Streaming ceased on April 28th
if they were early subscribers), hoping the uptick of subscribers would eventually shift to making money instead of only spending it. By 2024, CNN thought it’d only lose $200 million, and break even in 2025. From there, the company expected to make $200 million in 2026 before slowly crawling its way up to its $800 million decade-end goal in 2030.
We don’t know the exact logic that caused CNN to pull the plug, but seeing how CNN Plus only had 150,000 subscribers and apparently needed to burn $1 billion for a chance at that $800 million a year, it’s not hard to see what was at stake. Instead, CNN got out early.Subscribe to get the best Verge-approved tech deals of the week.Please confirm your subscription to Verge Deals via the verification email we just sent you.
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