Sony Spin

Sony Spin was a Latin American cable television channel, launched on 1 May 2011, replacing the local version of Animax. It was shut down on 1 July 2014 due to low ratings and reception.

Formerly known as Animax, it was Sony's first attempt to offer a 24-hour anime channel in Latin America, replacing Locomotion. On 1 July 2014, Sony Spin was removed from pay-TV providers and replaced with a localised variant of A&E’s Lifetime, a television network targeted at female audiences.

Why has it closed?

 * Low ratings: The channel in its 3 years of life had low ratings, the reason was because the channel replaced Animax and removed all the anime it had. It is speculated that it was because the channel's executive hated anime.
 * Terrible programming: Sony Spin did not inherit the programming of only animes that Animax had, instead they passed mostly reality shows and the few animes that passed were only 10. In 2013, due to the poor acceptance of the initial programming, the channel restructured its programming with Latin American soap operas, series and American movies from the 1990s and 2000s, but it did not really work.

Probability of returning
Being a channel so hated by people, it is impossible for it to return. Also, it was already replaced by A&E's Lifetime in 2014. If it were still alive, surely it would have also closed because it is based in Caracas, Venezuela, since Venezuela is currently suffering from a financial crisis and monetary inflation.

This shows that you shouldn't replace a popular channel like Animax with a bad channel like Sony Spin.