CNN is hiring hundreds of people and developing dozens of programs for a subscription streaming service that will launch early next year.
The new venture, called CNN+, was formally announced on Monday morning. It will exist side by side with CNN's existing television networks and will feature eight to twelve hours of live programming a day.
Jeff Zucker, the chairman of WarnerMedia News and Sports and president of CNN Worldwide, portrayed CNN+ as the evolution of video news and the start of a new era for the company.
"CNN invented cable news in 1980, defined online news in 1995 and now is taking an important step in expanding what news can be by launching a direct-to-consumer streaming subscription service in 2022," Zucker said in a statement.
