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Hooq (stylised in all caps, pronounced like hook) was a Singaporean video on demand streaming service. A joint venture of Singtel, Sony Pictures and Warner Bros., it had a presence in the Philippines, Thailand, India, Indonesia, and Singapore. Hooq was valued at $420 million in March 2015.[1] The comapny filed for liquidation on 27 March 2020, and shut down on 30 April 2020, its assets were acquired by Coupang.

Key Information

History

[edit]

Hooq was a joint venture of Singtel, Sony Pictures and Warner Bros., established on 30 January 2015, when the presence of Netflix in Asia was still limited.[1] An online streaming video platform, Hooq was intended to capitalise on Singtel's reach and distribution to deliver movies, television series, as well as local programming to Asian markets.[1] It also produced original content to attract subscribers,[2] starting with a mini-series based on the movie On the Job, which revolves around political assassinations in the Philippines.[3]

The platform was progressively launched in the Philippines, Thailand, India, Indonesia, and Singapore in 2015 and 2016.[1][2][4] The content on the platform was accessed with a monthly or yearly subscription fee.[5]

Hooq was named "Best Mobile App" in the Media, Film, TV or Video category at the GSMA's Global Mobile Awards 2016 in Barcelona.[6]

Due to its fast growing, but loss-making status in Singtel's portfolio, an initial public offering was considered in 2019.[7] However, on 27 March 2020, Hooq filed for liquidation, citing "significant structural changes" that had occurred in the over-the-top video market and its competitive landscape.[8] Its global staff of 240 was laid off during the liquidation.[9] Hooq shut down on 30 April 2020.[10][11]

Ownership

[edit]

Singtel owned 65 percent of Hooq's shares, while Sony Pictures and Warner Bros. each owned 17.5 percent.[1] The share structure remained unchanged when it raised an additional US$25,000,000 in 2017.[2] On 27 March 2020, when announcing its plans for liquidation, it was revealed that Singtel had an indirect control of 76.5 percent of the company.[12]

In July 2020, South Korean e-commerce company Coupang acquired Hooq's software assets, which are being used as the basis of its own service Coupang Play.[13][14]

In early 2024, South Korean search engine marketing company Hedley Digital acquired Hooq's digital assets and transformed it into an over-the-top meta search platform.[15]

References

[edit]
[edit]
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Hooq

View on Grokipedia
from Grokipedia
HOOQ (stylized in all caps and pronounced like "hook") was a Singapore-based video-on-demand streaming service that operated primarily in and from 2015 to 2020. It was established as a between (holding the majority stake), , and Warner Bros. Entertainment, with the goal of becoming the leading regional platform for movies and TV shows amid limited penetration in at the time. The service launched its operations in key markets including , , the , , and , offering access to over 10,000 titles through subscription plans, options, and bundled partnerships with providers. HOOQ emphasized localized content strategies, including original productions tailored for Asian audiences, and expanded its reach via collaborations with mobile operators like Airtel and in , as well as ride-hailing app Grab and Disney's Hotstar for distribution and content sharing. By 2019, it had served over 80 million users across these regions but reported significant losses of $220 million that year, despite raising approximately $127 million in funding. HOOQ's closure was precipitated by mounting financial pressures and failure to secure additional investment, leading to a voluntary filing in March 2020 and full shutdown on April 30 of that year. The platform terminated all partnerships, laid off most of its staff, and transferred a limited number of employees to , marking it as an early casualty in the competitive streaming wars in emerging Asian markets. In July 2020, South Korean e-commerce company acquired Hooq's software assets, which formed the basis for its streaming service Coupang Play; the company was fully dissolved in June 2024.

