Shares in eMedia Holdings leapt higher on Wednesday after it said it expected full-year headline earnings per share to jump by as much as 301%.
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eMedia Holdings has reported a sharp increase in revenue and profits for the six months to 30 September 2021, driven by a surge in advertising sales.
eMedia has filed papers in the high court to stop the communications minister from declaring a March 2022 date for analogue television switch-off.
Communications minister Khumbudzo Ntshavheni has drawn a line in the sand, saying the switch-off of analogue television broadcasts in South Africa will happen by the end of March.
The SABC has concluded a distribution agreement with Walt Disney Co that will allow it to broadcast local and international live sporting events, news programming and a library of sporting content from ESPN.
eMedia Investments, the holding company of e.tv, eNCA and Openview, has plunged headfirst into streaming, launching eVOD, a video-on-demand service, in partnership with MTN South Africa.
Openview, the free-to-air satellite platform in the eMedia Holdings stable, has increased the number of activations of its set-top boxes by more than 18% in the past year.
The SABC has begun warning viewers of its analogue terrestrial television channels that the broadcasts are coming to an end as the country finally moves to digital terrestrial technology.
The SABC and eMedia Investments have inked a channel carriage agreement that will see the public broadcaster supplying Openview with six television channels – SABC 1, 2 and 3 and three new channels.
eMedia Holdings’ Openview is about to get a challenger in the free-to-air satellite television market with the imminent launch in South Africa of a new service called PremiumFree TV.