FilmStruck Streaming Service Shuts Down Under New Owner AT&T
(Bloomberg) -- AT&T Inc., which bought Time Warner Inc. for $85 billion and plans to put much of its newly acquired Hollywood content online, is shutting down the FilmStruck streaming service operated by its media division.
The site for streaming classic, arthouse and independent movies has stopped taking new subscribers and will close on Nov. 29, according to a website posting.
Consolidation of streaming services operated by Time Warner looked inevitable following AT&T’s purchase of the company, given the phone giant already offers DirecTV Now and has plans for other services. John Stankey, head of AT&T Inc.’s WarnerMedia, said this month the market can sustain two to 10 online video services.
FilmStruck isn’t the first service to shutter. A service for Korean dramas operated by AT&T’s Warner Bros., called DramaFever, and NBC’s comedy-focused Seeso, have also closed.
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