iWorld

Hooq plans to invest $2 million on original Indian content

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/08/30/Untitled-1_1.jpg?itok=0uf7_rf4

MUMBAI: Hooq plans to invest $ 2 million in Indian original content in India. This is part of its APAC strategy to start sourcing local original content in Asian countries.

A joint venture of SingTel, Sony Pictures TV and Warner Bros., Hooq entered the Indian market back in May this year with a catalogue of over 10,000 movies and TV series.

“We are in talks with a few other (production) studios in India but nothing finalised yet. As we are still in an observation phase, we are seeing a gap in local language content available on broadcasters’ apps. Such content or programming is not available on other neutral platforms too. That is the gap we are looking (at filling),” said Hooq India managing director Salil Kapoor.

Though Kapoor refused to comment on investment plans, entertainment industry sources indicated that in the first phase Hooq is likely to spend up to $ 2 million in Indian original content, a plan that’s similar to what the company proposes to do in some other Asian countries too.

Apart from Hollywood content, Hooq has presently sourced Indian films and shows from studios like Rajshri Productions, Reliance Entertainment, Shemaroo Entertainment, Balaji Telefilms and Whacked Out Studios. With the cost of making original English language shows high, the platform is considering Hindi and other Indian language content.

For the OTT platform, consumption of its service in the four south Indian states of Kerala, Andhra Pradesh, Tamil Nadu and Karnataka is high and an area of focus in terms of content and expanding subscriber base.

Though the Indian OTT market is still in an early stage in terms of revenue generation and subscriber base, Hooq has priced its monthly subscription at Rs 199 in a price sensitive market where high data charges and indifferent bandwidth are also major challenges for an OTT player. New subscribers are offered a seven-day trial package for free.

Interestingly, all the investors of Hooq have other investments too in India. SingTel is a major investor in telco Bharti Airtel, while both Sony Pictures TV and Warner Bros. have separate businesses running in India. Hooq presently operates in the Philippines, Thailand and India with a population footprint of over 1.4 billion people.

India, which as per a Media Partners Asia report could gain in APAC online video segment owing to China’s restrictive policies, has seen some global digital players setting up shop with significant initial investments in the OTT/VOD eco-system.

Netflix, for example, has earmarked $5 billion for content creation and acquisition for 2016 calendar period. Chinese Internet conglomerate LeEco is likely to invest nearly $1.5 billion in media-entertainment industry for content aggregation. Amazon Prime, according to media reports, plans to invest $300 million in funding movies and television series in India and is in talks with Bollywood studios.

Apart from global players, local players too have lined up significant investments in content for online video services. This includes Star India, Viacom18, Sony India, Savvn, Zee, Times of India group and Arre. Mukesh Ambani-controlled Reliance Industries has plans to pump in $17 billion in the Reliance Jio eco-system to build a platform that is aimed at taking Indians to live the digital life with cutting-edge services and quality content.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/smart%20%281%29.jpg?itok=lwgXmDCO
Smart TV & streaming device makers may collaborate as race intensifies for on-demand content: F&S

Growing preference for over-the-top (OTT) content is catalysing demand for streaming media devices and smart TVs. The market, which slowed down during 2014-15 fiscal, is now ready to match consumer expectations by offering seamless accessibility to on-demand content through a new generation of...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/Untitled-1.jpg?itok=XRWFAKQx
YouTube watch time grew 400% y-o-y, 80% on mobile

MUMBAI: With a growing appetite among Indian consumers to watch videos online, YouTube, as per App Annie, has shared that over 180 million Indians are watching YouTube every month on mobile. The video streaming platform at the fourth edition of Brandcast India, further noted that the watch time in...

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/25/Shaktikanta-Das-800x800.jpg?itok=dYLLWu-u
You Broadband-Vodafone proposal accepted, Atria & Netmagic FDI cleared

NEW DELHI: The government has accepted a proposal by Vodafone India Ltd for acquisition of 100% shares of M/s You Broadband India Limited by way of transfer from resident shareholders and non-resident shareholder. A 100% foreign owned company, Vodafone, will invest Rs 550.9 million as direct...

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/24/Zelda%20Fitzgerald.jpg?itok=U3BDFJKH
Amazon Prime debuts its US original 'Z: The Beginning of Everything'

MUMBAI: No couple epitomised the rebellion and the glamour of the Jazz Age like F. Scott Fitzgerald and Zelda Fitzgerald, and now their tumultuous romance and life will be brought alive in a bio-series titled Z: The Beginning of Everything on Amazon Prime Video. Z: The Beginning of Everything, is a...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/gopal-vithal.jpg?itok=yFDWskKF
Airtel acquires Tikona's 4G biz , adds 2300 MHz spectrum in five circles

MUMBAI: Bharti Airtel Limited, India's largest telecommunications services provider, today announced that it has entered into a definitive agreement with Tikona Digital Networks to acquire Tikona's 4G Business including the Broadband Wireless Access spectrum and 350 sites, in five telecom circles....

iWorld Broadband
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/tivo%20%281%29.jpg?itok=TWUFHhBq
Sky picks TiVo to search entertainment across linear TV & VoD using voice

TiVo Corporation, a global leader in entertainment technology and audience insights, ha sannounced that TiVo and Sky, Europe’s leading entertainment company have joined forces to deliver voice search for Sky’s next-generation box, Sky Q. TiVo is providing Sky Q with a natural language, voice-based...

iWorld Video On Demand
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/23/Raghu_Rai_1.jpg?itok=HRNB7-KI
Photographs with social media become powerful tools for Information: Naidu

Photographs along with Social Media had been a potent combination in today’s digital world as influential mediums to spread awareness and ensure Good Governance, Information and Broadcasting Minister M.Venkaiah Naidu has said.

iWorld Social Media
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/22/Sunil_Mittal-Mukesh_Ambani%20%281%29.jpg?itok=qIpeeieV
Jio says Ookla has admitted to flaws in speed measurement system

This is one ad war that refuses to die. Even after Jio on the one hand and Airtel and Ookla on the other have had their say, the argument goes on.

iWorld Telecom
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/03/21/Sunil_Mittal-Mukesh_Ambani%20%281%29.jpg?itok=bsw-K6AM
Airtel hits back at Reliance Jio, Ookla stands by its findings

Bharti Airtel today accused Reliance Jio of making a deliberate attempt to “malign the brand” and “misguide customers.”

iWorld Telecom

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories