South African pay-TV platform MultiChoice is planning to layoff 2,194 staff.
MultiChoice has added 1.6 million subscribers across Africa, representing growth of 12% over the last 12 months.
Naspers says it will list its video entertainment business on the Johannesburg Stock Exchange (JSE) as MultiChoice Group Limited, starting 27 February 2019.
Sub-Saharan Africa is forecast to add more than 16 million pay-TV subscribers between 2018 and 2024 to bring its total to 45.63 million, according to the Sub-Saharan Africa Pay TV Forecasts report.
Naspers intends to list its video entertainment business MultiChoice separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders.
SABC’s 24-hour news network and re-run channel SABC Encore are to remain on the DStv network.
AMC Networks International UK will launch Sundance TV in South Africa for the first time, on Multichoice’s DStv.
According to the latest data by Dataxis for the year ending 2016, the number of pay-TV subscribers in Africa stood at approximately 18.7 million.
Most of the main pay-TV operators in Sub-Saharan Africa lowered their prices during 2016 to ward off competitors. The knock-on effect was that other platforms lowered their fees.
AMC Networks International – UK announced will launch telenovela channel Eva+ in Africa, a sister channel to Eva that first aired in spring 2015.