MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as R1.8-billion.
MultiChoice Group has officially launched its next-generation PVR decoder capable of delivering 4K content and Dolby Atmos audio, and is integrated with rival Netflix and its own streaming platform Showmax.
Nyiko Shiburi has been appointed as CEO of MultiChoice South Africa, replacing Mark Rayner, as the pay-television group announces sweeping management changes.
MultiChoice Group has reported a 14% improvement in trading profit to R8-billion for the year ended 31 March 2020, despite a tough economic environment and the growing threat of Netflix.
MultiChoice has strongly criticised former communications minister Yunus Carrim, who on Tuesday told the Zondo Commission of Inquiry into state capture that a controversial 2013 channel supply agreement between MultiChoice and the SABC amounted to “policy capture”.
MultiChoice Group and Dimension Data decided to liquidate Vast Networks, South Africa’s largest public Wi-Fi hotspot provider, after several attempts to sell the business fell through.
Long-serving MultiChoice Group director Imtiaz Patel will relinquish his executive duties in September 2020, the pay-television broadcaster said on Tuesday.
Shareholders in MultiChoice, which was unbundled from Naspers on 4 March, rejected the group’s executive pay at Thursday’s AGM.
The Information Communication Technology Union will lead its members at MultiChoice South Africa out on strike on Friday to protest job cuts at the pay-television operator.
MultiChoice Group executive chairman Imtiaz Patel received almost $1.5-million (about R21.4-million at the time of writing) in base salary, bonuses, pension and short-term incentives in the 2019 financial year.