The Fate of CNN+ Reflects the Wider Struggle in Streaming

Consumers have reached 'peak' subscription for TV and film—how should Chris Licht move forward?

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On April 30, the subscription-only streaming service CNN+ will shutter for good. In what incoming CNN chief Chris Licht called a “uniquely shitty situation,” the newly merged Warner Bros. Discovery raised the white flag on three-week-old CNN+ before letting it be routed in the streaming wars. Uncoincidentally, Netflix announced two days prior that it lost subscribers for the first time in a decade—and shed 35% of its market value on the news.

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