MultiChoice won’t hike the price of DStv Premium in 2019, reflecting the pressure the pay-television broadcaster is under at the top end of the market.
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MultiChoice will carry losses incurred by Showmax in the “medium term”, but the goal is eventually for the streaming television service to turn a profit once broadband infrastructure in South Africa and the rest of the continent has been built out further to support it.
Streaming services pose a significant threat to MultiChoice’s future growth potential, but they are by no means the only risks exercising the minds of the pay-television operator’s management team.
Multichoice Africa Group will list in the “broadcasting and entertainment” sector on the main board of the JSE on 27 February 2019, the pay-TV operator said in a statement after markets closed on Monday.
MultiChoice’s streaming video platform, DStv Now, is now available on Microsoft’s Xbox gaming consoles, the broadcaster said on Monday.
Netflix and other streaming video providers may be a long-term threat to MultiChoice, but the pay-television operator isn’t seeing too much of a challenge just yet, an analysis of the latest financial numbers from parent Naspers suggests.
MultiChoice plans big changes to its video-on-demand offerings, including a radical refresh of the design of DStv Now and new local content for its standalone VOD platform Showmax.
Free-to-air satellite broadcaster OpenView is fast closing in on 1.5 million active set-top boxes, growing its customer base by 42% in the past 12 months.
MultiChoice said on Monday that it is adding the Joox VIP streaming music service as a free value-add to DStv Premium, Compact and Compact Plus subscribers.
Communications regulator Icasa has announced it will conduct a regulatory impact assessment on television must-carry regulations following strenuous objections by the SABC.