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?
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