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A comment on CNN+ streaming service is shutting down a month after launching. Parent comment

Re:CNN+ streaming service is shutting down a month after lau... by xeromal on Thursday April 21, 2022 @12:45PM (#31111819)
What was that service that only worked on phones with in-house made 10 minute TV shows? That one was incredibly expensive.

Edit: Quibi

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Re:CNN+ streaming service is shutting down a month after lau... by dmosley on Thursday April 21, 2022 @12:47PM (#31111851)
Quibi was launched April 6th, 2020 and dissolved December 1, 2020. It lasted nearly 8 months.
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Re:CNN+ streaming service is shutting down a month after lau... by xeromal on Thursday April 21, 2022 @12:50PM (#31111898)
You're right but now I want to calculate losses per day. haha

Quibli burned through 1.75 billion USD. I wonder how much CNN+ lost.

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Re:CNN+ streaming service is shutting down a month after lau... by rvz on Thursday April 21, 2022 @01:01PM (#31112051)
> I want to calculate losses per day.

CNN+ lost $9.3M a day vs Quibi with $5.8M a day. [0]

[0] https://twitter.com/trungtphan/status/1517177312424316929

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Re:CNN+ streaming service is shutting down a month after lau... by bagels on Thursday April 21, 2022 @03:52PM (#31114407)
Development time accounts for more than the time between launch and shutdown.
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Re:CNN+ streaming service is shutting down a month after lau... by xeromal on Thursday April 21, 2022 @01:03PM (#31112085)
That's an incredible amount of money to burn. Thanks for looking that up!
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Re:CNN+ streaming service is shutting down a month after lau... by wincy on Thursday April 21, 2022 @01:13PM (#31112255)
So I wonder if they’re laying off a bunch of people who were running CNN+? Where does that money go? Salaries? Marketing?
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Re:CNN+ streaming service is shutting down a month after lau... by celestialcheese on Thursday April 21, 2022 @12:54PM (#31111946)
The article mentions $300m USD to develop CNN+
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Re:CNN+ streaming service is shutting down a month after lau... by filoleg on Thursday April 21, 2022 @12:47PM (#31111848)
Was it Quibi?[0]

0. https://en.wikipedia.org/wiki/Quibi

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