The video streaming platform targets increased accessibility through zero-rating, artificial intelligence and gamification, as it transforms into a content aggregator.
Hollywood warns AI celebrities risk flattening culture and eroding accountability, as virtual influencers race to a $112 billion market by 2030.
Since 1 April, MultiChoice and NBCUniversal have provided $164 million in equity funding to the Showmax video streaming platform.
The telecoms company plans to transform into a “streaming content mall” to offer Netflix, Amazon Prime Video and Disney+ as part of its platform strategy.
The upgrade comes as DStv struggles to attract new subscribers, with stiff competition from global video streaming players.
It’s no surprise that British-based streaming service BritBox has decided to close its offering in South Africa, say analysts.
The streaming provider reports 15% year-on-year revenue growth in the first quarter of 2024, posting revenue of $9.4 billion.
Netflix will remain the market leader, with 6.9 million subscribers by 2029, while Showmax will garner 3.7 million, says Digital TV Research.
The video streaming giant adds 13.1 million subscribers in fourth quarter 2023, bringing the total number of subscribers to 260 million.
The group posts revenue of R28.3 billion, down 1%, while subscriber numbers reflect a 5% decline.
Several operators opt to launch their own platforms to tackle the connectivity issue faced by streamers, says Dataxis.
The local video streaming service hopes its partnership with Peacock will allow it to attract more subscribers.
The top news headlines for 24 - 29 January 2022
A summary of the top business technology stories shared by ITWeb between 24 - 29 January 2022. Visit www.itweb.co.za for more news. #Telecommunication #CyrilRamaphosa #OnlineSchools