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Leaked CNN+ revenue, profit, user projections

2 pointsby cwwcabout 3 years ago

2 comments

richlissabout 3 years ago
This is almost the perfect poster child for big upfront launch mandated by egotistical senior product people.<p>CNN+ could have been launched like a startup using Lean Startup&#x2F;agility:<p>1. Take a third party streaming technology and create a simple solution and launch for free and see how many people start using it from friends and family. If lots then improve, if not then cancel and save a fortune.<p>2. If growth continues then launch to existing subscribers for free for 12 months, if not then cancel the project and save a fortune. Review how many people start using it over a longer time frame.<p>3. If growth continues launch as-is to everyone for free for 12 months and if not, cancel and save a fortune.<p>4. If growth continues introduce a cheap model after 12 months to entrap people and build out a better solution. If not cancel and save a fortune.<p>Cancelling and saving a fortune should be celebrated like success.<p>Instead a Senior Product person at CNN will have either jumped ship already or will jump ship soon to another senior role somewhere else with &quot;launching a flagship online streaming platform&quot; on their CV.<p>A lot of product people think they are Steve Jobs and shouldn&#x27;t be questioned about their vision by the tech people. Only one was but a lot of companies still get hoodwinked by a charming Product person who paints a blue sky picture of possibility and the large scary threat of competitors.
spupeabout 3 years ago
&gt; By the time the service was shut down, CNN+ had garnered around 150,000 subscriptions in a little over two weeks from launch.<p>This is baffling. Regular CNN has ~540,000 daily viewers, with less than 130,000 of those being younger than 54 years old [1]. It is just inconceivable in my mind that about a third of this largely geriatric audience would sign up for CNN+ in two weeks, AND that somehow they thought this was too few people.<p>[1] <a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;markjoyella&#x2F;2022&#x2F;02&#x2F;21&#x2F;cnns-ratings-collapse-prime-time-down-nearly-70-in-key-demo&#x2F;?sh=6ec84c26dda0" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;markjoyella&#x2F;2022&#x2F;02&#x2F;21&#x2F;cnns-rat...</a>
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