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Warner Bros Discovery says it is shutting down CNN+ streaming service

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Reuters
Reuters
Reuters is an international news organisation owned by Thomson Reuters

Warner Bros Discovery (WBD.O)announced Thursday that it would shut down its CNN+ streaming news service less than a month after its launch.

The media company said it envisions news as part of a broader streaming offering that would include sports, entertainment and nonfiction. It said it would pull the plug on the nascent streaming service to invest its resources in CNN’s core news-gathering operations.

“Our customers and CNN will be best served with a simpler streaming choice,” Worldwide Chairman and CEO Chris Licht said in a statement.

Also Read: CNN fires three employees for coming to work unvaccinated

The streaming service will cease operations on April 30 and customers will receive prorated refunds of subscription fees.

CNN launched the platform late last month in a bid to capitalize on the rising popularity of streaming video and the growth of digital subscriptions at major news organizations.

The streaming service offers a combination of living, on-demand and interactive programming, with an emphasis on original content.

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