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Transcripts For CNN Reliable Sources With Brian Stelter 20240708

with cnn, netflix, disney and twitter all left spinning with no stopping in sight. here at cnn, new ownership decided to shut down the cnn-plus streaming service less than a month after it was launched by the previous management team. the u-turn was front page news, stunning news and painful news for everyone involved. years of development possibly down the drain. some of the shows may never be seen. hundreds of staffers may be laid off, though the company is trying to place many of them in new jobs. amid these bruising headlines, folks are trying to make sense of it. some parts are believing the predictable points about talking points but the truth is, this was a corporate move. this cnn plus service was doomed because of the timing of the merger and clashing strategies. the new owner has plans to compline multiple streaming platform to make one big challenger for netflix. and speaking of which, this week netflix s earnings came out. incredible snag, subscriber numbers ....

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Transcripts for CNN Reliable Sources With Brian Stelter 20240604 15:06:00

New 9:00 p.m. host to appoint. he has to figure out what to do with the talent that was brought in for cnn plus and also there are hundreds of employees who potentially could be laid off. he s going to try to find in the town hall he was talking about trying to absorb some of those people into the organization. right. so he has work to do, he s got hundreds of people so he has work to do if he s going to find them other places inside cnn. is this story, sara, related to the netflix story? is it coincidence that cnn shut down the same week as netflix s earnings report but does this say something about the streaming business? yes, during the pandemic there was a huge boom in subscription streaming, people were willing to put that money out. but what we are seeing that market may not be as big as it once was. over and over consumers are willing to suspend about $40 a month on subscription services but that increased. that s the headline, this is a seed change for streaming. ....

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