Hollywood's Blind Spot

ISBN-13: 9783565268856 / Angielski / Miękka / 104 str.

Kevin Vance

Opis

In April 2020, Quibi launched as the ultimate revolution in mobile entertainment. Backed by $1.7 billion in funding and led by Hollywood royalty and Silicon Valley veterans, it promised high-end, 10-minute shows designed specifically to be watched on smartphones. Just six months later, the company spectacularly collapsed, shutting down entirely.This business autopsy dissects one of the most expensive and rapid failures in corporate history. The book reveals how Quibi fundamentally misunderstood the mechanics of its own target audience. The executives assumed they could simply shrink traditional television formats and force consumers to pay for it, completely ignoring that platforms like TikTok and YouTube were already dominating the "short-burst" mobile market for free.By breaking down the disastrous misallocation of capital, the rigid refusal to allow users to share content on social media, and the arrogance of ignoring initial market feedback, the narrative provides a masterclass in what not to do.Learn the dangers of top-down innovation. This case study proves that unlimited funding and star power are completely useless if you fundamentally misread the psychological context of how your product is consumed.

Dissect the $1.7 billion catastrophe of Quibi and why Hollywood fundamentally misunderstood how we use our phones.