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Daily wire lays off 25% of it's staff
(twitter-thread.com)
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this post was submitted on 29 Mar 2025
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chapotraphouse
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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