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Thank you. Wondry. I'm David Brown, and this is Business Wars Daily on this Thursday, April 16th.

Have you taken a look at Quibi yet? Well, if you haven't, you've almost

certainly heard of the new mobile streaming service, right? Big bucks and huge talent were lined up to

bring miniature Netflix quality shows to your phone. The name Quibi stands for quick bites.

The idea was to make high-quality programs that were short enough to watch from start to finish

while waiting to do something else, say, riding the subway to work or standing in line at

the grocery store. The company had no plans to develop content for anything but phones. No

laptops, tablets, or Roku streaming devices, just phones. From the get-go, the concept seemed like a winner. After all, in 2012,

the typical smartphone owner spent a whopping six minutes a day on his or her phone. Six years

later, it was up to more than an hour, mostly scrolling social media or playing games. So why not

watch good TV on your device? Investors agreed, in spades. The brainchild of DreamWorks

...