After pouring more than $100 million into CNN Plus, the network giant revealed that it’s shutting the doors on the project at the end of the month. The streaming service didn’t even get to celebrate its one-month birthday. The service had garnered less than 10,000 daily users.
However, CNN isn’t the only one to be facing streaming woes. Netflix announced its bleak Q1 report which stated a loss of 200,000 subscribers – the first time it lost subscribers in more than a decade. And we thought our buffering issues were bad!
Not yet subscribed to the PL;DR? Sign up for your weekly dose of hot takes on tech, partnerships, and global news.
The PL;DR is brought to you in partnership with Allbound, Crossbeam, Impact, Pandium, Partnered, and Reveal.
Join The 1700+ Leaders Transforming Partnerships
As a member of Partnership Leaders you will:
- Build and learn with the top partner people at the best companies around the world.
- Increase your impact and accelerate your career with proven resources, tools, and best practices.
- Grow a network of peers, partners, and advisors with common objectives.
