The reduction in value of local currencies has resulted in MultiChoice putting its subscription rates up again for some of its African pay-TV subscribers. For example, MultiChoice Nigeria has once again announced an increase in the cost of subscriptions for its DStv and GOtv packages. The hike comes less than a year after the company […]
The long-running war of words and legal disputes between South Africa’s two giant independent broadcasters, MultiChoice Group and eMedia, has seemingly come to an end. All legal actions have been curtailed and the two entities have apparently opted for a private settlement between themselves. A note within eMedia’s half-yearly results (issued on November 25th) says […]
MultiChoice CEO, Marc Jury, has announced he will leave the South African pay-TV operator at the end of March 2025. Jury has been in post for some 18 months and he transferred to the top job from being CEO at MultiChoice-owned SuperSport. He was also responsible for MultiChoice’s Showmax service. In a letter to staff, […]
South Africa’s MultiChoice Group, itself now considerably under the influence of Canal+, has admitted it is facing financial headwinds. It will publish its full numbers on November 12th, but in a trading update issued on November 7th it said it has moved from a profit at the same time last year to a loss now. […]
MultiChoice, which controls the DStv portfolio of pay-TV channels for Africa, has secured another victory against local signal pirates. The target of its action is Internet streaming site Waka TV. An individual was arrested in Germiston, a city East of Johannesburg. The suspect is accused of theft, fraud, money laundering and violations of the Cybercrimes […]
Vivendi’s Management Board has updated plans to split up the conglomerate into three in order to release value. Under the plan, now with the Supervisory Board, the three operating companies would keep the decision-making centre of their activities, as well as their operational teams, in France: Canal+ and Havas, although listed outside of France, would […]
The independent board tasked by South Africa’s most significant pay-TV operator, MultiChoice, has recommended shareholders accept the takeover bid from French broadcaster Canal+. The offer values the company at $2.9 billion (€2.6bn). The Johannesburg group’s board said “the terms and conditions of the offer are fair and reasonable to MultiChoice shareholders”, and pointed to a […]
Canal+, the French media group, has increased its holding in MultiChoice to 42.47 per cent as it moves take full control of the African pay-TV company. Canal+ announced in a press statement that it had acquired in on- and off-market transactions, a further 3.87-million MultiChoice shares, and the transactions had been disclosed to South Africa’s […]
Canal+ has made an all-cash mandatory offer to acquire all the shares of South African broadcaster MultiChoice that it does not already own for SAR35 billion (€1.73bn), both companies have confirmed. That offer at SAR125 per share follows an indicative offer of 105 rand made by Vivendi-owned Canal+ on February 1st, which MultiChoice rejected on […]
Kenyan subscribers to MultiChoice’s pay-TV operations DStv and GoTV will be paying more for their viewing from April 1st. The prices rise by varying amounts depending on the tier level. For example, DStv’s cheapest tier (Lite) will be charged an extra KSh 50 (€0.35) ‘Family’ will pay an extra KSh 150 KSh, ‘Compact’ will pay […]