Overview

Launch and operations

Hooq was established as a between , , and on January 30, 2015, with its initial service rollout beginning in the first quarter of that year across several Southeast Asian markets. The platform made its debut in the in March 2015, followed by launches in in May 2015, in June 2015, and in April 2016, positioning itself as a regional alternative to global streaming services like , which had limited presence in the region at the time. The service expanded to its home base of in November 2016, where it integrated closely with Singtel's mobile and offerings to facilitate easy access and bundled subscriptions. Priced at approximately S$8.98 per month for standard access, the platform emphasized flexible payment options through Singtel's billing system, including post-paid contracts and prepaid credits, to cater to diverse user preferences in emerging markets. Hooq operated primarily as a subscription-based video-on-demand (SVOD) service, providing users with unlimited access to a catalog of Hollywood films, international TV series, and local content upon payment of a monthly fee. In 2018, it introduced an ad-supported tier alongside the premium SVOD option, allowing free access to select content with advertisements to broaden its user base in price-sensitive markets. This hybrid model aimed to balance revenue from subscriptions with increased reach through freemium elements. Core operations centered on multi-platform accessibility to ensure seamless streaming across devices. The service was available via dedicated apps on and Android devices from launch, with support for smart TVs including and integration added shortly thereafter; web browser access was also provided for desktop users. This cross-device compatibility supported offline downloads and features, enhancing user convenience in mobile-first regions like . At launch, Hooq targeted rapid user acquisition by leveraging Singtel's extensive network of over 500 million customers across , with early goals focused on building a multi-million base to drive subscriptions. By mid-, it had achieved three million registered users across its initial markets and aimed for 2-3 million paid subscribers within a few years, emphasizing local partnerships for distribution and content relevance to accelerate growth.

Markets served

Hooq primarily operated in Southeast Asian markets and , with its core focus on , the , , , and , targeting over 1.7 billion people in its combined population footprint. In these regions, the platform launched as a leveraging Singtel's regional telecom to bundle streaming subscriptions with mobile plans, facilitating easier market entry and user . For instance, in the , Hooq partnered with to integrate services into prepaid mobile bundles, allowing users to access content via discounted packs. Similarly, in , collaborations with enabled bundled offerings tied to local broadband and mobile services, capitalizing on the country's high mobile penetration. To appeal to diverse audiences, Hooq invested heavily in local content localization, including dubbing and subtitling in key languages such as and Tagalog to make international titles more accessible. This strategy extended to commissioning original productions tailored to regional tastes, with a slate of over 100 localized originals planned for release across its primary markets by 2020, emphasizing genres like drama and action popular in and the . In and , localization efforts included Thai subtitles and partnerships for regional co-productions, helping to differentiate from global competitors. Market-specific challenges included varying internet penetration rates—such as lower fixed access in and the compared to —and intense rivalry from both global players like and regional services like , which strained user acquisition and monetization efforts. Additionally, piracy prevalence in developing markets like exacerbated revenue pressures, prompting Hooq to prioritize affordable pricing and telecom bundles as countermeasures.

Content and services

Programming library

Hooq's programming library featured a diverse catalog centered on Hollywood movies and television series licensed from its joint venture partners Sony Pictures Television and Warner Bros. Entertainment, alongside Asian original productions and licensed local content tailored for Southeast Asian audiences. This composition allowed Hooq to offer premium international blockbusters while emphasizing regionally resonant stories to appeal to markets in Indonesia, the Philippines, Thailand, Singapore, and India. At its peak, the library encompassed over 10,000 titles, including high-profile Hollywood entries such as and original series like the mini-series adaptation of . Other notable highlights comprised Warner Bros. superhero series like and The Flash, alongside Sony-distributed comedies such as , which helped establish Hooq's reputation for accessible premium content in the region. Hooq's acquisition strategy prioritized securing exclusive streaming rights for Southeast Asian territories, enabling the platform to license blockbuster Hollywood films and series while investing in local and Asian originals to foster viewer loyalty amid competition from global streamers. This approach included partnerships for dubbed and subtitled content in local languages, such as , Tamil, and Telugu, to broaden accessibility. The library evolved significantly from its 2015 launch, when Hooq debuted with over 10,000 movies and TV series across Hollywood, regional, and local fare, to a more expansive collection by 2018 that incorporated additional international titles and an accelerated slate of originals. By 2019, the platform announced plans for 100 original titles, reflecting a strategic shift toward homegrown content to sustain growth in diverse markets.

