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A streaming service.

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Video Streaming, Movies, Media & Entertainment,

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Reasons for Shutdown

Strong Competition

The emerging market.

Global and local content creators are increasingly going direct, and the unwillingness of emerging-market consumers to pay.

No Sustainability

Unable to grow sufficiently.

HOOQ has not been able to grow sufficiently to provide sustainable returns nor cover escalating content costs and the continuous operating costs of an independent OTT distribution platform
While revenues doubled from $10 million in the year to March 2018, to $21.9 million, pre-tax losses increased, too, from $56.6 million to $62.5 million.

Poor Business Model

Struggled to find a viable busuness model.

It struggled to find a viable business model for the Southeast Asian video streamer has many lessons for businesses to take heed of.
The service spoke often about how it had adapted its model from pure subscription to 'freemium' to make it more accessible in lower-income parts of Asia, and it laid out ambitious plans to invest in local original content.

Lack of Funds

Unable to make payments.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Columbia House	19.2%	Distributed music and movies through the direct-to-consumer business model.	Entertainment	Music, Media & Entertainment, Video	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	1000-5000	-	-	Inactive	-	-	1955	-	-	-
2.	BitShuva Radio	15.7%	Custom Internet radio for independent artists and niche genres.	Entertainment	Internet Radio, Media & Entertainment, Music	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2013	-	-	-
3.	Qwikster	14.9%	Netflix's DVD-only business.	Entertainment	Media & Entertainment, Digital Entertainment, Video	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2011	-	-	-
4.	Sinemia	11.1%	A social platform for moviegoers and a monthly subscription-based service.	Entertainment	Media & Entertainment, Social	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2015	-	-	-
5.	MoviePass	6.5%	A subscription-based movie ticketing service.	Entertainment	Applications, Location Based Services, Media & Entertainment	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	50-100	-	-	Inactive	-	-	2011	-	-	-

Investors

No.	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.	Singtel	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.	Sony Pictures Entertainment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
3.	Warner Bros.	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Krishnan Rajagopalan	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	11 Jan 2017	Private Equity Round	USD 25M	-	-			-	3	-	-	-	Completed
2.	11 Apr 2015	Private Equity Round	USD 70M	-	-			-	3	-	-	-	Completed