(Reuters) – Warner Bros Discovery is shutting down its CNN+ streaming news service, Variety reported on Thursday, citing two people familiar with the matter.
The media firm is expected to provide details to employees on Thursday, the report https://variety.com/2022/tv/news/cnn-plus-shut-down-warner-bros-discovery-1235237913 said.
Warner Bros Discovery, whose shares fell 5.6% on the news, did not immediately respond to a Reuters request for comment.
CNN launched CNN+ late last month in a bid to capitalize on the rising popularity of streaming video and growth of digital subscriptions at major news organizations.
The streaming service offers a combination of live, on-demand and interactive programming, with an emphasis on original content.
(Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni)
