South Africa-based pay-TV operator MultiChoice says it is facing a liquidity crisis in terms of its presence in Nigeria, its second-largest market. The problem is that repatriating cash out of Nigeria is expensive. The country has various foreign exchange rates, and the difference between the ‘Investors & Exporters’ rate (of US$1 is currently some Naira420. […]

South Africa’s MultiChoice pay-TV operation is to launch 4K content this autumn ahead of the 2022 FIFA World Cup football tournament being held in Qatar. CEO Calvo Mawela stated that MultiChoice is ready for the World Cup in 4K and the service will be offered on its DStv and Showmax Pro platforms; Showmax Pro is […]

South African broadcaster MultiChoice Group (MCG) delivered steady margins for the year ended March 31st 2022. “Reduced losses in the Rest of Africa (RoA), a rebound in advertising revenues and a continued focus on cost containment enabled us to absorb the R1.1bn (€70m impact of a normalisation in content costs as live sport returned and […]

South African broadcaster MultiChoice says that its headline earnings per share (HEPS) are expected to fall by as much as 25 per cent. The trading period to the end of March has been challenging enough, but it has suffered from foreign exchange losses that have hurt the pay-TV broadcaster. MultiChoice says that its HEPS numbers […]

Nigeria’s Competition and Consumer Protection (CCP) tribunal in Abuja has adjourned, for now, a case challenging the price increases planned by MultiChoice Nigeria Limited, owner of DStv and Gotv in Nigeria. Festus Onifade, a lawyer, sued the satellite television services giant over the increase in subscription prices, on behalf of himself and a coalition of […]

South Africa’s Communications minister Khumbudzo Ntshavheni is facing a challenging distribution plan as part of the nation’s roll-out of digital TV services. The minister is looking to install around 450,000 set-top boxes over the next eight weeks despite having taken 6 years to distribute a similar number to would-be digital viewers. South Africa is committed […]

Nigeria’s Federal Competition & Consumer Protection tribunal has confirmed a previous order to MultiChoice’s DStv and GOtv pay-TV services to stop its price increase levied on subscribers. The Tribunal, meeting in the nation’s Abuja capital, ruled on April 11 that MultiChoice cannot increase subscription prices pending a full hearing to determine the arguments for and […]

MultiChoice-owned OTT service Showmax is investing in four East African-produced original films and programming. Initially the output will be shown in Kenya this year. The new programming includes a feature film, a crime drama series, a high-level political thriller series set in a fictional county, and a thriller series. MultiChoice has not revealed the amount […]

The Nigerian government has been pursuing South Africa’s MultiChoice for alleged multi-billion Rand unpaid tax duties on its pay-TV subscriptions in the county. MultiChoice has always denied the full implications of the tax demand and now says it has reached an “amicable resolution” of the taxation matters. “In broad of agreement,” says a statement, “MultiChoice […]

South African pay-TV giant MultiChoice is to start streaming content to Kenya-based users with smart TVs and without the need for a dedicated decoder. MultiChoice Group Kenya MD Nancy Matimu said that the latest plan to venture into the OTT service is informed by the young generation “who are always on the Internet.” “We need […]