Fox Corp CEO Lachlan Murdoch is more than pleased that CNN is getting into the streaming game with the forthcoming launch of CNN+. His reasoning? It proves they were ahead of the game with Fox Nation, which debuted back in 2018.
“When someone copies you it’s the best form of flattery,” Murdoch said Wednesday during the company’s earnings call. “We don’t see CNN launching into that space as anything other than affirming of our strategy and what we’re doing.”
CNN will launch its streaming service, CNN+, in the first quarter of 2022. The move into streaming is highly anticipated given CNN has lagged behind competitors Fox News — which has three different streamers — and MSNBC in this space. The launch of CNN+ comes after the company’s previous big digital venture, Great Big Story, folded last fall.
Murdoch devoted a lot of time to Fox Corp’s streaming ambitions during the call.
“When someone copies you it’s the best form of flattery,” Murdoch said Wednesday during the company’s earnings call. “We don’t see CNN launching into that space as anything other than affirming of our strategy and what we’re doing.”
CNN will launch its streaming service, CNN+, in the first quarter of 2022. The move into streaming is highly anticipated given CNN has lagged behind competitors Fox News — which has three different streamers — and MSNBC in this space. The launch of CNN+ comes after the company’s previous big digital venture, Great Big Story, folded last fall.
Murdoch devoted a lot of time to Fox Corp’s streaming ambitions during the call.
- 8/4/2021
- by Tim Baysinger
- The Wrap
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