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by xeromal 1526 days ago
You're right but now I want to calculate losses per day. haha

Quibli burned through 1.75 billion USD. I wonder how much CNN+ lost.

2 comments

> I want to calculate losses per day.

CNN+ lost $9.3M a day vs Quibi with $5.8M a day. [0]

[0] https://twitter.com/trungtphan/status/1517177312424316929

Development time accounts for more than the time between launch and shutdown.
That's an incredible amount of money to burn. Thanks for looking that up!
So I wonder if they’re laying off a bunch of people who were running CNN+? Where does that money go? Salaries? Marketing?
The article mentions $300m USD to develop CNN+