The Palmieri Report previously reported on CNN+ being doomed.
Now, we have this.
It is officially being shut down – after just 21 days.
CNN+, the streaming service that was hyped as one of the most signifiant developments in the history of CNN, will shut down on April 30, just one month after it launched. https://t.co/K92mv8qBE7
— CNN (@CNN) April 21, 2022
Warner Bros. Discovery is shutting down CNN+ as of April 30, according to two people familiar with the matter, marking one of the companyâ€™s first significant maneuvers since completing the merger of WarnerMedia and Discovery less than two weeks ago.
The decision puts an end to a venture that people familiar with the matter say rankled David Zaslav, the new CEO of Warner Bros. Discovery, from the start. Zaslav was annoyed by the decision of Jason Kilar, the former CEO of WarnerMedia when it was owned by AT&T, to launch CNN+ just weeks before Discovery was set to take over operations.
â€œThis decision is in line with WBDâ€™s broader direct-to-consumer strategy,â€ said Chris Licht, the incoming CEO of CNN, in a statement. â€œIn a complex streaming market, consumers want simplicity and an all-in service, which provides a better experience and more value than stand-alone offerings.â€ Zaslav has been open in the recent past about his desire to combine all of the companyâ€™s streaming-video assets, which also include Discovery+ and HBO Max, under a single umbrella.”
Breaking: CNN+ is being shut down on April 30. This might be the most spectacular failure weâ€™ve seen in media history. And that ainâ€™t hyperbole. $300 million spent for less than 30 days of existence.
— Joe Concha (@JoeConchaTV) April 21, 2022
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.Â
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