MultiChoice Group remains committed to the turbulent Nigerian market, CEO Calvo Mawela said.
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Subscriber growth at the relaunched Showmax has been strong, but start-up costs are high.
MultiChoice has blamed a “challenging consumer environment” for a 9% slump in active subscribers.
Frikkie Jonker tells the TechCentral Show that MultiChoice’s war on streaming piracy is just getting started.
An antitrust tribunal in Nigeria has fined MultiChoice and ordered a month of free viewing for its subscribers there.
MultiChoice Group has taken action against another pirate streaming operation and has said further arrests are likely.
MultiChoice warned of deepening full-year losses as it battles forex losses and an increasingly difficult trading environment.
Following an arrest, investigations are under way into the “thousands of individuals connected to the Waka TV pirate network”.
Canal+ and MultiChoice have hinted at how they will seek to get around strict foreign ownership restrictions in South Africa.
An independent board formed by MultiChoice recommended an all-cash mandatory offer made by France’s Canal+.