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.

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