New CNN+ streaming service to launch in the first quarter of 2022

New CNN+ streaming service to launch in the first quarter of 2022

July 19 (Reuters) – AT&T-owned WarnerMedia will launch a new subscription streaming video news service in the first quarter of 2022, the company said Monday, as WarnerMedia prepares to join forces with Discovery (DISCA.O) as part of a proposed new company the telecom and media giants announced in May.

The CNN+ news service – which will exist separately from cable channels CNN, CNN international, CNN en Español and news and true crime channel HLN – is geared toward “CNN superfans, news junkies and fans of quality non-fiction programming,” the company said in a press release.

CNN did not disclose details on pricing.

CNN rivals such as Fox News have also sought new revenue from subscription news services geared toward superfans.

It is not clear whether CNN President Jeff Zucker, who in February said he intended to leave CNN at the end of 2021, will stay and be involved with the CNN+ launch. Zucker and Discovery Chief Executive David Zaslav, who will lead Discovery Warner Bros. – the proposed new company – are former colleagues and friends.

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Source: Reuters, Helen Coster

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