The video-on-demand streaming service, HOOQ has shut down its operations. It has filed for liquidation and is ending its association with various partners like Disney Plus Hotstar, and others.
Some of you might be wondering why the shows like Arrow, The Flash and other similar DC titles, The Big Bang Theory and others were missing. Well, here is the reason. With HOOQ pulling the plug, many of its licensed content has ceased to exist on the respective platforms.
Lack of funds from the new or existing users and increasing debt and loses are said to be the primary reason for the current state. It has been in operation for five years since its launch.
India was the biggest market for HOOQ streaming service, which predominantly catered to the Asian markets. It has left the streamers and platforms banking on its licensed content in a limbo. It needs to be how they fill in the gap as the content HOOQ offered is very much in demand.
HOOQ has an impressive 80 million users by the time it announced the closure of service. The HOOQ team has issued a short and simple closing note to them. It has also answered a few questions that could be on everyone’s mind.
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