🚨 SCOOP: The implosion at The Daily Wire is accelerating!!
What started with Jeremy Boreing stepping down has now spiraled into MASS LAYOFFS and another FIRING of a senior executive — Alyssa Cordova, the Vice President of Public Relations.
Here’s all the juicy details. 🧵1/ https://t.co/wAb2haNovu
Nobody gets that streaming services CAN NOT make money anymore unless you basically have a monopoly (cbs, paramount, Disney, Netflix). Everybody thinks streaming will get them subscription revenue but 95 percent of the time it’s a money pit
I’d bet they, like most streamers outside of major production studios, saw it as a sequel to the “pivot to video” online media strategy and tried to squeeze more blood from a stone. Clearly doesn’t seem to have worked
Nobody gets that streaming services CAN NOT make money anymore unless you basically have a monopoly (cbs, paramount, Disney, Netflix). Everybody thinks streaming will get them subscription revenue but 95 percent of the time it’s a money pit
Somehow this information didn’t come across to the ruthless businessmen running Daily Wire.
I’d bet they, like most streamers outside of major production studios, saw it as a sequel to the “pivot to video” online media strategy and tried to squeeze more blood from a stone. Clearly doesn’t seem to have worked