GM expands board to 13 with Meg Whitman and NBA's Mark Tatum
General Motors expanded its board of directors to 13, appointing former Hewlett-Packard chief Whitman and NBA executive Mark Tatum effective Thursday, March 25, 2021. Seven of GMs directors are now women, including board chair and Chief Executive Officer Mary Barra, who in 2014 became the first woman to lead a major U.S. automaker. (AP Photo/Richard Drew, File)DETROIT – General Motors said Thursday that it has expanded its board to 13 members and appointed former Hewlett-Packard chief Meg Whitman and NBA executive Mark Tatum as directors. There has been an acknowledgment in the U.S. and abroad that white men are overrepresented on the boards of major corporations. Women hold 43.8% of the board seats at companies in France’s 40 biggest publicly traded companies, the U.K. panel said.
Ex-HP CEO Meg Whitman and NBA COO Mark Tatum join General Motors board
DETROIT — General Motors is adding former Hewlett Packard executive Meg Whitman and National Basketball Association Chief Operating Officer Mark Tatum to its board, effective immediately. The elections come at a pivotal time for the automaker, which plans to transition to an all-electric vehicle lineup by 2035. They bring GM's board to 13 members, 12 of whom are independent directors. GM CEO and Chairman Mary Barra is the only company representative on the board. Tatum, 51, was appointed COO and deputy commissioner of the NBA in 2014.cnbc.com
Quibi's founder and CEO explain what went wrong
Quibi founder Jeffrey Katzenberg and CEO Meg Whitman told CNBC on Thursday that a convergence of factors led to the failure of the short-form entertainment service for mobile phones. I think we thought there would be easier adoption by people to it," Katzenberg said in an interview with Julia Boorstin. The company raised $1.75 billion in funding ahead of its launch, and investors included Disney, Comcast's NBCUniversal and AT&T's WarnerMedia. It's the only thing I know how to do and I've got a lot to prove," Katzenberg said. Disclosure: NBCUniversal is the parent company of CNBCCorrection: Meg Whitman is CEO of Quibi and was not a co-founder.cnbc.com
Short-video app Quibi shutting down just months after launch
Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. Being stuck at home made TV more desirable than watching on a phone, and Quibi only later and slowly rolled out TV options. "Likely for one of two reasons: because the idea itself wasn’t strong enough to justify a standalone streaming service or because of our timing,” Katzenberg and Whitman wrote. Mobile research firm Sensor Tower estimates 9.6 million installations of Quibi’s mobile app since its launch; that doesn't mean those are actually users. Other streaming services have benefited from having customers stuck at home during the pandemic.
Quibi officially announces it's shutting down
Quibi, the short-form entertainment service for mobile devices, announced on Wednesday that it will shut down, just over six months after its service launched. Investors in Quibi included legacy media companies like Disney, Comcast's NBCUniversal, and AT&T's WarnerMedia. Likely for one of two reasons: because the idea itself wasn't strong enough to justify a standalone streaming service or because of our timing," the said. Since then, reports surfaced that Katzenberg and Whitten were seeking additional funding to keep Quibi afloat as subscriber numbers failed to meet expectations. The company faced a lawsuit from the interactive video company Eko, which claimed Quibi violated Eko's patents for mobile video technology.cnbc.com
Guilfoyle's loud RNC speech makes her the comics' favorite
Stephen Colbert mimicked poking his head out from under a table after playing a clip of Guilfoyle on CBS' Late Show." I'm glad we already have kids, because I think I was sterilized by that.He called Guilfoyle a vengeful banshee who will haunt your dreams.On The Daily Show, Trevor Noah said Guilfoyle's speech was so loud that Canada called the cops. I want to wish a speedy recovery for anyone who watched the convention on headphones, he said. MSNBC's Morning Joe ran portions of her speech side-by-side with Dwight Schrute's classic award acceptance speech in The Office.Somewhere, Kimmel was taking notes. That stands in contrast to Colbert, who is doing the Late Show live for the two weeks of the convention.
