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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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Sony- & Warner Bros-Backed Streamer Hooq Collapses
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deadline.comBy Jake Kanter International TV Editor Hooq, the subscription streaming service operated by Sony Pictures Television, Warner Bros and Singapore’s Singtel, has filed for voluntary liquidation.
In a statement Friday, Singtel said it has “commenced a creditors’ voluntary liquidation” of the company, in which it has a controlling stake of 76.5%.
It added: “The liquidation of Hooq is not expected to have any material impact on the net tangible assets or earnings per share of Singtel.” Hooq launched in 2015 and operated in Singapore, Thailand, Indonesia, India and the Philippines.
It hosted 10,000 movies and TV series, including The Flash and had amassed 80 million users. “Global and local content providers are increasingly going direct, the
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