Receipt
Filed August 30, 2026
The short version
Jeffrey Katzenberg predicted on April 6, 2020: “Quibi projected more than 7 million paying subscribers after its first year (company projection under Katzenberg and CEO Meg Whitman ahead of the April 2020 launch).” Verdict: Missed it. Quibi reached roughly 500,000 subscribers and announced its shutdown in October 2020, six months after launch - under 7% of the year-one target.
Prediction by
Jeffrey Katzenberg
On April 6, 2020
“Quibi projected more than 7 million paying subscribers after its first year (company projection under Katzenberg and CEO Meg Whitman ahead of the April 2020 launch).”
Follow-up
Quibi reached roughly 500,000 subscribers and announced its shutdown in October 2020, six months after launch - under 7% of the year-one target.
Original source
CNBC (retrospective on the projection)From the High Caliber AI network — see the AI for PR module in the course.