This illustration photo shows a person about to use the Quibi app on a smart phone in Los Angeles, October 21, 2020. – Quibi, the short video streaming service launched in April in North America by Jeffrey Katzenberg, a former Disney boss, announced on October 21 the closure and resale of its catalog and other assets because of the pandemic but also because of its business model. (Photo by Chris DELMAS / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images)