Dems put divides aside, rally behind Biden at convention
In this combination image from video, former first lady Michelle Obama, Sen. Bernie Sanders, I-Vt., and former Republican Ohio Gov. John Kasich speak during the first night of the Democratic National Convention on Monday, Aug. 17, 2020. But it was an opportunity for Democrats and some Republicans to rally behind Biden, the party's presidential nominee. Trump sought to undermine the Democrats' big night by hosting a political rally in Wisconsin, where Biden's party had originally planned this week's convention. The Republican president made two swing-state campaign appearances on Monday, first in Minnesota and then in Wisconsin, which was to be the location for the Democrats' convention before the coronavirus outbreak.
Nomination surprises: 'The Mandalorian,' Quibi get Emmy love
The program was nominated for an Emmy Award for outstanding drama series on Tuesday, July 28, 2020. (Disney Plus via AP)NEW YORK The Emmy Award nominations announced Tuesday included some snubs and surprises. But it also earned Disney+ a nod for guest actor in a drama series for Giancarlo Esposito and a spot in the best drama race. AIRING JORDANMichael Jordan proved his competitive pull once more as the ESPN documentary The Last Dance earned three Emmy nominations. Homeland over its run has won eight Emmy awards for outstanding drama series, writing, editing and casting, among the trophies.
Meg Whitman says Quibi reached 1.7 million downloads in first week
New mobile streaming service Quibi saw 1.7 million downloads in its first week, CEO Meg Whitman said Monday on CNBC's "Squawk on the Street." But Whitman said the first week downloads surpassed expectations while sign-ups are still within a 90-day free trial period. In an early sign of engagement, Whitman said 80% of people who have started a show watch it through the first episode. Still, the adoption is small relative to launches like Disney's streaming service, Disney+, which announced the day after it started that it had more than 10 million subscribers. Even with tightening wallets, Whitman said she believes there is a unique place for Quibi alongside TV-based streaming subscriptions consumers already own.cnbc.com
Quibi streaming service will cost $5 a month with ads, or $8 without
Meg Whitman and Jeffrey Katzenberg revealed the final details of their streaming service Quibi Wednesday. The service will launch on April 6 for $4.99 per month with ads or $7.99 per month for an ad-free version. Whitman, Quibi's CEO, unveiled the service during a keynote speech at CES in Las Vegas. Instead of full-length shows, Quibi plans to set itself apart by targeting mobile users who can stream short episodes of programming that will run under 10 minutes. Quibi has signed on ten advertising partners for launch, Whitman said Wednesday, including Procter & Gamble, Walmart, PepsiCo, Google, Anheuser-Busch InBev and Progressive.cnbc.com
Quibi adds '60 Minutes' to growing roster of news partnerships
LOS ANGELES, Calif. - "60 Minutes" is the latest big name news brand to partner up with Quibi -- the upcoming and much-discussed short-form streaming service from Hollywood and Silicon Valley giants Jeffrey Katzenberg and Meg Whitman. CBS News and Quibi on Tuesday announced a licensing agreement that will bring a new news show called "60 in 6" to the streaming service. Each episode of the weekly series will be six minutes in length and will include a "wide range of compelling stories," according to the network. The new ESPN Quibi show will feature "daily episodes and breaking news covering the biggest stories in sports," the network said Monday. Quibi, which stands for "Quick Bites," will offer videos that are 10 minutes or less in length and created for viewing on mobile phones.
Short clips, big risk: Startup wants to turn streaming on its head
It's entering a market that's already overrun by short-form content from the likes of YouTube, Instagram and Snapchat, which is mostly free of cost. "I'm not sure we have much historic evidence that a younger demo is willing to pay much for short-form mobile video," Hare said. Katzenberg and Whitman are also taking a big risk releasing Quibi in the middle of the streaming wars. But, according to Whitman, Quibi isn't here to compete with Netflix, Disney+ or HBO Max. "If this becomes the must-have content service for the mobile generation, that would be a game changer."