#cnn plus collapse

[steadyscopemedia]

CNN+ and the $300 Million Flameout: What the Streaming Catastrophe Teaches About Market Blindness

In March 2022, CNN—backed by one of the most recognizable media brands in the world—launched CNN+, a premium streaming service meant to usher the news giant into the future. Just 30 days later, the service was gone, shuttered in what is now widely considered one of the fastest and most expensive failures in streaming history. More than $300 million was invested. Over 500 employees were hired.…

CNN+ and the $300 Million Flameout: What the Streaming Catastrophe Teaches About Market Blindness