FilmStruck Struck Down
The film subscription streaming service- FilmStruck has been struck down. And as per the announcement from Turner and Warner Bros. Digital Networks on Friday, it will close next month. After being in operation for two years now, FilmStruck is officially coming to an end. And let’s just say that Hollywood directors and fans are seriously disappointed. Everybody is venting out their shock and anger all over social media. This closure of FilmStruck is the latest addition to streamline operations by cutting niche-oriented business ventures by Warner Media. But fans still have one month to enjoy subscription services and that’s all that we can get from it ever!
FilmStruck To Cease Operation
FilmStruck will cease its operations both in the US and internationally on November 29th this year. It already stopped allowing people to sign up on October 26th. In the statement released by the owner companies, they said that they were proud of all the creativity that talented teams invested in the service. Despite the service having a very loyal fan base, it remains largely a niche service. The statement concluded by saying that learning from FilmStruck will help shape future business decisions in the direct-to-consumer space. It also stated that the company will redirect this investment back into their collective portfolios.
This closure of FilmStruck comes follows the two other Warner Media digital units that received the axes. FilmStruck was developed by Turner Classic Movies (TCM) in coordination with Warner Media. The subscription service had a lineup of some 1,800 contemporary and classic arthouse, indie, foreign and cult films. It also became the exclusive internet-streaming home to the Criterion Collection of movies. The service charged $10.99 per month when access to the Criterion Collection. But without it, the charges were only $6.99 per month.
Hollywood directors including Barry Jenkins, Guillermo del Toro and Rian Johnson are all shocked at this decision. But then again, everybody is hopeful that they will find a way to bring it back. Sounds unreal, doesn’t it?