Megashare,
one of the most popular movie / TV streaming sites on the Internet, has
informed its users that it will shut down. The site remains operational for
now, but won't add any new videos. Problems with the current video hosting
provider is the main reason for the abrupt decision, according to a message
posted on the site.
With
over a million visitors a day, Megashare is one of the largest video streaming portals on the Internet.
The
site operates from .sh and .info domains and has enjoyed steady growth since
its launch in 2010.
However,
out of nowhere, visitors were welcomed by a rather shocking notice on the
site’s homepage this morning. Apparently, Megashare has plans to shut down due
to trouble with its video hosting provider.
“Because
there are problems with video hosting company, MEGASHARE is closing and not
updaing new movies in future. Thank you for your support!” the announcement
reads.
The
abrupt decision comes as a surprise, and seems illogical for a site of its
nature. Megashare doesn’t host any of the videos itself but relies on files
from third-party sites such as Google, Putlocker and Sockshare.
Interestingly,
a few days ago we published an article which revealed that Megashare was one of
the streaming portals that used Google as
video hosting provider. Whether this is related to the “video
hosting troubles” is unknown.
In any
case, users are not happy with the site’s decision and the site’s Facebook page and Twitter are filling up with people begging the site not to
throw in the towel. Whether this will have any effect remains to be seen.
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