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>HBO already was a premium service that had demonstrated they were able to produce content people were willing to pay for but...is anyone really shocked that CN
by nebula8804 3y ago
>HBO already was a premium service that had demonstrated they were able to produce content people were willing to pay for but...is anyone really shocked that CNN didn't have enough draw to maintain a profitable streaming service?
To be fair to CNN, the creation of that service was a weird saga where an outgoing CEO wanted to push it front and center as a pet project and spent an enormous amount of money on it.
But then when he was forced to leave due to a scandal just as the service launched, the incoming CEO had no love for his predecessor's pet project. So he pulled the plug immediately after all the money had already been spent.
Its a textbook example of the C-suite not actually caring about the business as a whole. Maybe the product could have been successful (although it is hard to see how people would pay for a product they don't want to consume when its free), but due to circumstances unrelated to the product, it never got a fair shot.