Econet Media has placed its satellite broadcasting business into administration, Business Day reported.
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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.
A jobs bloodbath is looming at pay-television operator MultiChoice Group, which said on Friday it will enter into a “consultation process” with 2 194 of its employees as part of a “strategic realignment of its customer service delivery model”.
MultiChoice-owned Showmax is adding Bafana Bafana Afcon football matches to its live-streaming sports offering, stepping up the pressure on rival Netflix in the South African market.
Icasa has decided to conduct an inquiry into the so-called “must-carry regulations”, which allow MultiChoice and other pay-television operators to carry the SABC public service channels at no cost.
The decline in the number of subscribers to DStv Premium accelerated slightly in the year to March 2019 and MultiChoice is actively looking at ways to stem the erosion.
MultiChoice reported a strong set of full-year results on Tuesday, with good growth coming from its lower-tier pay-television bouquets, although its DStv Premium segment remains under pressure.
Government is considering a R3.2-billion guarantee for the country’s cash-strapped national broadcaster to help it raise money from lenders, according to a report.
MultiChoice Group-owned video streaming platform Showmax will offer live sports to all customers in South Africa, effective immediately, it said on Friday.
Netflix is unveiling new videogames based on its shows, stepping up efforts to turn its streaming platform into a multimedia empire.