DStv owner bets the farm on Showmax

MultiChoice plans to grow Showmax ’s subscribers and revenue by 1,800% over the next four years and make it the top streaming service in Africa.

With the decline in DStv subscribers, MultiChoice is pinning its hopes on Showmax to save the company and return it to its former glory. This prediction does not bother Showmax. The company said it expects video streaming uptake to undergo exponential growth in Africa. In its latest financial results, Multichoice said Showmax subscribers grew by 16% over the last year.

Multichoice indicated that it aims to capture 25 million subscribers on the Showmax platform by 2028. It said the last financial year was pivotal for Showmax as it relaunched across 44 markets in sub-Saharan Africa on Peacock’s world-class platform. The streaming service released 59 original movies and TV series in South Africa, Nigeria, Kenya and Ghana.

Headline Multichoice Showmax Investing

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MultiChoice warns loss will more than double on Showmax spend, foreign exchange hitsMultiChoice warns loss will more than double on Showmax spend, foreign exchange hits
Source: News24 - 🏆 4. / 80 Read more »

Showmax's Born Into Fame debuts amid drama as MultiChoice denies claims of intellectual theftShowmax's Born Into Fame debuts amid drama as MultiChoice denies claims of intellectual theft
Source: News24 - 🏆 4. / 80 Read more »

Plans for DStv and Showmax after Canal+ takeoverCanal+ chair and CEO Maxima Saada explains the company’s plans for DStv and Showmax once its takeover of MultiChoice concludes.
Source: mybroadband - 🏆 11. / 67 Read more »

Showmax’s first revenue numbers releasedMultiChoice published its annual results for the 2024 financial year, revealing strong revenue growth for Showmax.
Source: mybroadband - 🏆 11. / 67 Read more »

Nigeria orders free DStv for a month, fines MultiChoiceNigeria orders free DStv for a month, fines MultiChoice
Source: Fin24 - 🏆 21. / 63 Read more »

Nigeria orders month's free DStv in blow to MultiChoiceAn antitrust tribunal in Nigeria has fined MultiChoice and ordered a month of free viewing for its subscribers there.
Source: TechCentral - 🏆 8. / 71 Read more »