Platform features

Hooq's platform emphasized user-centric features to facilitate seamless access to video content across mobile, web, and connected devices in . A core functionality was offline downloads, enabling subscribers to save select movies and TV shows for viewing without an connection, with a limit of up to five titles per account to manage storage and usage. This feature proved particularly valuable in regions with inconsistent connectivity, allowing uninterrupted entertainment on the go. Multi-device streaming was another key aspect, supporting registration on up to five devices per account while permitting simultaneous playback on two devices, which catered to household sharing without compromising performance. The service adapted streaming quality dynamically based on bandwidth, delivering content in standard definition (SD) and high definition (HD) resolutions to ensure smooth playback. To promote family-friendly usage, Hooq introduced in 2016, including a dedicated kids' area where users could set restrictions on content access and viewing limits, helping parents curate age-appropriate experiences. The incorporated intuitive elements such as robust search capabilities for discovering titles across genres and languages, alongside watchlist management tools that let users save and organize upcoming content for later viewing. These design choices prioritized ease of on both the and . In terms of innovations, Hooq experimented with capabilities powered by the Video Platform, which enabled real-time delivery of channels including , , and programming in select markets like and the . This included 24/7 channels offering non-stop coverage, marking an early push into hybrid on-demand and live experiences to compete with traditional broadcasters. While 4K streaming was not supported, the platform's integration of live elements represented a strategic trial to expand beyond purely on-demand viewing.

Business model and partnerships

Revenue strategies

Hooq employed a tiered subscription model as its core revenue strategy, with basic HD plans starting at approximately $3.98 per month in markets like Indonesia, escalating to premium ad-free tiers offering higher-quality streaming and exclusive content at elevated prices. This structure catered to price-sensitive consumers in Southeast Asia, where flexible "sachet" options—such as daily access for $0.15–$0.25 or weekly plans for $1.40—further lowered entry barriers and encouraged trial conversions. To broaden accessibility and monetization, Hooq introduced an ad-supported free tier in 2018, providing limited content access funded by , alongside (TVOD) rentals for select films and series not included in subscriptions. Telecom bundling discounts integrated the service into mobile plans from partners like Smart in the , offering reduced rates (e.g., 99 monthly) to leverage carrier subscriber bases. User acquisition was bolstered through marketing promotions, including 30-day free trials and seasonal campaigns, which helped grow the paying subscriber base despite competitive pressures. In terms of , Hooq reported steady revenue expansion in through subscriber growth and diversified streams, though these gains were insufficient to offset regional-wide content costs leading to overall decline.

Key collaborations

Hooq established strategic telecom partnerships to expand its distribution and reduce barriers to entry for users in . Integrations with in provided bundled subscription options as add-ons to mobile data plans, offering discounts for existing customers. Similarly, collaborations with in the and in enabled carrier billing and promotional bundles, allowing seamless access within telecom ecosystems. These ties supported 42 distinct technical integrations across 17 partners, facilitating direct sign-ups and payments via mobile networks. In content acquisition, Hooq pursued exclusive deals to bolster its library with premium programming. A key agreement with Disney's Hotstar in integrated Hooq's Hollywood catalog—over 6,000 hours of TV shows, movies, and originals—directly into the Hotstar Premium platform, reaching more than 150 million users at no extra cost until the partnership concluded ahead of Hooq's shutdown. Hooq also forged alliances with local producers in markets like , the , , and to commission and co-produce original content, emphasizing regional narratives to drive engagement and cultural relevance. On the technology front, Hooq collaborated with Grab to embed its streaming service within the , enabling users in and to browse, subscribe, and watch content without leaving the Grab interface. This integration leveraged GrabPay for secure transactions and featured co-branded promotions, such as three-month free trials for Grab users, enhancing convenience and cross-promotion. These alliances played a pivotal role in Hooq's expansion, providing access to vast user bases and contributing to a reported reach of over 80 million users across its markets through telecom and digital platform synergies.

