The television network giants went through ratings hell. It’s time for Netflix’s own version of that.
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Netflix tumbled after the streaming giant reported a surprise loss of US customers for the second quarter, renewing concerns about its growth prospects at a time of looming competition.
Apple plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.
Jabu Mabuza, chairman of the South African power utility regarded as the biggest risk to the nation’s economy, has taken on a non-executive director role at pay-television company MultiChoice Group.
Spotify has launched a “lite” version of its music streaming app aimed at users in emerging markets like South Africa where data costs can be prohibitive.
Exclusive | Econet Media racked up more than R1.8-billion in external liabilities and was unable to pay suppliers before it was placed into administration earlier this week, a document seen by TechCentral shows.
The decision to place Econet Media’s satellite television business into administration will not affect the planned launch of Kwese Free TV in South Africa, a top company executive has said.
SABC chief financial officer Yolande van Biljon says there is no anticipation of “Day Zero” at the public broadcaster for the next three months. Full staff salaries, Van Biljon said, will continue to be paid.
Econet Media has placed its satellite broadcasting business into administration, Business Day reported.
Tiso Blackstar, the owner of various media assets including the Sunday Times, Business Day and the Financial Mail, is selling the rump of its business to Lebashe Investment Group for over R1-billion.