MultiChoice
South African based satellite TV company in Sub-Saharan Africa
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April 2025 | Initial planned closing date for the transaction, which was subsequently delayed. |
March 1 2025 | MultiChoice planned a subscription rate increase for DStv and GOtv in Nigeria, with potential increases up to 20% for some packages, which was subsequently blocked by Nigeria's House of Representatives. |
November 2024 | MultiChoice partnered with The Earthshot Prize as its African broadcast partner, with Cape Town set to host the first Earthshot Prize celebration in Africa. |
September 2024 | Both companies filed with local regulators, maintaining the unchanged terms of their acquisition agreement. |
June 2024 | Canal+ Group and MultiChoice released a joint circular, with Canal+ having obtained 45.2% of company shares and an interim board approving the revised offer. |
March 2024 | MultiChoice reported an 18% drop in subscribers in Nigeria and lost 243,000 subscribers across DStv and GOtv platforms between April and September 2024 due to severe economic conditions. |
February 1 2024 | Canal+ initially made an offer to MultiChoice's investors to acquire remaining shares at R105 per share, which was 40% higher than the previous day's offer of R75. |
January 15 2024 | MultiChoice Group announced a partnership with Comcast to offer a standalone Premier League streaming plan on Showmax, expanding its streaming offerings in Africa. |
2023 | Showmax was relaunched in partnership with Comcast, who acquired a 30% stake in the service. |
February 2023 | French media company Groupe Canal+ acquired a 30.27% stake in MultiChoice, which eventually increased to 31.7%. |
June 2021 | MultiChoice increased its stake in BetKing to 49%. |
2020 | MultiChoice reported a total subscriber base of 20.1 million viewers across Africa, with Naspers highlighting the company as one of the fastest growing pay-TV operators globally. |
November 2020 | MultiChoice acquired a 20% stake in Nigeria's sports betting company, BetKing, with plans to launch in South Africa. |
October 2020 | French media company Groupe Canal+ acquired a 12% stake in MultiChoice. |
April 15 2019 | ICASA released a preliminary report addressing MultiChoice's dominance in the pay-TV market, suggesting potential regulatory remedies to break up exclusive long-term content contracts. |
February 2019 | ICASA was addressing a complaint by Khulisa Social Solutions (KSS) regarding MultiChoice Group's listing on the JSE, which KSS claimed potentially breached the company's broadcasting licence requirements. |
February 27 2019 | MultiChoice Group was listed on the Johannesburg Stock Exchange (JSE) with share code MCG, immediately becoming eligible for inclusion in the JSE Top40. |
September 2018 | Naspers announced the separation of its video entertainment business to be listed as MultiChoice Group, which would include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. |
September 19 2018 | MultiChoice announced plans to launch a streaming version of DStv in 2019. |
May 29 2018 | MultiChoice South Africa partnered with the University of Pretoria to sponsor a Research Chair in Machine Learning, providing bursaries for students in Engineering, Data Science, and Computer Science. |
2017 | MultiChoice lost 100,000 premium subscribers in the 2017/18 financial year and called on ICASA to regulate Netflix and other OTT providers in the South African Pay-TV sector. |
2015 | Showmax online video-on-demand subscription service was established. |
This contents of the box above is based on material from the Wikipedia article MultiChoice, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.