Video streaming service Shomi announced Monday it will shut down at the end of November, two years after it launched. "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 statement. Asch said the company remains proud of the service it launched and the role it play in evolving video landscape in Canada. It was seen as a competitor to Netflix and other similar web streaming services. "We tried something new, and customers who used Shomi loved it," Melani Griffith, senior vice-president of content at Rogers, said in another statement.

Source: CBC News September 26, 2016 20:33 UTC