Skip to Content

The Edsel, Quibi and CNN+? New addition to business failures

AP Media Writer

NEW YORK (AP) — Epic business failures — the Edsel, Quibi, New Coke — have some new company. CNN’s parent company ordered the CNN+ streaming service shut down before it had even completed a month of operation. It’s a spectacular failure, with the idea of a paid streaming service for news questionable and unproven to begin with, and it was also a victim of a corporate leadership change. The service started last month only weeks before a new leadership team at Warner Bros. Discovery took over, one that had nothing to do with the idea’s development and quickly made clear they thought it was wrong-headed.

Article Topic Follows: AP National Business

Jump to comments ↓



ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content