Streaming in Crisis (w/Lucas Shaw)
On Dead Cat, we talk about Netflix's painful quarter and the CNN+ implosion
Netflix’s stock price has been in free fall. The company was worth more than $300 billion late last year and now the stock market values the company at just $89 billion.
At the same time, CNN’s buzzy streaming service CNN+ didn’t even get the chance to spread its wings. David Zaslav, now the CEO of Warner Bros. Discovery, pulled the plug on the nascent streaming service after Discovery closed its acquisition of CNN parent company WarnerMedia.
On this week’s Dead Cat, Tom Dotan and I talk with Bloomberg’s Hollywood whisperer, Lucas Shaw, about Netflix’s struggles and the untimely demise of CNN+.
Give it a listen.