Asian streaming startup Hooq admits failure, files for liquidation. Image via The Straits Times.
Technology

Asian streaming startup Hooq admits failure, will be liquidated

Hooq, a streaming service focused on Asian markets operating in India, Indonesia, Thailand, Singapore, and the Phillippines, backed by Singapore telecom group Singtel, Sony Picture and Warner Bros Entertainment, has filed for liquidation after admitting that it cannot sustain growth for its investors amid the current climate, with content providers choosing to reach customers directly instead of through a third-party provider.

streaming india entertainment sony indonesia thailand startup singapore service warner growth investor content asia phillippines hooq liquidation singtel third-party

Fri Mar 27 - TechCrunch

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