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Quibi will close in early December

Billions of dollars had been pumped into it, but Quibi just couldn't survive. The short-form streaming service is set to shut down in December 2020.

When is Quibi closing?

As previously reported, Quibi is shutting down. A streaming service designed around short-form content for smartphone consumption, Quibi quickly found its business unviable.

Even a big start-up investment, huge sponsors, and top-notch creative talent weren't enough to make Quibi a success.

Any remaining capital in the company will be returned to investors such as WarnerMedia, Disney and Sony Pictures Entertainment.

Quibi has now updated its support section with a new page called Quibi End of Service Announcement.

On the page, it states that Quibi expects the service to end "on or about December 1, 2020." An email address is listed if you have questions or need help.

As for what will happen to Quibi's exclusive content? It is unknown. The page reads:

According to Variety, CBS Studios intends to try to sell its series of most dangerous games elsewhere. Other studios will likely follow suit in an attempt to recoup the costs.