Inside Quibi’s Pitch to Advertisers: Content-Driven, Brand-Safe—and Expensive

One source pegged CPM rate in the $60-$70 range

There have been quite a few flashy announcements about the big names coming to Quibi, the upcoming short-form mobile video platform helmed by former DreamWorks Animation CEO Jeffrey Katzenberg and longtime businesswoman Meg Whitman. Directors Steven Spielberg, Steven Soderbergh and Guillermo del Toro are penning projects for the platform, to name a few A-listers, and actress Anna Kendrick and personality Chrissy Teigen are heading up their own shows on the service.

On the advertising side, though, there hadn’t been much public news at all—that is until Wednesday, when Katzenberg and Whitman announced at the Cannes Lions International Festival of Creativity that major brands like AbInBev, Google, P&G and Walmart had

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