Avvatta, the brainchild of the former CEO of Cell C’s now-defunct entertainment platform, Black, has been launched, promising more competition in the already-crowded streaming video market in South Africa.
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The pan-African pay-television operator, which owns DStv and SuperSport, has lifted its subscriber base by 1.4 million in the past year to reach 20.9 million households.
MultiChoice Group is increasing its stake in BetKing, an Africa-focused sports-betting platform operator, to a non-controlling 49% investment for R3.8-billion.
South Africa’s largest broadcaster, JSE-listed MultiChoice Group, said on Friday it expects full-year trading profit to jump by as much as 30% and by as much as 45% on an “organic” basis.
Openview, the free-to-air satellite platform in the eMedia Holdings stable, has increased the number of activations of its set-top boxes by more than 18% in the past year.
The SABC’s fight with Sentech over tariffs is going from a skirmish to a full-blown public confrontation. The stakes couldn’t be higher – for both sides.
Amazon.com said on Wednesday it is buying MGM, the fabled US movie studio home to the James Bond franchise, for $8.5-billion, giving it a huge library of films and TV show.
Amazon.com is in talks to acquire the iconic US movie studio MGM, The Information reported on Monday, citing a person familiar with the matter.
AT&T, the owner of HBO and Warner Bros studios, and cable and streaming network Discovery plan to combine their media assets to create a standalone global streaming business.
Spotify Technology CEO Daniel Ek said he made a bid for London’s Arsenal Football Club that was rebuffed by American billionaire Stan Kroenke.