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<blockquote data-quote="WPLG" data-source="post: 20995" data-attributes="member: 158">CNN's <a href="https://apnews.com/article/business-arts-and-entertainment-media-chris-wallace-wolf-blitzer-8a67e77ad058aad8fb5fa22e6595812d" target="_blank">brand-new streaming service, </a> CNN+, is shutting down only a month after launch.In a Thursday memo, incoming CNN chief executive Chris Licht said the service would shut down at the end of April.CNN+ launched when its parent was still part of AT&amp;T.; It combined with Discovery earlier this month in a new company, <a href="https://apnews.com/article/technology-entertainment-business-discovery-inc-media-acee74679bcab54cf82b79d5f20d15bf" target="_blank">Warner Bros. Discovery, </a> under Discovery CEO David Zaslav, who had his own vision for CNN and its Warner siblings.In his memo, Licht said consumers wanted “simplicity and an all-in service” rather than “stand-alone offerings.” Discovery had previously suggested that it wanted to merge the new company's separate streaming services, which include Discovery+ and HBO Max, into a single app.Licht said some CNN+ content will wind up on other company networks, and the streaming service's employees will get opportunities to apply for jobs elsewhere inside Warner Bros. Discovery. The head of CNN+, Andrew Morse, is leaving the company.“While today’s decision is incredibly difficult, it is the right one for the long-term success of CNN. It allows us to refocus resources on the core products that drive our singular focus: further enhancing CNN’s journalism and its reputation as a global news leader,” Licht wrote.Under AT&amp;T;, there were $100 million in development costs and some 500 employees assigned to building out CNN+.<a href="https://www.local10.com/business/2022/04/21/cnns-streaming-service-shutting-down-a-month-after-launch/" target="_blank">Continue reading...</a></blockquote>

[QUOTE="WPLG, post: 20995, member: 158"] CNN's [URL='https://apnews.com/article/business-arts-and-entertainment-media-chris-wallace-wolf-blitzer-8a67e77ad058aad8fb5fa22e6595812d']brand-new streaming service, [/URL] CNN+, is shutting down only a month after launch. In a Thursday memo, incoming CNN chief executive Chris Licht said the service would shut down at the end of April. CNN+ launched when its parent was still part of AT&T.; It combined with Discovery earlier this month in a new company, [URL='https://apnews.com/article/technology-entertainment-business-discovery-inc-media-acee74679bcab54cf82b79d5f20d15bf']Warner Bros. Discovery, [/URL] under Discovery CEO David Zaslav, who had his own vision for CNN and its Warner siblings. In his memo, Licht said consumers wanted “simplicity and an all-in service” rather than “stand-alone offerings.” Discovery had previously suggested that it wanted to merge the new company's separate streaming services, which include Discovery+ and HBO Max, into a single app. Licht said some CNN+ content will wind up on other company networks, and the streaming service's employees will get opportunities to apply for jobs elsewhere inside Warner Bros. Discovery. The head of CNN+, Andrew Morse, is leaving the company. “While today’s decision is incredibly difficult, it is the right one for the long-term success of CNN. It allows us to refocus resources on the core products that drive our singular focus: further enhancing CNN’s journalism and its reputation as a global news leader,” Licht wrote. Under AT&T;, there were $100 million in development costs and some 500 employees assigned to building out CNN+. [url="https://www.local10.com/business/2022/04/21/cnns-streaming-service-shutting-down-a-month-after-launch/"]Continue reading...[/url] [/QUOTE]

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