Media giants are realising what Netflix already knows: streaming is expensive.
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Viu, owned by Hong Kong-headquartered telecommunications operator PCCW, joins Showmax, Vodacom Video Play, Cell C Black, Netflix, Amazon Prime Video and others vying for consumers’ attention.
Cell C spent R523.9-million acquiring programming and movie rights for its Black video-streaming platform in the 2018 financial year, the mobile operator has revealed.
Trading as a newly listed entity on the JSE for barely six hours on Wednesday, MultiChoice had already angered communications regulator Icasa.
The communications regulator has expressed “concern” that the listing of MultiChoice Group went ahead on Wednesday “even though there is a complaint before its complaints and compliance committee”.
MultiChoice Group soared 16% in debut trading in Johannesburg as the pan-African pay-TV company embarks on a new era of independence following a spin off by technology giant Naspers.
MultiChoice Group made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am.
The portfolio committee on communications has allocated three weeks to complete the process of filling vacancies on the board of the SABC.
Ahead of its unbundling from parent Naspers and separate listing on the JSE, the bear case for MultiChoice is fairly well understood by the market. The reality, as always, is a lot more nuanced.
Online platforms will be required to compensate publishers and creators for the content that appears on their websites, under new European Union copyright rules that could shrink access to online media in Europe.