Yahoo! (YHOO) Shuts Down Yahoo Screen; Will Redistribute Video Properties

Yahoo! (Nasdaq: YHOO) has moved to shutter Yahoo Screen, which was the company's go-to video platform.

Variety noted the move earlier this afternoon.

Yahoo Screen hosted everything from licensed Saturday Night Live clips to overseas NFL games.

Yahoo! will instead move the video properties to its various digital magazines, which would keep relevant content more closely knitted.

Yahoo Screen launched in September 2013.

Shares of Yahoo! are down over 5 percent, which is lower than broader market action.

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