HOOQ, which forayed into the Indian market in 2015, is a joint venture of Singtel, Sony Pictures Television and Warner Bros. It operates in Indonesia, the Philippines, Thailand and Singapore apart from India.
The competition in the video-on-demand space in India has intensified specially after the launch of Reliance Jio's services that saw data tariffs in the country coming down.
While Netflix plays in the premium space, it has seen strong competition from the likes of Amazon Prime and Hotstar. Smaller players like voot, Eros Now, Yupp TV, Hungama and ALT Balaji are also looking at tapping into the Indian market.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)