Ahead of its scheduled launch next month, Jeffrey Katzenberg’s Quibi, has raised an additional $750M in funding. The company plans to launch an app that offers short-form video content for a $4.99/mo subscription. Founded in 2018, Quibi has now raised a total of $1.75B in total funding and is backed by investors that include Alibaba Group, Greenspring Associates, Madrone Capital Partners, Liberty Global, Time Warner, The Walt Disney Company, Warner Bros., 21st Century Fox, Viacom, MGM Studios, Sony Pictures Entertainment, and Entertainment One.
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