AT&T’s culling of WarnerMedia’s streaming video efforts is underway. The company is shutting down FilmStruck, its streaming movie service for film buffs, at the end of next month. That news comes just weeks after the company decided to shut DramaFever, a streaming service that specialized in Korean dramas earlier this month.
The closures come ahead of plans by WarnerMedia to launch a bigger streaming service that will include programming from its different networks including HBO next year.
It’s hard to make money on subscription streaming services, and it’s just a matter of time before we see more fall by the wayside. Whether bigger offerings by the likes of WarnerMedia and Disney will fare better is the big question.