WSJ reveals Quibi already burned through $1.75 billion; also it was going to be named "Omakase"

[belandlix]

Some tidbits in here:https://t.co/fqwbt2JYOB
-An early proposed name for Quibi was "Omakase"
-Quibi is on pace to miss its subscriber targets by a wide margin
-Quibi is expecting it will have to raise at least $200 million by the back half of 2021
- Ben Mullin (@BenMullin) June 14, 2020

Comments

[shayme]

- Quibi initially raised $1.75 billion for its launch and has already burned through most of it; it's expected that they'll need to raise an additional $200 million before the end of June 2021.

Will they even make it to then?

[electric_lemur]

Nope

[shayme]

Don't think so either. I don't know anyone with it or hear people talking about it.

[electric_lemur]

How did they not see this coming? It’s a stupid concept.

[vintage_boom]

honestly its not a stupid concept but its geared and being programmed for the wrong audience

[sandstorm]

Launching a streaming service based on watching things on the go a month into a quarantine was terribly unfortunate on top of already looking like shit.

[missjersey]

What does Omakase mean anyway? Also I don't feel bad for Katzsnberg, he's kind of The Worst.

[invisiblegirlx]

It means I'll leave it to you.

お任せします

[missjersey]

Thank you! I don't really get why he thought that'd make sense for this platform. How is it pronounced in English if you don't mind me asking? I keep reading "oh-my-case" but I don't think that's right lol

[invisiblegirlx]

oh mah kah say.

Most English speakers would mispronounce it so I guess that's why they changed it.

[invisiblegirlx]

omakase? Can English speakers even pronounce that properly? No wonder they changed it.

[kamikashi]

i was about to say, aside from frequent sushi eaters and subtitled anime watchers, most english speakers prob wouldnt pronounce it correctly lol.

[euraylie]

Yeah the ‘e’ at the end would have been a challenge to most I assume

[senshicalico]

just imagine your friend asking you if you've heard of "OH MAY CASE"