By cryptoadmin 
CNN is shedding extra staff and planning to launch one other streaming service, based on a memo from CEO Mark Thompson obtained by The Hollywood Reporter. Round 200 staff jobs are being reduce, affecting six % of CNN's present workers.
The modifications are being made in response to "profound and irreversible shifts in the way in which audiences in America and world wide eat information," based on Thompson. Launching a brand new streaming service after the abject failure of CNN+ — the previous streaming dwelling of Stanley Tucci: Trying to find Italy — is seemingly tied to that very same considering.
In line with Thompson:
At this time, I can announce that we plan to develop a brand new means for digital subscribers at dwelling and overseas to stream information programming from us on any gadget they select. It's early days however we’ve already established that there’s immense demand for it not simply in America however throughout a lot of the world.
A few of CNN's exhibits are already out there on Max, the streaming service of its mother or father firm Warner Bros. Discovery, however this new service would presumably be a profit for subscribers who pay for CNN straight. The corporate launched a subscription to CNN.com in October 2024 for $3.99 per thirty days or $29.99 per yr.
Given the lower than 10,000 day by day customers CNN+ was reportedly ready to herald, it positively looks like any new streaming service may have an uphill battle.
This text initially appeared on Engadget at https://www.engadget.com/leisure/streaming/another-cnn-streaming-service-is-coming-because-that-totally-worked-last-time-201116927.html?src=rss