Jeffrey Katzenberg

As the streaming service winds down operations in just six months of launch, Quibi is now in advanced talks to sell its content catalogue to video-streaming device maker Roku, says a report by the Wall Street Journal, citing people familiar with the matter.

Quibi announced Wednesday it is pulling the plug on the platform aimed at smartphone users hungry for entertainment on the go.

Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring several strategic options including a possible sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Quibi racked up more than 300,000 downloads on its launch day, industry site Sensor Tower said on Tuesday, as stay-at-home viewers lapped up its short films starring Hollywood A-listers.

Zynga Inc said it was not in compliance with Nasdaq listing rules after two independent directors stepped down from the social gaming company's board on June 11.

The new service has been launched in partnership with DreamWorks Animation.

Actress Angelina Jolie, along with Angela Lansbury, Steve Martin and Piero Tosi, will be honoured by the Academy of Motion Picture Arts and Sciences for their humanitarian efforts.

As Keanu Reeves, star of Hollywood blockbusters such as Speed and The Matrix, visits China to promote his directorial debut Man Of Tai Chi, an increasing number of Hollywood films are beginning to feature more and more Chinese elements.

Hollywood star George Clooney has launched a new fundraising drive to help entertainers who have fallen on hard times.

As the streaming service winds down operations in just six months of launch, Quibi is now in advanced talks to sell its content catalogue to video-streaming device maker Roku, says a report by the Wall Street Journal, citing people familiar with the matter.

Quibi announced Wednesday it is pulling the plug on the platform aimed at smartphone users hungry for entertainment on the go.

Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring several strategic options including a possible sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Quibi racked up more than 300,000 downloads on its launch day, industry site Sensor Tower said on Tuesday, as stay-at-home viewers lapped up its short films starring Hollywood A-listers.

Zynga Inc said it was not in compliance with Nasdaq listing rules after two independent directors stepped down from the social gaming company's board on June 11.

The new service has been launched in partnership with DreamWorks Animation.

Actress Angelina Jolie, along with Angela Lansbury, Steve Martin and Piero Tosi, will be honoured by the Academy of Motion Picture Arts and Sciences for their humanitarian efforts.

As Keanu Reeves, star of Hollywood blockbusters such as Speed and The Matrix, visits China to promote his directorial debut Man Of Tai Chi, an increasing number of Hollywood films are beginning to feature more and more Chinese elements.

Hollywood star George Clooney has launched a new fundraising drive to help entertainers who have fallen on hard times.