Ownership and funding

structure

Hooq was formed in 2015 as a among , , and to deliver over-the-top (OTT) video services across . maintained majority control with a direct 65% stake, while and each held 17.5% equity. This direct ownership structure remained consistent following subsequent funding rounds, though reported an indirect effective interest of 76.5% in its financial disclosures. Under the joint venture agreement, took primary responsibility for regional distribution and operations, utilizing its infrastructure to access over 500 million mobile subscribers and integrate billing systems for seamless service delivery. and focused on content provision, supplying extensive libraries of premium Hollywood films, U.S. series, and to form the core of Hooq's catalog exceeding 10,000 titles at launch. The venture was headquartered in , serving as the base for strategic oversight, with dedicated operational teams deployed in priority markets including , the , , and to manage local adaptations and rollout. Early funding from the partners supported initial setup and content acquisition, though detailed financial aspects are covered elsewhere.

Investments and financial challenges

Hooq was established in 2015 as a joint venture primarily backed by Singtel, Sony Pictures Television, and Warner Bros. Entertainment, with an initial investment of approximately $70 million from these partners to support its launch across Southeast Asian markets. This funding enabled the platform to secure content libraries and initiate operations in countries including Indonesia, the Philippines, and Thailand. In 2017, Hooq raised an additional $25 million from the same existing investors, bringing the publicly disclosed total to $95 million by early 2018; regulatory filings indicate overall funding reached approximately $127 million by 2020. Singtel's direct stake remained at 65%, consistent with an effective indirect interest of 76.5%. The company's major expenditures centered on content acquisition and licensing, which constituted a significant portion of its budget due to the need for competitive libraries of Hollywood titles, local originals, and regional programming to attract subscribers. Marketing efforts also represented a substantial outlay, as Hooq invested heavily in promotions, partnerships, and sachet pricing strategies to drive user adoption in price-sensitive markets. These costs contributed to escalating operational expenses, with the platform reporting pre-tax losses of $56.6 million in 2018 and $62.5 million in 2019, despite revenues growing modestly from $10 million to $21.9 million over the same period. Hooq faced acute financial pressures from high customer acquisition costs in emerging markets, where consumers exhibited low for premium streaming services, compounded by rampant that undermined paid subscriptions. Intense competition from global players like and local alternatives further strained scalability, as Hooq struggled to achieve sufficient user growth to offset its capital-intensive model. The onset of the in early 2020 exacerbated these issues, drying up funds and diminishing investor appetite for additional rounds amid economic uncertainty, ultimately leading to cumulative losses exceeding $220 million and net liabilities of $70.8 million by mid-2019. Following in 2020, Hooq's software assets were acquired by in July 2020, and the entity was dissolved by June 2024.

History and closure

Formation and early growth

Hooq was formed through a joint venture announced on January 30, 2015, between Singapore Telecommunications (Singtel), Sony Pictures Television, and Warner Bros. Entertainment, with the goal of creating Asia's first multi-territory, premium video-on-demand service targeting Southeast Asian markets. This initiative emerged amid the rising demand for digital entertainment in the region and the anticipated expansion of global streaming platforms like Netflix, which began entering Southeast Asia around that time. The joint venture structure positioned Hooq with immediate access to extensive Hollywood content libraries from its partners, enabling rapid content acquisition for launch. Following the announcement, Hooq conducted early testing and secured key content deals leveraging its parent companies' catalogs, which included over 10,000 movies and TV series at . The service officially launched in the first quarter of 2015 in the and in May 2015, with bundled offerings through local telecom partners to facilitate quick adoption, and following in April 2016. By mid-2016, Hooq had expanded to in June 2015, refining its platform through user feedback and initial partnerships, with following in November 2016. In its growth phase, Hooq achieved significant early traction, surpassing 100,000 subscribers by May 2016, driven by affordable pricing and integration with mobile networks in price-sensitive markets. The platform emphasized a mobile-first approach, optimizing its app for low-bandwidth environments and smartphone users prevalent in emerging economies like Indonesia and the Philippines. This strategy supported rapid user onboarding, with subscriptions reportedly increasing tenfold by late 2017 through enhanced Hollywood-focused tiers and localized promotions. Early original productions also garnered recognition, with Hooq's content winning 12 national awards across Indonesia, Thailand, and Singapore at the 2018 Asian Academy Creative Awards, highlighting its push into regional storytelling.

