ET Quibi Is Exploring a Sale: Live Updates RIGHT NOW Hollywood unions and studios have reached a deal to resume filming. The short-form streaming service Quibi is exploring options, including a sale. While Quibi is not in danger of running out of cash immediately, raising funds could help stem any short-term worries. “We do not comment on rumor or speculation.” The Wall Street Journal first reported that Quibi was exploring its options. Under the initial terms, ByteDance would still control 80 percent of TikTok Global, two people with knowledge of the situation have said, though details may change.

Source: New York Times September 21, 2020 11:30 UTC