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CNN’s parent company said Thursday it will shut down CNN+, a streaming service launched less than one month ago.
Warner Bros. Discovery Inc. announced the streaming service’s operations would end April 30. The service — which carried live news, original series and interactive features — launched March 29.
“In a complex streaming market, consumers want simplicity and an all-in service which provides a better experience and more value than stand-alone offerings, and, for the company, a more sustainable business model to drive our future investments in great journalism and storytelling,” said J.B. Perrette, president of global streaming at Warner Bros. Discovery, in a statement.
“We have very exciting opportunities ahead in the streaming space and CNN, one of the world’s premier reputational assets, will play an important role there,” the statement said.
CNN+ leader Andrew Morse is leaving Warner Bros. Discovery, the company said.
CNN is a division of Warner Bros. Discovery Inc.
Customers who signed up for the CNN+ streaming service will receive prorated refunds, the company said.
Source: This post first appeared on NBC News