The SABC board said on Friday that a plan to retrench 400 employees as part of a restructuring to get the public broadcaster on a sustainable financial footing has been suspended for seven days.
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MultiChoice Group chief financial officer Tim Jacobs has said in an interview with TechCentral that the pay-television broadcaster will “keep an open mind” to any approach by France’s Canal+.
MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as R1.8-billion.
MultiChoice Group delivered a 41% year-on-year improvement in core headline earnings per share in the six months ended 30 September 2020, even as revenue barely budged at R26.1-billion.
MultiChoice Group has officially launched its next-generation PVR decoder capable of delivering 4K content and Dolby Atmos audio, and is integrated with rival Netflix and its own streaming platform Showmax.
The SABC on Wednesday said it had concluded consultations under section 189 of the Labour Relations Act and would now retrench 400 employees 200 fewer than the 600 it said previously it might have to let go.
Podcast | A new emerging markets-focused video streaming platform called Monsooq, developed by multinational media group Mondia, has been launched in South Africa, with the country the first market worldwide to get access.
MultiChoice Group subsidiary SuperSport has secured the broadcasting rights for the Premier League for a further three seasons, meaning the JSE-listed pay-television operator has extended the relationship to 2025.
MultiChoice Group said on Monday its core headline earnings per share (Heps) for the half year that ended 30 September will be between 40-45% higher than the corresponding period last year.
The SABC has rubbished reports that it’s demanding that Netflix and other Internet streaming companies collect television licence fees on its behalf.