Sanlam will buy a 60% stake in MultiChoice South Africa’s insurance business for an upfront cash amount of R1.2-billion.
Browsing: Broadcasting and Media
MultiChoice Group remains committed to the turbulent Nigerian market, CEO Calvo Mawela said.
Subscriber growth at the relaunched Showmax has been strong, but start-up costs are high.
MultiChoice has blamed a “challenging consumer environment” for a 9% slump in active subscribers.
Spotify will introduce a new, higher-priced premium plan for its most ardent users later this year.
Frikkie Jonker tells the TechCentral Show that MultiChoice’s war on streaming piracy is just getting started.
An antitrust tribunal in Nigeria has fined MultiChoice and ordered a month of free viewing for its subscribers there.
MultiChoice Group has taken action against another pirate streaming operation and has said further arrests are likely.
MultiChoice warned of deepening full-year losses as it battles forex losses and an increasingly difficult trading environment.
Bulls are wagering Netflix’s foray into live events and sports will drive the next leg of share price gains.