Since 1 April, MultiChoice and NBCUniversal have provided $164 million in equity funding to the Showmax video streaming platform.
Netflix will remain the market leader, with 6.9 million subscribers by 2029, while Showmax will garner 3.7 million, says Digital TV Research.
Please Call Me inventor speaks out: ‘I’ve made huge sacrifices’
In this week's tech news roundup, While he has made a lot of sacrifices during his protracted legal battle against Vodacom, ‘Please Call Me’ creator Nkosana Makate says he is “thrilled” with the latest court judgement. This, after Vodacom suffered another loss in the legal battle, when the Supreme Court of Appeal this week ordered the operator to determine a new compensation for the 'Please Call Me' inventor– within 30 days of the order. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #google #fnbnews News Links: https://www.itweb.co.za/article/multichoice-turns-down-r105-per-share-offer-from-canal/mYZRX79gA8aqOgA8 https://www.itweb.co.za/article/sa-cios-fear-support-pricing-changes-after-vmware-takeover/nWJadMbNonPMbjO1 https://www.itweb.co.za/article/please-call-me-inventor-speaks-out-ive-made-huge-sacrifices/GxwQD71Deox
The board concludes that the proposed offer price of R105 in cash significantly undervalues the group and its future prospects.
Canal+ anticipates its offer for MultiChoice, which is seeing dwindling revenue, to be a cash consideration of R105 per ordinary share.
The streaming service slates timeline to move viewers over to new streaming platform powered by Peacock’s technology, as it readies February relaunch.
MultiChoice's streaming service will relaunch with a new app and new product suite slated.
The local video streaming service hopes its partnership with Peacock will allow it to attract more subscribers.
The group’s overall online user base increased by 12% year-on-year, with the growth rate for paying Showmax subscribers at 26%.
The deal combines MultiChoice’s local content with that of NBCUniversal, HBO, Sky and live English Premier League football.
Steve Carlston takes up his new position in October, succeeding Craig Robinson.