Thursday, October 6, 2022

Why the company has decided to Shut Down CNN Plus Service within 1 Month?

CNN Plus Services Shutting Down – The decision to shut down CNN Plus service within just 1 month is taken by its parent company Warner Bros. Discovery Incarnation on 21 April, Thursday.

Let us tell you that the CNN Plus service was launched on March 29, 2022, and it was decided to close it after a few weeks. All services that are associated with CNN Plus will be completely discontinued after 30 April 2022.

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Reason for the decision to Shut Down CNN Plus Service within 1 Month?

Before we start with the possible reasons behind the closure of the CNN Plus streaming platform, let us late look at the statement by Disovery’s streaming head Perrette, which may give you a clue.

He said – “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”

As per Motley Fool, The Discovery has a $15 billion debt, and after merging, or if we say acquisition of Warner Bros. in a total of $43 billion, the total dept of Discovery is $58 billion. 

So, with the aim of reducing this cost, the Warner Bros. Discovery Incarnation may have decided to shut down the CNN Plus services.

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CNN Plus Price complications with other ongoing services

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For some other services in the market by Discovery like HBO Max, Discovery+, and some other providers too, such as Disney Plus, the price complication may also sometimes make it a non-practical idea to hold all things under a single umbrella. 

The CNN Plus Price is set to be around $5.99 per month, and a discount was available of around $2.99 as an introductory offer.

But, the price of HBO Max is $9.99 per month with ads, and without the ads option, the price of HBO Max is $14.99 per month. On another hand, the Discovery plus price with the ads option is $4.99 per month, and without the ads then this will be $6.99 per month. 

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