South Africa’s largest cinema chain, Ster-Kinekor, has been placed into voluntary business rescue after it fell victim to the Covid-19 lockdown measures, which forced it into a loss-making position.
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Musica will soon be no more. Clicks Group announced on Thursday that it will close the music retailer’s stores countrywide.
Netflix’s global subscriber rolls crossed 200 million at the end of 2020 and the company projected it will no longer need to borrow billions of dollars to finance its broad slate of TV shows and movies.
The US government has asked Australia to scrap proposed laws that will make it the first country in the world to force Facebook and Google to pay for news sourced from local media outlets.
E.tv parent eMedia Investments has filed an application to join Telkom’s lawsuit seeking an urgent interim interdict preventing communications regulator Icasa from proceeding with the spectrum auction.
YouTube removed new content from US President Donald Trump’s channel, citing concerns about the potential of violence following the riot at the US Capitol last week.
Netflix will release 70 original movies in 2021, the company said on Tuesday, touting the streaming service’s most ambitious slate yet as the theatrical movie business remains stuck in limbo.
Netflix has appointed Zimbabwean telecommunications tycoon Strive Masiyiwa to its board, adding its first African director as it looks to new markets for future growth.
MultiChoice Group has another rival streaming service to its new DStv Ultra personal video recorder and satellite decoder – this time it’s Amazon Web Services.
Walt Disney Co is readying dozens of new shows for its Disney+ streaming service, aiming to keep up a growth run that has propelled subscriptions past 86.8 million.