Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Quibi Founders Reportedly Made Employees Listen To Music From “Trolls” Movie To Announce Layoffs

by Regan
October 22, 2020
Reading Time: 2 mins read
0
quibi lack of success

Splash News

Share on FacebookShare on Twitter

Quibi announced they were shutting down yesterday and their founders tried to lessen the blow to their employees with a song from the movie “Trolls.”

According to Business Insider, co-founder Jeff Katzenberg reportedly tried to use the song “Get Back Up Again” as a motivator during the announcement to Quibi’s employees in a awkward attempt to lift their spirits.

The short-form video streaming service which was founded by Katzenberg (Dreamworks Co-Founder) and Meg Whitman (former HP CEO) announced it was shutting down just six months after its launch yesterday.

The streaming service startup raised nearly $2 billion ahead of its launch in April. The app was designed to feature short-form news and entertainment videos (or “quick bites”) running 10 minutes or less, that were meant to be watched on the go.

While the founders admitted that they had enough capital to continue operations for a significant period, they decided to pull the plug and return the leftover money, an estimated $350 million, to their shareholders.

Insiders claim that during a call yesterday, employees were informed that they were being laid off and paid a severance. Katzenberg reportedly advised the staff to listen to the song “Get Back Up Again,” which is performed by actress Anna Kendrick and is on the soundtrack of the 2016 Dreamworks (his production company) animated film “Trolls,” to uplift them.

https://youtu.be/UC3fBrGQgnQ

quibi lack of success
Splash News

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Jeff KatzenbergMeg WhitmanQuibi

Related Posts

TikTok Prepping U.S.-Only App as Mystery Billionaire Squad Eyes Buyout
News

TikTok Prepping U.S.-Only App as Mystery Billionaire Squad Eyes Buyout

July 6, 2025

In a dramatic new twist to the ongoing TikTok saga, the popular app is reportedly developing a separate version of...

Tropical Storm Chantal Slams South Carolina Coast, Flood Threats Rise Across the Carolinas
News

Tropical Storm Chantal Slams South Carolina Coast, Flood Threats Rise Across the Carolinas

July 6, 2025

Tropical Storm Chantal has officially made landfall in eastern South Carolina, and she’s not letting up. The National Hurricane Center...

Media Personality 4xtra Suffers Gruesome Firework Injury on July 4th, Fingers Reportedly Blown Off
News

Media Personality 4xtra Suffers Gruesome Firework Injury on July 4th, Fingers Reportedly Blown Off

July 6, 2025

A popular media personality reportedly suffered a serious hand injury during his fireworks festivities. Rapper and No Jumper host 4xtra...

Conor McGregor Eyes UFC Comeback at the White House in 2026
News

Conor McGregor Eyes UFC Comeback at the White House in 2026

July 6, 2025

Conor McGregor wants in on the controversial UFC fight scheduled to take place at the White House. On July 4th,...

Next Post

Shonda Rhimes Says She Felt Like She Was “Dying” During Her Time With ABC

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d