Quibi Weighs Shutting Down as Problems Mount

Streaming service hired a restructuring firm that recommended a range of options to the board

Advertising for the Quibi streaming entertainment service in Herald Square in New York on Sept. 22.

Photo: Richard B. Levine/Zuma Press
By

Benjamin Mullin

Quibi Holdings LLC is considering shutting itself down, according to people familiar with the matter, a move that points to a possible crash landing for a once-highflying entertainment startup that raised $1.75 billion in capital.

The streaming service has been plagued with problems since it launched in April, facing lower-than-expected viewership, disappointing download numbers and a lawsuit from a well-capitalized foe.

The...

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