Video streaming service Shomi to shut down

Shomi announced Monday it was shutting down at the end of November, two years after the video-on-demand service launched amid hopes of thriving in a hyper-competitive market, CP reports.
“The business climate and online video marketplace have changed markedly in the last few years,” David Asch, senior vice-president and general manager for Shomi, said in a brief statement.
“Combined with the fact that the business is more challenging to operate than we expected, we’ve decided to wind down our operations.”
More