MultiChoice Group disclosed on Thursday that French pay-television giant Groupe Canal+ has continued buying up its shares, so much so that its stake has doubled to 12% in the past month.
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South Africa has proposed the radical relaxation of rules over foreign ownership in local broadcasters as well as the scrapping of restrictions that prevent cross-ownership of broadcasting services.
MultiChoice Group, the owner of DStv and Showmax, surprised investors on Monday when it revealed that France’s Groupe Canal+ has acquired 6.5% of its equity, sending its shares leaping higher.
French media giant Groupe Canal+ has acquired a not-insignificant stake in South Africa’s largest broadcasting company, DStv parent MultiChoice Group, prompting a surge in the JSE-listed firm’s shares.
Apple has relaxed a controversial policy that took a 30% cut of payments when video apps on its platform sold television shows and movies.
When Chinese media company StarTimes entered Ivory Coast’s pay-TV market two years ago, Canal+ appeared to take notice. A few months later, the unit of France’s Vivendi cut the cost of its decoder by a third. StarTimes has
SA ’s pay-TV market is hotting up with news last week that the country will get its first satellite-based video-on-demand service on 1 September. VOD:TV plans to offer a “subscription and transactional” system that