Shomi, the streaming service run by Rogers Communications Inc. and Shaw Communications Inc. to keep Netflix Inc. at bay, is shutting down.
The service, which featured popular shows like The Americans and Mr. Robot, was offered as both a stand-alone subscription to cord-cutting viewers and as an add-on to Rogers and Shaw cable and Internet subscribers. The experiment cost Rogers C$100 million to C$140 million ($75 million to $105 million), a loss it will book in the quarter ending Sept. 30, the Toronto-based company said in a statement. Shaw wrote down its part of the joint venture in July, incurring a C$51 million accounting charge.
