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EU deploys assistance for Cyprus as huge forest fire rages


NICOSIA, July 3 (Reuters) – The European Union on Saturday deployed aerial assistance to help Cyprus contain a huge forest fire raging north of the cities of Limassol and Larnaca, a blaze one official called the worst on record.

The blaze, fanned by strong winds, affected at least six communities in the foothills of the Troodos mountain range, an area of pine forest and densely vegetated shrubland.

The EU’s executive, the European Commission, said fire-fighting planes had departed from Greece to battle the fire and Italy was also planning to deploy aerial fire-fighters.

The EU’s emergency Copernicus satellite was also activated to provide damage assessment maps of the affected areas, the Commission said in a statement.

“It is the worst forest fire in the history of Cyprus,” Forestries Department Director Charalambos Alexandrou told Cyprus’s Omega TV.

Attempts were being made to prevent the blaze from crossing the mountains and stop it before reaching Machairas, a pine forestland and one of the highest peaks in Cyprus.

Alexandrou said the perimeter of the fire was “at least 40 kilometres”.

Dozens of properties were damaged, but no injuries were reported. There were widespread power cuts in the area. Plumes of smoke were visible in the capital Nicosia, some 75 km (45 miles) away.

Officials said that in addition to Greece’s assistance with two aircraft, help was also expected from Israel.

“This is a very difficult day for Cyprus. All of the state’s mechanisms are in gear, and the priority is for no loss of life,” Cypriot President Nicos Anastasiades tweeted.

Israel accepted Nicosia’s plea for help, a statement from Prime Minister Naftali Bennett said, and will send firefighting aircraft to Cyprus on Sunday.

The cause of the fire, which started around midday, was unclear. Cyprus has experienced a heatwave this week, with temperatures exceeding 40 Celsius (104 Fahrenheit). Police said they were questioning a 67 year old person in connection with the blaze.

“It passed through like a whirlwind, it destroyed everything,” said Vassos Vassiliou, the community leader of Arakapas, one of the communities affected.

Reporting by Michele Kambas, additional reporting by Maayan Lubell in Jerusalem and by John Chalmers in Brussels
Editing by Ros Russell, David Gregorio and Diane Craft

Our Standards: The Thomson Reuters Trust Principles.



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Quibi Is Shutting Down Barely Six Months After Going Live


Quibi Holdings LLC is shutting down, according to people familiar with the matter, a crash landing for a once-highflying entertainment startup that attracted some of the biggest names in Hollywood and had looked to revolutionize how people consume entertainment.

The streaming service, which served up shows in 5- to 10-minute “chapters” formatted to fit a smartphone screen, has been plagued with problems since its April launch, facing lower-than-expected viewership and a lawsuit from a well-capitalized foe.

On Wednesday, founder Jeffrey Katzenberg called Quibi investors to tell them he is shutting the service down, some of the people said.

Mr. Katzenberg and Chief Executive Meg Whitman decided to shut down the company in an effort to return as much capital to investors as possible instead of trying to prolong the life of the company and risk losing more money, according to the people familiar with the matter.

Employees will be laid off and will be paid a severance, the people said, and the company will explore selling the rights to some of its content to other media and technology firms.

The decision marks a disappointing turn of events for Mr. Katzenberg, a former

Walt Disney Co.

executive and DreamWorks co-founder who pitched the streaming service as a revolutionary new entrant to the video-streaming wars.

Quibi was designed for people who consume entertainment in short increments on their smartphones, but the coronavirus pandemic forced would-be subscribers away from the kinds of on-the-go situations Quibi executives envisioned for its users. Quibi eventually allowed subscribers to watch its shows on their TVs.

Even before the Covid-19 crisis, Quibi had its share of skeptics in the media world, since consumers already had free options for short-form video, such as

Alphabet Inc.’s

YouTube. Quibi’s bet was that it could charge subscriptions by creating higher-end content, and it paid handsomely to develop that programming. Some Quibi executives believed the venture could have been a success, if not for the pandemic, with better execution, pointing to the rise of TikTok, people close to the company said. Some of them believed, for example, that Quibi could pivot to a “freemium” model, offering some content for free while making customers pay for the top programming.

Quibi, which cost $4.99 a month, also had to compete with a growing number of rivals, with Walt Disney’s Disney+,

Apple Inc.’s

Apple TV+,

AT&T Inc.’s

HBO Max and

Comcast Corp.’s

Peacock all launching in the past year.

Mr. Katzenberg and Ms. Whitman had raised about $1.75 billion from high-profile investors including Disney, Comcast’s NBCUniversal and AT&T’s WarnerMedia.

The company spent aggressively to develop its content. Its lineup of star-studded programming included a court show featuring Chrissy Teigen, a romantic comedy with Anna Kendrick and an action thriller starring Christoph Waltz and Liam Hemsworth.

Quibi has drawn on the deep Hollywood connections of Mr. Katzenberg, who ran Disney’s movie business, co-founded DreamWorks SKG and led its animation spinoff DreamWorks Animation SKG Inc., the studio behind “Shrek” and “Kung Fu Panda.”

The streaming service attracted blue-chip advertisers including

PepsiCo Inc.,

Walmart Inc.

and

Anheuser-Busch InBev SA,

securing about $150 million in ad revenue in the runup to its launch. Those deals came under strain earlier this year amid lower-than-expected viewership for Quibi’s shows, prompting advertisers to defer their payments.

In recent weeks, Quibi hired a restructuring firm, AlixPartners LLP, to evaluate its options, the people said. It recommended the options to the board of directors this week, laying out a list that included shutting the company down.

AlixPartners didn’t immediately respond to a request for comment. The firm previously handled the bankruptcy of Enron Corp.,

General Motors Co.

and Kmart.

Earlier Wednesday, Mr. Katzenberg and Ms. Whitman held a conference call with investors to explain the decision to shut the company down. During the call, Mr. Katzenberg told investors that the company decided to return $350 million in capital rather than pursue a new strategy that could have attracted additional subscribers but would have required a hefty investment, according to a person familiar with the call.

The Information earlier reported that Mr. Katzenberg told people in the media industry he may have to shut down the company.

The decision to hire AlixPartners came after starting a process to sell the company, The Wall Street Journal reported. Quibi pitched suitors including NBCUniversal on a sale, according to people familiar with the matter, but would-be buyers were put off by the fact that Quibi doesn’t own many of the shows it puts on its platform.

NBCUniversal declined to comment.

Quibi is also fighting a legal battle with interactive-video company Eko, which claims Quibi is violating its patents and has stolen trade secrets. Hedge fund Elliott Management Corp. is financing the high-stakes patent lawsuit.

The fight centers on a key feature of Quibi’s app that plays different videos for users depending on whether they are holding their phone horizontally or vertically. Quibi has denied infringing on Eko’s patents or stealing trade secrets.

Write to Benjamin Mullin at [email protected], Joe Flint at [email protected] and Maureen Farrell at [email protected]

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