“In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sust…
By Oliver Darcy and Brian Stetler | CNN
“In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling,” Discovery’s streaming boss J.B. Perrette said in a statement.
Hundreds of CNN+ staffers may lose their jobs. Licht said in an internal memo that “all CNN+ employees will continue to be paid and receive benefits for the next 90 days to explore opportunities at CNN, CNN Digital and elsewhere in the Warner Bros. Discovery family.” “It is not your fault that you had the rug pulled out from underneath you,” he said as he vowed to minimize the impacts to staff.
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