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Thank you for clarifying that. That is interesting. I think I first heard of Quibi from their superbowl ad. That right there is a red flag. There's a certain c
by cletus 6y ago
Thank you for clarifying that. That is interesting.
I think I first heard of Quibi from their superbowl ad. That right there is a red flag. There's a certain class of people who think the thing that they happen to do is the most important thing in the world. You have MBA types who argue "good managers can manage anything" (ie you don't need domain knowledge). You have marketers who think that any success is purely a function of the marketing put into it. Worse, any successful launch (eg Disney+) will be seen as a success for marketing.
Time and time again we've seen throwing money at marketing fail to sell a bad product.
The whole focus on celebrities for Quibi I find interesting, particularly in light of this comment about where the money came from. I'm imagining people who are just horribly out of touch in that they come from an era when celebrity endorsements can sell anything. Or maybe it's people who just want to hang out with celebrities. What better way than to run a "studio"?
I mean, Reese Witherspoon getting paid $6m to do a voice over for a show about cheetahs? Wow.
The more I see about Meg Whitman the more I'm convinced she's just an idiot who happened to be in the right place at the right time (with HP). Like I'm honestly shocked eBay went anywhere with her at the helm. Because what else has she done? Tried to buy political office (and failed). Quibi. RIP.
- SilasX 6y agoYikes! Didn't know that bit about Witherspoon. From the article: >>Staffers reportedly “seethed”[1] at Reese Witherspoon’s $6m salary ... (Witherspoon’s husband Jim Toth is the head of talent and content acquisition at the company.) Nepotism, much? [1] https://pagesix.com/2020/06/02/quibi-staffers-seethe-at-reese-witherspoons-6m-payday-amid-layoffs/ https://pagesix.com/2020/06/02/quibi-staffers-seethe-at-rees...
- mywittyname 6y agoHollywood being Hollywood.
- SilasX 6y agoYeah but that still seems like a severe overpayment. I mean, I get that connections will make a big difference in getting the role, but I never expected it would allow someone to get away with overpaying to such a connection.
- blaser-waffle 6y agoWhy else be the head of anything? To get yours, mang
- gnicholas 6y agoThe real question is: did the husband score Reece a sweet deal, or was the husband recruited so that Quibi could snag Reece at all?
- sukilot 6y agoWhitman grew eBay from $4m/yr revenue to $8B/yr and a $billion exit in 10 years. That's not an accident. Good managers can manage anything, if the thing has potential. What they can't do is succeed by managing nothing.
- trimbo 6y ago> The more I see about Meg Whitman the more I'm convinced she's just an idiot who happened to be in the right place at the right time Well, in this case at least she partnered with the right person. I am not sure if anyone in Hollywood raises money better than Jeffrey Katzenberg (both for business and politics).