract the average on-the-go smartphone user—fell apart all over the United States in the wake of coronavirus-related shutdowns. (People just weren’t watching videos on their phones


Original URL: https://arstechnica.com/?p=1716315

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Public Preview – AWS Distro for OpenTelemetry

It took me a while to figure out what observability was all about. A year or two I asked around and my colleagues told me that I needed to follow Charity Majors and to read her blog (done, and done). Just this week, Charity tweeted:

Kislay’s tweet led to his blog post, Observing is not Debugging, which I found very helpful. As Charity noted, Kislay tells us that Observability is a study of the system in motion.
Today’s large-scale distributed applications and systems are effectively always in motion. Whether serving web requests, processing streams of data or handling events, something is always happening. At world-scale, looking at individual requests or events is not always feasible. Instead, it is necessary to take a statistical approach and to watch how well a system is working, instead of simply waiting for a total failure.
New AWS Distro for OpenTelemetryToday we are launching


Original URL: http://feedproxy.google.com/~r/AmazonWebServicesBlog/~3/2Z6UWSpdn-c/

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