CNN kills its made-for-Snapchat daily show
Four months after it launched The Update on Snapchat, CNN is canceling the daily news show. According to the Wall Street Journal’s sources, CNN realized “there wasn’t a clear enough path to make money” with the show. That’s not the most surprising revelation – no one really knows if Snapchat shows are actually successful or how to measure the results.
CNN was one of many traditional media outlets, including Disney, NBC, A+E, MGM Television and ESPN, that launched shows for the millennial-friendly app. NBC even went as far as to partner with Snap on a mobile-only studio dedicated to creating content for the vertical video platform. But despite the hype and enthusiasm from the industry, Snapchat has struggled to add users at a satisfactory rate, leading the company to redesign the app last month.
CNN isn’t completely ditching Snap, though. In a joint statement provided to Engadget, the two companies said “Our relationship will very much be continuing.” They plan to “keep working together and mutually decided to hit pause as [they] explore the best opportunities for doing that.” CNN will continue to publish to the platform and pursue new projects with Snap. Who knows what that will bring, but in the meantime it’s probably a good idea for both parties to take a break until there’s a better way to measure the success of a Snapchat TV show.
Source: Wall Street Journal