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CNN to launch $6.99 “All Access” streaming subscription on October 28

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CNN will debut a new $6.99-per-month subscription tier called “All Access” on October 28, marking its latest move into streaming three years after Warner Bros Discovery shut down CNN+.

The new U.S.-only service will combine live and on-demand video programming with full access to CNN.com articles and a library of CNN Originals, the network said on Thursday. The “All Access” package expands on CNN’s existing Basic tier, which launched last year and offers unlimited digital content and subscriber-only articles.

Current pay-TV subscribers will be able to log in to the new service at no extra cost, while digital-only users can subscribe monthly or opt for an annual plan at $69.99, discounted to $41.99 for the first year if purchased by January 5.

CNN CEO Mark Thompson, the former New York Times executive credited with driving its digital transformation, has been pushing to modernize CNN’s business as Warner Bros Discovery seeks to offset falling cable revenue and refocus on streaming.

“This is an essential step in CNN’s evolution,” said Alex MacCallum, CNN’s executive vice president for digital products and services.

The launch comes as rival Fox Corp rolled out its own subscription-based service, Fox One, in August for $19.99 per month, signaling intensifying competition for paid digital news audiences.

Apple Losing Over $1 Billion Annually on Streaming Service, Report Says

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Apple (AAPL.O) is reportedly losing more than $1 billion annually on its streaming service, Apple TV+, according to a report by The Information on Thursday. The tech giant has invested over $5 billion per year on content since launching the service in 2019 but has cut its content spending by approximately $500 million in the past year.

Apple TV+, known for original shows like “Ted Lasso,” “The Morning Show,” and “Severance,” has struggled to keep up with competitors such as Netflix (NFLX.O), Disney+ (DIS.N), and Amazon Prime Video (AMZN.O) in terms of subscriber count. While Netflix leads the pack with 301.63 million subscribers, Apple TV+ is estimated to have reached 40.4 million subscribers by the end of 2024, according to Visible Alpha analysts.

Despite its struggles, Apple TV+ has been recognized for its quality productions, earning over 2,500 nominations and 538 awards, as highlighted by CEO Tim Cook in a January earnings call. The company has also bundled Apple TV+ with services like iCloud and Apple Music through its Apple One program, and it is available as part of a bundle with Comcast’s Peacock and Netflix at a discounted price of $15 per month.

YouTube leads TV streaming in U.S., according to Nielsen’s latest report

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Nielsen’s January report on viewing usage across linear TV and streaming has reaffirmed YouTube’s position as the top streaming service in the U.S., accounting for 8.6% of viewing on television screens. Netflix follows closely behind with 7.9% of TV usage. This data underscores YouTube’s continued dominance in the TV streaming landscape, marking 12 consecutive months of holding the top spot. Devamını Oku