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Streaming service Quibi is reportedly shutting down after launching earlier this year as a new mobile-only platform. Express.co.uk has everything revealed so far about why this is.

Why is Quibi shutting down?

According to Deadline, the streaming platform is officially shutting down after being live for just over six months.

The founders of the service Jeffrey Katzenberg and Meg Whitman are reportedly going to notify investors today (October 21) the reason behind the decision.

Express.co.uk will update readers about why this is when it has been announced.

They are also thought to float the possibility of selling it, and its raft of shows, on.

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