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Joe Rogan mocks $1bln failed CNN+ that spent $300mln for 10K subscribers while he gained 2M new subs during pandemic
Joe Rogan Reveals He Gained 2 MILLION New Subscribers During the Pandemic, Trashes CNN
Following a string of reports about underwhelming subscriber numbers, Discovery has reportedly decided to shut down CNN+, CNN’s ill-fated streaming service, one month after its launch.
Given all the carnage in the streaming space lately, it looks like Discovery and Warner Brothers have decided to cut their losses.
According to reports from Variety and the New York Times, the service will cease operation on April 30.
Chris Licht, the incoming CEO of CNN, sent a memo to staffers Thursday morning about “an important meeting” to be held at noon, and is at that time expected to inform staffer about the decision, these people said. Licht has already told Andrew Morse, the CNN executive vice president who oversees the newly-launched streaming-video outlet, of the decision, these people said. Morse could not be reached for immediate comment.
As we reported earlier this month, CNN+’s dramatic failure to launch comes after it lured talent such as Chris Wallace from Fox News and Kasie Hunt from NBC News. There had been reports about ‘big cuts’ that were in store for the streaming service due to the low adoption rate. The news giant was initially planning to invest around $1 billion in the service over the next four years.
As the NYT explained, CNN+’s fortunes changed abruptly after its former parent, WarnerMedia (owner of HBO and the storied Warner Bros.
lorphicweb.com/joe-rogan-mocks-1bln-failed-cnn-that-spent...
Joe Rogan mocks $1bln failed CNN+ that spent $300mln for 10K subscribers while he gained 2M new subs during pandemic
Joe Rogan Reveals He Gained 2 MILLION New Subscribers During the Pandemic, Trashes CNN
Following a string of reports about underwhelming subscriber numbers, Discovery has reportedly decided to shut down CNN+, CNN’s ill-fated streaming service, one month after its launch.
Given all the carnage in the streaming space lately, it looks like Discovery and Warner Brothers have decided to cut their losses.
According to reports from Variety and the New York Times, the service will cease operation on April 30.
Chris Licht, the incoming CEO of CNN, sent a memo to staffers Thursday morning about “an important meeting” to be held at noon, and is at that time expected to inform staffer about the decision, these people said. Licht has already told Andrew Morse, the CNN executive vice president who oversees the newly-launched streaming-video outlet, of the decision, these people said. Morse could not be reached for immediate comment.
As we reported earlier this month, CNN+’s dramatic failure to launch comes after it lured talent such as Chris Wallace from Fox News and Kasie Hunt from NBC News. There had been reports about ‘big cuts’ that were in store for the streaming service due to the low adoption rate. The news giant was initially planning to invest around $1 billion in the service over the next four years.
As the NYT explained, CNN+’s fortunes changed abruptly after its former parent, WarnerMedia (owner of HBO and the storied Warner Bros.
lorphicweb.com/joe-rogan-mocks-1bln-failed-cnn-that-spent...