Quibi

“If the equation is fundamentally broken or a big swing in and of itself, no amount of like iteration and execution can like kind of get you out of the failed outputs of the broken equation.”

“In a world where you have to spend, you know, a billion dollars a year making content, you just can't afford to not be a hit.”

“We made 70 shows. In 18 months, which is like more content than all of the major broadcast networks combined made in a single year.”

“The math of Quibi, like, did require us to, like, from day one, land in the top 10 and stay there forever. Like, the model would have worked if we could do that.”

“Companies are also kind of like a, they're kind of a math problem that describes how you take, you know, investment and pour them into the equation and out the other side comes returns on some time horizon. And yes, There are variables in that equation that ar…”

“Pretty quickly became clear that the math was just wrong. It wasn't going to take two billion. It was going to take six or eight or ten billion. And the risk reward profile of betting ten billion on the format was just more than anyone can stomach.”

“We made 70 shows. In 18 months, which is like more content than all of the major broadcast networks combined made in a single year.”