MultiChoice Group will launch an overhauled version of its streaming platform, Showmax, before the end of the year.
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MultiChoice Group said strong subscriber growth and profit elsewhere in Africa offset poor market conditions in South Africa.
The Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job.
NBCUniversal is acquiring a 30% stake in Showmax as part of a plan to build the leading streaming platform in Africa.
The Universal+ streaming service, which is being made available as a free, value-added offering to DStv subscribers, will be launched in mid-October.
Media giants are realising what Netflix already knows: streaming is expensive.
Comcast has jumped into the fray for Sky, challenging Rupert Murdoch’s 21 Century Fox and Walt Disney Co with a cash offer valuing the business at £22.1bn and opening the possibility of a bidding contest