Warner Bros Discovery says it is shutting down CNN+ streaming service

The Warner Bros brand is seen in the course of the annual MIPCOM tv programme market in Cannes, France, October 14, 2019. REUTERS/Eric Gaillard/File Picture

April 21 (Reuters) – Warner Bros Discovery (WBD.O)introduced Thursday that it could shut down its CNN+ streaming information service lower than a month after its launch.

The media firm mentioned it envisions information as a part of a broader streaming providing that would come with sports activities, leisure and nonfiction. It mentioned it could pull the plug on the nascent streaming service to speculate its assets in CNN’s core news-gathering operations.

“Our prospects and CNN can be greatest served with a less complicated streaming alternative,” CNN Worldwide Chairman and CEO Chris Licht mentioned in a press release.

The CNN+ streaming service will stop operations on April 30 and prospects will obtain prorated refunds of subscription charges.

CNN launched CNN+ late final month in a bid to capitalize on the rising reputation of streaming video and progress of digital subscriptions at main information organizations.

The streaming service gives a mixture of stay, on-demand and interactive programming, with an emphasis on authentic content material.

Reporting by Daybreak Chmielewski in Los Angeles and Eva Mathews in Bengaluru; Enhancing by Aditya Soni and Andrea Ricci

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