Move over, Quibi – we’ve got a new champion for the biggest flop of the streaming era. CNN announced Thursday that its CNN+ streaming service would shut down on April 30th – barely a month after its launch on March 29th. It’s a huge loss for CNN, which reportedly sunk over $100 million into launching the service, bringing in celebrities like Eva Longoria and Chris Wallace and adding new shows for personalities like Anderson Cooper and Jake Tapper. In a memo, network president Chris Licht wrote “While today’s decision is incredibly difficult, it is the right one for the long-term success of CNN”. Why do you think CNN+ failed? Is this a sign that there are too many streaming services out there?
