Showmax will increase the prices of two of its five subscription packages, beginning in August, it said on Wednesday.
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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.
MultiChoice warned of deepening full-year losses as it battles forex losses and an increasingly difficult trading environment.
Canal+ has continued snapping up shares in MultiChoice as a 4 June deadline nears to publish a joint circular.
France’s Groupe Canal+ has continued to buy shares in acquisition target MultiChoice Group.
Groupe Canal+ has disclosed that it has bought even more shares in MultiChoice Group in recent days.
Paramount Global has signed a deal with MultiChoice to bring the Paramount+ streaming service to African audiences.
On a risk-adjusted basis, there are more compelling stocks to buy in the relatively cheap South African market.
MultiChoice South Africa has announced its price adjustments for 2024, which will take effect on 1 April.