CNN confirms streaming service CNN+ to launch this spring

FILE PHOTO: The CNN logo stands outside the venue of the second Democratic 2020 U.S. presidential candidates debate, in the Fox Theater in Detroit, Michigan, U.S., July 30, 2019. REUTERS/Brian Snyder/File Photo

(Reuters) - Cable news network CNN said on Wednesday it will launch a news and entertainment streaming service called CNN+ this spring, at an initial discounted subscription price of $2.99 a month.

Taking on familiar rivals in the highly competitive world of streamed content, CNN will offer the promotional price to those who sign up within the first four weeks. Once the deal ends, the service will revert to a $5.99 monthly fee - the same price as the Fox Nation, the streaming service operated by Fox Corp's Fox News.