TORONTO (NEWS 1130) – Shomi, a streaming service created to compete with Netflix, says it will shut down operations as of November 30th.
“The business climate and online video marketplace have changed markedly in the last few years,” says Shomi’s Senior Vice President and General Manager David Asch. “Combined with the fact that the business is more challenging to operate than we expected, we’ve decided to wind down our operations.”
“We’re proud of the great service we created and the role we played in the evolution of Canada’s video landscape,” Asch adds.
Current ‘shomi’ subscribers can keep streaming shows and movies online, via their Shaw or Rogers set-top box, on select tablets, mobile devices, and game consoles until November 30th.
Shomi is a joint partnership between Rogers and Shaw. Rogers is the parent company of NEWS 1130.
When asked what job losses might result from the shutdown, a Rogers representative responded “it’s a small but great team there and we’ll be looking to see what openings we have in related departments.”