GCN sold back to founder by Warner Bros. Discovery
has been sold back to its founder and CEO, Warner Bros. Discovery confirming the deal today. As we understand it, this does not mean that the GCN+ streaming platform will be returning any time soon, but the GCN brand will continue operating as it is currently on"YouTube, and other social platforms".
In September, it was reported that Warner Bros. Discovery was looking for a buyer for Play Sports Network, this week's deal coming six months after, namely the parent company wanting to consolidate live cycling coverage output as part of its Discovery+ service, leaving no place for the cycling streaming platform.In a press release shared with road.cc on Wednesday afternoon, Warner Bros. Discovery claimed the partnership had been"part of amplifying Warner Bros.
According to its Companies House accounts, Play Sports Network, which employs around 200 UK staff, generated revenues of £17.2 million in 2021, but made a loss of £10 million.In November, GCN founder Wear said it was"hugely disappointing" that GCN+ and the GCN app were to close, the move coming after Warner Brothers Discovery opted to move live cycling content to its Discovery+ platform.We’ve noticed you’re using an ad blocker. If you like road.
Cycling levels up and "positive" reaction to new cycle lane celebrated by council, one month on from outspoken critics claiming it was "accident waiting to happen for pedestrians" and would "cause carnage on the roads"
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