Senior staff churn at Hooq put down to startup growing pains as OTT firm parts ways with CSO
Hooq, the video on-demand service backed by Singtel, Sony and Warner Brothers, is reviewing its corporate structure as the company contends with high senior management churn just two years after launching.
The firm, which was the first Asia-born OTT platform when it launched in the Philippines in January 2015, has seen its CFO, CTO and head of strategy leave over the last seven months.
A spokesperson put the comings and going down to startup growing pains, and told Mumbrella that the head of strategy and insights role will not be replaced following a review of the company structure.
Scott Lee joined Hooq as chief strategy officer in August last year and moved on in September.
The search for a new CTO to replace Michael Smith Jnr, who left in April to join Jungle Ventures, is still ongoing.
The company has denied speculation that CMO Ravi Vora, who joined just over a year ago, is also moving on.
Meanwhile Hooq is no longer taking applications for the role of country head for its long-awaited Singapore service. The company has also been on the look-out for a product manager and a digital marketing manager for the Singapore launch.
Hooq recently rolled out a new mobile app, rebooted its subscription offering as a freemium model, and announced it was to focus more on local content productions.
The service is now in the Philippines, Thailand, India and Indonesia, and competes with the likes of Iflix, Netflix, Catchplay and Viu – but mostly piracy.
http://www.nokpis.com/2016/11/08/growing-pains-comical-excuse-for-the-truth/
ReplyRemember the old videotape and dvd libraries that used to be in every neighbourhood?
Thats what HOOQ is…but with an internet distribution pipeline.
ReplyNow Ravi Vora has quit..
So over the past one year, CTO (Micheal Smith), CFO, CSO (Scott Lee) , Co-founder and Chief Content Officer (Krishnan) , CFO and CMO have quit.
Peter is the last man standing at Hooq now
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