CNN’s parent company said Thursday it will shut down CNN+, a streaming service launched less than one month ago.
Warner Bros. Discovery, Inc. announced the streaming service’s operations would end April 30. The service, which carried streaming live news, original series, and interactive features, was 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. Perette, president of global streaming at Warner-Discovery, in a statement.
“We have very exciting opportunities ahead in the streaming space and CNN, one of the world’s premier reputational assets, will play an important role there.”
CNN+ leader Andrew Morse is leaving Warner Bros. Discovery, the company said.
CNN is a division of Warner Bros. Discovery Inc.
Customers who signed up for the CNN+ streaming service will receive prorated refunds, the company said.
This article was originally published on NBCNews.com.