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Quibi Raises $2 Billion for Short Video Startup
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05:27 - 07:51 (02:23)

Former DreamWorks CEO Jeffrey Katzenberg has raised $2 billion pre-launch for his new startup, Quibi, which will focus on short, 10-minute videos. The success of streaming services like Netflix has made this a good time to start a production studio like Quibi.

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