Singapore telco, Singtel, has hammered the final nail into the coffin of doomed streaming platform Hooq – more than four years after the service collapsed leaving a trail of wailing producers and programmers in its wake. 

Singtel said today (3 June) that the creditors voluntary liquidation process had been completed.  

In a short announcement, Singtel said that Hooq Digital was “dissolved” on 31 May 2024. 

Singtel pulled the plug on Hooq in March 2020, shocking an industry that had been hoping for the best. 

Hooq Mauritius followed the Hooq mothership into liquidation in May 2020, owing undisclosed millions to producers and rights holders. 

Hooq Mauritius held the bulk of the content/IP contracts signed for the failed Asian streaming platform. 

About 250 people lost their jobs in the collapse. 

According to filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), the five-year-old joint venture went under with total current liabilities of USD70.8 million and an accumulated loss of US$221 million as of 31 March 2020.

The two joint venture partners were Sony Pictures Television and Warner Bros, which held equal shares. Both stakes had been diluted, and neither was represented on the board at the time of liquidation. 

Content from both remained on the service until the end, and both were believed to be among Hooq’s approx 40 creditors. 

Terms of the final settlements have not been disclosed.