Corporates get on Hooq to invest $25m

Jan 16, 2017 • Robert Lavine

Online film and TV streaming platform Hooq has raised funding from parent company SingTel as well as Warner Bros and AXN Investment, adding to $70m secured in 2015.

Singapore-based online streaming platform Hooq Holdings has raised $25.2m in funding from telecommunications firm SingTel and media groups Warner Bros and Sony Pictures, according to a SingTel stock exchange filing.

Sony Pictures participted through investment holding subsidiary AXN Investment.

Formed as a subsidiary of SingTel in early 2015, Hooq is an online platform similar to Netflix, allowing subscribers to access some 10,000 films and television series for a flat monthly rate. Users can stream content or download it to their…

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