Posted on 04/13/2022 6:32:48 AM PDT by blam
Despite the hype, CNN’s Internet streaming service, CNN+, has already tanked in its first month online after hiring the likes of left-wing “sports” commentators Jemele Hill and serial fabulist Rex Chapman.
CNN’s streaming service launched only two weeks ago to great fanfare, but now it is being reported that the company is already gutting its investment into the service by millions. Even left-wing Axios noted that the “dramatic cut” is being made “in response to low adoption,” i.e., disastrously low subscription levels.
CNN is now owned by WarnerMedia just as it is merging with Discovery, and some of the execs of these entities are a bit confused as to why CNN rushed through its launch of the now failing service before the merger was complete. And it also does not appear that the new slate of bosses who will have responsibility for CNN+ — including incoming CNN chief Chris Licht– are married to the idea of keeping the service in operation.
It also already appears that mass layoffs will hit CNN+ early as next month, Charles Gasparino reported on March 30.
Breaking: @CNNplus employees bracing for layoffs possibly as soon as May amid projections of lackluster sales of new streaming channel; CNN employees say new streaming channel could be merged into larger @discoveryplus as early as May unless subscriptions pick up 130 @FoxBusiness
— Charles Gasparino (@CGasparino) March 30, 2022
This dire assessment should set some of CNN+’s new “stars” on edge.
Former ESPN commentator and hardcore leftist Jemele Hill, for one, was thrilled to be back to video after signing her deal with CNN+. Hill insisted in March that CNN+ was a perfect fit for her “boldness and strength.”
(snip)
(Excerpt) Read more at breitbart.com ...
CNN management when they created CNN+ in the image of Fox straming service, neglected one important item....liberals are cheapskates and won’t pay for anything. It’s always the “rich” who are going to pay for their schemes
Tere are so few subscribers because their target audience simply doesn’t pay for anything anyway.
Yeah alec baldwin crashed and burned so bad he actually called his mommy on air because he had no callers.
Well, the reasons for their failure are not all specific to CNN. In general, there is simply not much demand for streaming services that charge more money for less content than previous services offered.
Especially not when all that content is also available for no charge at all if you are unscrupulous about streaming from an illegal site.
Businesses are flailing to find a new profit model to make money from distributing information in an era where the technology makes profiting from distributing information a losing proposition, since all information can be copied endlessly and distributed to anyone in the world for virtually no cost. The value of a good is in large part determined by scarcity, and technology has eliminated the entire concept of scarcity of information. Businesses just haven’t caught up to that reality yet.
Yes, and he is totally insufferable on Twitter
A person who cannot stop spinning lies and fables.
Let’s see if I get the genius of their logic...
“When we offer our product for free nobody wants it. So let’s start charging for it to increase the audience.”
An I close?
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