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Hooq (stylised in all caps, pronounced like hook) was a Singaporean video on demand streaming service. It was a joint-venture of Singtel, Sony Pictures and Warner Bros., with presence in the Philippines, Thailand, India, Indonesia, and Singapore. Hooq was valued at $420 million dollars.
Mar 27, 2020 · SINGAPORE - Hooq Digital, a joint-venture company in which Singtel has an indirect 76.5 per cent effective interest, has begun a creditors' voluntary liquidation.
Q: What is HOOQ? HOOQ is a gateway to a world of unlimited entertainment! Discover their catalog of more than 10,000 movies and TV shows right at your fingertips! You can watch anytime, anywhere, at home or at work! Download HOOQ now to satisfy your movie munchies! Q: How do I qualify for HOOQ subscription?
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- From Pilot to Commission
- Hooq: Five Years of Rapid Growth
- In Time For Christmas
- ‘They’re Not Going to Disappear’
- The Thrill of Delivery
- The Liquidation
- House of Cards
- Passed Around Like Hot Potato
- Rallying The Troops
- Wet Season: Hung to Dry
Haresh and Terence, for those familiar with Singapore’s burgeoning podcast scene, are hosts of Yah Lah BUT(YLB), a talk show filled with unfiltered, comedic opinions on current affairs. Pre-YLB fame, the two were actively uploading videos on their 12-year-old YouTube channel, Ministry of Funny. The opportunity from HOOQ to produce an original comed...
HOOQ was founded in 2015 as a joint venture between Singtel, Sony Pictures Television and Warner Bros. At its peak, it operated in the Philippines, Thailand, India, Indonesia and Singapore. Singapore Business Reviewreported that the deal was worth S$27.6 million, with Singtel owning 65 percent of the joint venture, while Warner Bros and AXN—a Sony ...
Things started moving at warp speed. Commercial terms were drawn up, timelines scheduled, actors roped in, film crew recruited, writers hired. Contracts were signed. “Shortly after finding out we won, we were told we had to deliver all eight episodes by October 2019. It was a crazy fucking timeframe,” shares Terence. He posited that the platform wa...
Haresh and Terence weren’t comfortable with the payment schedule, and for good reason. With HOOQ’s payment tranches, the two knew they would reach a point where it was going to take a while to compensate their freelancers. Most freelancers work on 30 to 45 days payment terms, and Haresh and Terence wanted to fulfil their financial obligations. Plus...
“Until the point of liquidation, it did feel like they wanted us to create a good show,” Haresh muses. For Haresh and Terence, it felt like they were working with network executives who genuinely wanted to make a “kickass show”. The duo was determined to make it work. It’s rare enough to find a company that would so willingly greenlight a project l...
On Friday, 27 March 2020, at 1:30 PM, HOOQ and Singtel announced the liquidation. About 240 peopleemployed by HOOQ across Asia were let go, including around 98 in Singapore. Singtel stepped in to take over financial obligations to pay the axed employees’ payroll. According to filings with ACRA, there was a total accumulated loss of US$220.8 million...
There was no time to process their emotions. The first thing Haresh and Terence did was send out the last invoice for the remaining 20 percent payment owed to them. The pair were pretty sure they wouldn’t be paid in the end. Still, they insisted on leaving a paper trail as evidence that they tried to recover the monies owed to them. At this point, ...
As it turns out, there was little anyonecould do. A clarification email sent on 30 April 2020 by Bithos confirms as much. Haresh and Terence would learn that they had to deal with HOOQ Digital Mauritius Private Limited, located in Mauritius, an island nation off the continent of Africa. “Because HOOQ Singapore is now in liquidation, it cannot pay H...
At this juncture, the two thought to gather other local HOOQ filmmakers affected by the liquidation. Haresh and Terence lead the charge on their behalf, writing emails and letters and keeping everyone—about seven affected parties in total—abreast of any updates they have. Still, their situation differed from the other producers because, unlike them...
Chen’s relationship with HOOQ started when the streaming platform acquired the rights to distribute his 2019 film, Wet Season, starring Yeo Yann Yann and Koh Jia Ler. The film tells the story of a Singapore secondary school teacher and the relationship she nurtured with a student in her class. “Through the acquisition, HOOQ had exclusive streaming ...
Mar 28, 2020 · Singtel disclosed in a brief regulatory filing on Friday that the Hooq liquidation is not expected to have a material impact on the telco’s net tangible assets or earnings per share. For its fiscal third quarter ended Dec 31, 2019, operating revenue from the digital life segment shrank by almost 15 per cent from a year ago to S$336 ...
Apr 2, 2020 · Singtel's shock decision to shutter Hooq this week after it struggled to find a viable business model for the Southeast Asian video streamer has many lessons for businesses to take heed of. The 5-year-old streaming platform has the backing of giants Singtel (which owns a controlling stake of 76.5%) Warner Bros and Sony Pictures, and ...
Mar 31, 2020 · Compared with its regional rivals, Hooq had the most blue-chip backers in Singaporean telecoms giant Singtel, WarnerMedia and Sony Pictures Television. Yet it was Singtel that announced in a...
