MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.
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Netflix posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television.
The SABC has told parliament that it simply cannot afford to pay Sentech’s “prohibitive” fees for broadcast signal distribution and that these fees must be cut in half with immediate effect.
Netflix is showing more African-made content and working with telecommunications operators to make it easier for potential subscribers to make payments, a senior executive said on Tuesday.
The SABC has concluded consultations with staff and labour unions under section 189 of the Labour Relations Act and will now implement sweeping job cuts as part of a board-led plan to turn around the struggling public broadcaster.
Nyiko Shiburi has been appointed as CEO of MultiChoice South Africa, replacing Mark Rayner, as the pay-television group announces sweeping management changes.
South Africa has proposed the radical relaxation of rules over foreign ownership in local broadcasters as well as the scrapping of restrictions that prevent cross-ownership of broadcasting services.
Huya has agreed to buy DouYu International Holdings in an all-share deal that will create a Chinese game-streaming giant with a market value of more than $11-billion.
MultiChoice Group, the owner of DStv and Showmax, surprised investors on Monday when it revealed that France’s Groupe Canal+ has acquired 6.5% of its equity, sending its shares leaping higher.
French media giant Groupe Canal+ has acquired a not-insignificant stake in South Africa’s largest broadcasting company, DStv parent MultiChoice Group, prompting a surge in the JSE-listed firm’s shares.