The announcement comes without any official explanation, though is thought to be due to a lack of regulatory approval.
The platform had been operating since 2015, and notched up 155 million monthly visits and around 18,700 movie files.
The Ministry of Culture’s Film Commission met to discuss how Artificial Intelligence can improve both film production and marketing.
"In most people’s minds, we are still a successful mobile phone brand, but this is not what Nokia is about."