The FilmStruck indie, arthouse and classic film subscription-streaming service will shut down next month, Turner and Warner Bros. Digital Networks announced Friday.
The move appeared to be the latest by WarnerMedia, under AT&T’s ownership, to streamline operations by cutting niche-oriented business ventures. Two sources familiar with the decision said the plan to kill FilmStruck was made prior to AT&T’s closing the Time Warner deal; in any case, the strategy aligns with the new WarnerMedia blueprint to shift resources to mass-market entertainment services.
The FilmStruck business will cease U.S. and international operations on Nov. 29, 2018, and the service stopped accepting signups on Oct. 26. A Turner rep declined to comment on how many employees will be affected by the closure or provide info on how many employees work on FilmStruck.
In a statement, Turner and WB Digital Networks said, “We’re incredibly proud of the creativity and innovations produced by the talented and dedicated teams who worked on FilmStruck over the past two years. While FilmStruck has a very loyal fanbase, it remains largely a niche service. We plan to take key learnings from FilmStruck to help shape future business decisions in the direct-to-consumer space and redirect this investment back into our collective portfolios.”
WarnerMedia’s FilmStruck Subscription-Streaming Service to Shut Down
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