Expansion and difficulties

Following its initial rollout, Hooq pursued expansion into additional Southeast Asian and South Asian markets to broaden its footprint. In 2018, the platform intensified its presence in through strategic distribution partnerships with local telecoms and content providers, building on its earlier entry to enhance accessibility and content availability. Similarly, in 2019, Hooq conducted trials in focused on localizing international content via for dubbing in , Tamil, and Telugu, aiming to improve cultural relevance and user engagement in a high-potential market. These efforts sought to capitalize on growing internet penetration and adoption across the region. To drive growth and differentiate from global rivals, Hooq invested in original content production and experiential offerings. The platform launched its first , Critical Eleven, in , followed by a slate of regional productions like the Indonesian series Brata in and Indian pilot Bhak in 2019, totaling commitments for over 100 originals by year's end to foster local storytelling. Complementing this, Hooq incorporated live events such as sports broadcasts and premium channel integrations starting in , providing real-time entertainment to attract cord-cutters and enhance user retention beyond on-demand viewing. However, these initiatives faced significant difficulties amid a crowded market landscape. Hooq encountered intense competition from established players like , which expanded aggressively with localized pricing and originals; , targeting budget-conscious users with affordable plans; and Viu, emphasizing Korean and Asian dramas to capture youth demographics. Additionally, regulatory hurdles related to content posed challenges, as varying Asian policies required navigating restrictions on sensitive themes, , and political content to comply with local standards. By 2019, these pressures contributed to subscriber stagnation at approximately 1 million paying users across its markets, exacerbated by regional economic slowdowns that reduced on premium entertainment amid trade tensions and slowing GDP growth.

Shutdown and asset sale

In March 2020, Hooq Digital Ltd., the joint venture streaming service backed by Singtel, Sony Pictures Television, and Warner Bros. Entertainment, filed for voluntary liquidation in Singapore on March 27, citing an inability to achieve sustainable growth amid escalating operational costs and competitive pressures in the Southeast Asian market. The company announced that it had been unable to secure additional funding from existing or new investors, a challenge exacerbated by the onset of the COVID-19 pandemic, which further strained investment in the sector and highlighted market saturation from global players like Netflix. As a result, Hooq ceased all operations and shut down its video-on-demand service across Southeast Asia and India on April 30, 2020, terminating active subscriptions effective that date. Following the , Hooq's assets underwent a structured sale process overseen by appointed provisional liquidators. In July 2020, South Korean giant Corp. acquired Hooq's core software and assets, enabling the company to expand into the Asian video streaming market as part of its diversification beyond and logistics. This transaction, valued as a strategic entry for into Southeast Asia's competitive streaming landscape, did not include Hooq's content library or user data, focusing instead on the technological infrastructure to support future video services. The shutdown had immediate repercussions for Hooq's users and workforce. Subscribers, numbering in the millions across markets like , the , and , lost access to the platform without refunds for prepaid periods, though some content partnerships facilitated limited migration options to services such as for select titles. The closure resulted in the layoff of approximately 240 employees globally, with affected staff in and other regions receiving notice periods of one to three months but facing significant uncertainty in the pandemic-hit job market.

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