CNN+ Shutting Down After Just One Month
ATLANTA, GEORGIA - MARCH 15: People walk by the world headquarters for CNN on March 15, 2022 in Atlanta, Georgia. Last month CNN's president Jeff Zucker resigned over a consensual, but unreported, relationship with a colleague. Television producer Chris Licht will become the company's new president in April. (Photo by Anna Moneymaker/Getty Images)

Move over, Quibi – we’ve got a new champion for the biggest flop of the streaming era.

CNN announced Thursday that its CNN+ streaming service would shut down on April 30th – barely a month after its launch on March 29th.

It’s a huge loss for CNN, which reportedly sunk over $100 million into launching the service, bringing in celebrities like Eva Longoria and Chris Wallace and adding new shows for personalities like Anderson Cooper and Jake Tapper.

In a memo, network president Chris Licht wrote “While today’s decision is incredibly difficult, it is the right one for the long-term success of CNN”.

 

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