Why Hollywood Unions Aren’t Mourning Quibi’s Death

Quibi productions could use a loophole in guild contract rules involving minimum pay

For Hollywood unions, the demise of Quibi is cause for relief because the short-form format of the mobile-only streamer allowed it to exploit a loophole in the industry’s guild contracts when it comes to minimum pay.

Flush with investor money, one of Quibi’s main selling points was high quality content for smartphones, with budgets as high as $150,000 per minute on some projects, complete with A-List talent.

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Jeremy Fuster

Box Office Reporter • jeremy.fuster@thewrap.com • Twitter: @jeremyfuster