CNN announced CNN+ in later march but less than one month after launching the streaming service is shutting down.
CNN's parent company said Thursday it will shut down CNN+, a streaming service launched less than one month ago. The streaming service's operations would end April 30, 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.
CNN+ leader Andrew Morse is leaving Warner Bros. Discovery, the company said, and the company had around $100 million and hired hundreds of employees for CNN+. The CNN+ product was created when CNN was still under AT&T's WarnerMedia.
Chris Licht, the incoming chairman and CEO of CNN, said the company would focus efforts on its core newsgathering operation.
"This is not a decision about quality; we appreciate all of the work, ambition and creativity that went into building CNN+, an organization with terrific talent and compelling programming," Licht said in a statement. "But our customers and CNN will be best served with a simpler streaming choice."
Customers who signed up for the CNN+ streaming service will receive prorated refunds, the company said.
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