Rogers Communications and Shaw Communications are shutting down shomi, their joint streaming video service.
The service is scheduled to end on Nov. 30, 2016. As a result, Rogers expects to incur a loss on investment of approximately $100-140 million in its third quarter ending Sept. 30 relating to the carrying value of its investment and a provision related to future liabilities in shomi.
"We tried something new, and customers who used shomi loved it. It's like a great cult favorite with a fantastic core audience that unfortunately just isn't big enough to be renewed for another season," said Melani Griffith, Rogers' senior Vice president, content. "We will be reaching out to eligible customers in the coming days as we have a wide range of premium experiences available for people to enjoy."