A report from Variety said that Yahoo! Inc. YHOO has decided to shut down its online video segment, Yahoo Screen.
Variety noted that Screen livestreamed an NFL game in October, offered clips of "Saturday Night Live," and aired the TV series "Community." Yahoo confirmed it will move its video properties to its many digital magazines.
Related Link: Could The NFL Be Driving Up Bids For Thursday Night Football?
Commenting on Yahoo's decision to shut down Screen, The Verge suggested that there have been signs of Yahoo's video demise "for some time now" and the "death" of Yahoo Screen is "another dose of bad news for the struggling tech giant."
The publication pointed out that Yahoo's decision to air "Community" contributed to a $42 million write down last year, while the one-time NFL game has seen "little else come of the partnership."
Finally, The Verge suggested that Yahoo's video ambitions are now "all but dead."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
