Just 30 days after launch, CNN+ announced it is ending its service at the end of the month.
CNN+ launched with a goal of getting 2 million subscribers in its first month and came up very short, gaining only 150,000 subscribers.
Variety was the first to report on Warner Bros. Discovery shutting down the streaming service. According to the network, CNN+ customers “will receive prorated refunds of subscription fees.”
“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,” Discovery’s streaming boss J.B. Perrette said via a statement.
Breaking: 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. Here's our initial story – more to come https://t.co/JElI3cVyDF
— Brian Stelter (@brianstelter) April 21, 2022
Breaking: CNN+ is being shut down on April 30. This might be the most spectacular failure we’ve seen in media history. And that ain’t hyperbole. $300 million spent for less than 30 days of existence.
— Joe Concha (@JoeConchaTV) April 21, 2022
You know Clay Travis had to chime in with his thoughts on the latest debacle by CNN.
This is one of the most amazing Tweets ever. Glorious. pic.twitter.com/rvEXQX4DtG
— Clay Travis (@ClayTravis) April 21, 2022
Newsbusters cooked up a hilarious graphic to celebrate the momentous day in CNN Fake News history.
— NewsBusters (@newsbusters) April 21, 2022
Maybe every single news station doesn't need to launch a paid app. Well, now we know for sure that CNN doesn't.
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