Mobile streaming service Quibi is shutting down

Jeffrey Katzenberg's multi-billion-dollar play in the mobile streaming space has come to a stunning end with reports that Quibi Holdings is shutting down. The Hollywood mogul called investors to inform them of the move on Wednesday, reported The Wall Street Journal and The Information, citing people familiar with the matter. The company has raised $1.75 billion from the likes of Hollywood studios 21st Century Fox and its now-parent company Disney, Entertainment One, ITV, Lionsgate, Metro Goldwyn…