iWorld

HOOQ raises US$ 25 million from Sony Pictures, others; open to outside investors

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2017/01/12/Peter-Bithos.jpg?itok=SbvcKhZ0

MUMBAI: Southeast Asian streaming platform HOOQ, a Netflix challenger, has raised US$25 million (Rs 1.7 billion) in capital from existing investors -- Sony Pictures, Singtel and Warner Brothers, it was announced through a stock exchange filing from Singtel.

HOOQ went live in Indonesia, Philippines, India and Thailand in 2015. Recently launching in India, Amazon Prime Video is now an international challenger.

HOOQ CEO Peter Bithos said that the company was preparing to welcome outside investors.

The filing stated that Singtel had invested an additional US$ 15.5 million with the other investors contributing the remainder. It was also disclosed that HOOQ had earlier raised US$ 70 million, taking the total recent investment to US$ 95 million.

HOOQ was founded two years ago by the trio with Singtel having a majority holding. Following the deal, the companies retained the same shareholding with Singtel owning 65 per cent; Warner and Sony each taking 17.5 per cent.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/disney_0.jpg?itok=cfs2yTZl
Indians await eagerly as Disney+ launches in foreign markets

Mumbai: Walt Disney’s OTT service Disney+ launched in the US, Canada and Netherlands today, even as there is no clarity on when its unmatchable content library, offering 500 films and 7,500 episodes of television, will be made available to Indian viewers through its Hotstar platform.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/disney.jpg?itok=fnR3jfdm
Walt Disney OTT platform Disney+ goes on-air in US, Canada, and the Netherlands

Mumbai: Disney+ has launched today in the US, Canada, and the Netherlands, with The Walt Disney Company (TWDC) CEO Robert Iger declaring it a “historic moment” for the company. The service arrives with nearly 500 films and 7,500 episodes of television from brands such as Disney, Pixar, Marvel, Star...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/avaneger.jpg?itok=jYzw_8iA
Avengers: Endgame to stream on Hotstar Premium, Hotstar VIP from Nov 13

MUMBAI: Avengers assemble! as the biggest Hollywood movie ever – Avengers: Endgame – comes to Hotstar VIP and Hotstar Premium – home of the most powerful superheroes! The movie comes to India with its global digital release, barely six months after its theatrical release giving millions a chance to...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/eros.jpg?itok=Ad5Wrjjw
Eros International Plc to release Andhadhun in Japan on november 15

MUMBAI: – Eros International Plc, a Global Indian Entertainment Company, has announced the planned theatrical release of Andhadhun in cinemas in Japan on November 15th. Andhadhun is an Indian black comedy crime thriller film directed by Sriram Raghavan. The engaging thriller starring Tabu,...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/drive.jpg?itok=fp6T2Ukv
Big Boy Toyz partner with Dharmatic Entertainment for Netflix

MUMBAI: Dharmatic Entertainment and Big Boy Toyz, Delhi’s most trusted pre-owned luxury cars hub, partnered for former’s action film on Netflix. The film, Drive, showcased some of the best keeps of Bog Boy Toyz that were used in many high-speed chases and over-the-top stunts.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/shemaroo.jpg?itok=3DCH3Y_W
MX Player announces strategic in-app partnership with ShemarooMe

MUMBAI: Since their launch in February 2019, MX Player – India’s leading entertainment streaming platform has emerged as the go-to entertainment destination with their offering of free multi-genre MX originals, vast library of 1,00,000 + hrs of online streaming content and audio music collection.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/asian.jpg?itok=PWg4PAss
Asian Paints' ‘Where the Heat is’ wins Best Entertaining Content award on OTT

MUMBAI: Asian Paints won the Best Entertaining content award for ‘Where the Heart is’ Season 3. The season kick started on 23rd August with six celebrities of B-town along with captain fantastic, Sunil Chettri.

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/12/Netflix.jpg?itok=h6fmsMTu
Strong Netflix growth underlines OTT growth potential in India

Netflix India has just posted its earnings with the registrar of companies and reportedly, the video streaming giant has grown more than 700 per cent in the past 12 months. While the company doesn’t share these details publicly, an ET Tech report, quoting Netflix’s annual filing, says that the...

iWorld Over The Top Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/11/ggroup.jpg?itok=ca8-2UJn
ZEE5 reveals largest content line-up for November

Imagine a destination where you can watch your favourite TV shows, Originals, movies, music and stay updated with breaking news across the country! ZEE5, India’s largest digital video streaming platform is your answer for unmatched and uninterrupted entertainment at your convenience.

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories