Canada's Rogers expects losses in shutdown of streaming service

TORONTO (Reuters) - Rogers Communications Inc will incur third-quarter losses of between C$100 million ($75.60 million) to C$140 million as its joint-venture Shomi video streaming service is shut down, the Canadian company said on Monday. Rogers said in a statement that Shomi, a venture whose plans it announced in August 2014 with fellow Canadian company Shaw Communications Inc , will wind down as of Nov. 30. Shaw, which sold its media assets to sister company Corus Entertainment Inc for C$2.65 billion earlier this year, declined to comment. Canadian telecommunications companies have been racing to counter the threat posed to their cable services from the streaming site Netflix Inc , which offers a wide selection of programs at a lower cost. BCE Inc's Bell Media Inc [CTVGM.UL], a rival of Rogers and Shaw, has also launched its own video streaming service, CraveTV. ($1 = 1.3228 Canadian dollars) (Reporting by Ethan Lou in Toronto; Additional reporting by Alastair Sharp; Editing by Cynthia Osterman and Phil Berlowitz)