Entertainment After Signing New Deal, Multichoice To Add Netflix Content...

After Signing New Deal, Multichoice To Add Netflix Content Into Service

-

- Advertisment -

Multichoice Group has signed a deal with Netflix Inc. and Amazon.com to add its streaming services into its new decoder.

The deal was disclosed in MultiChoice’s results presentation, tagged ‘Improve Retention’ shared recently on its site.

Besides adding two global streaming services, MultiChoice is also getting ready to roll-out and launch its as-yet-unnamed “DStv dishless”, stand-alone DStv streaming service that will mimic its existing direct-to-Home (DTH) service but without the need for any installation.

The addition would enable existing subscribers get access to further streaming services through DStv, paying their monthly bill in local currency for the add-ons, lessening payment friction and providing one place for subscribers to find and watch the content they like.

MultiChoice already runs Showmax its own subscription video-on-demand (SVOD) streaming service.

“We have long been a content aggregator, and this is proof of our aggregator model at work – providing simplicity, choice and convenience for our customers,” said Calvo Mawela, MultiChoice CEO.

“As our industry evolves, we believe that we are well-positioned to benefit from both worlds – a large, growing pay-TV market in Africa, as well as an emerging over-the-top (OTT) opportunity, where our own OTT services and aggregation capabilities can drive success.”

MultiChoice added that over the last financial year it has produced 3,850 additional hours of local content with its local content library that now exceeds 56,800 hours.

The company plans on doing two new co-productions, Blood Psalms and Rogue, launch four new local content TV channels including a new action movie channel and plans to further ramp up local content production in 2021.
The Group has recorded 22 per cent growth in subscribers revenue in Nigeria, and expects new bouquets and 1H FY2020 migration to drive further growth.
Meanwhile, when the shares of Multichoice Group jumped by 8.5% to 102.62 rands on Wednesday at the Johannesburg Stock Exchange, South Africa, a lot of observers were shocked by the news, as it had not recorded such feat in months.⁶

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Spangler Got Talent 2020: Claire Emerges Winner, Walks Away With 1million Naira

By Adenike Fagbemi | 24year Old Nwafor Akunna Claire has emerged winner of the Spangler Got Talent Hunt 2020 as...

Jimmy Johnson, ‘Village Headmaster’ Actor Dies at 80

Veteran Actor, Writer and Broadcaster Jimmy Johnson has passed away on July 8 after complications from surgery in an...

SERAP Set to Host #NoCorruptionDay Challenge

Socio-Economic Rights and Accountability Project (SERAP), a public interest organization will be hosting a challenge geared towards tackling corruption...

APC Chairman Resigns In Ondo, Joins PDP

Samuel Olorunwa, chairman of the All Progressives Congress (APC) in Ese-Odo local government area of Ondo state, has resigned...

Osinbajo’s Daughter Cries Out.. It’s a lie: N800m Abuja property doesn’t belong to me – Kiki Osinbajo

Vice President Yemi Osinbajo’s daughter, Kiki has denied Jackson Ude’s allegation that she invested N800 million in the property...

TAAT opens a new frontier for Wheat in Ethiopia

Recent high-level monitoring visits to TAAT programme sites in Ethiopia show that adoption of new wheat varieties, coupled with...

Must read

Jimmy Johnson, ‘Village Headmaster’ Actor Dies at 80

Veteran Actor, Writer and Broadcaster Jimmy Johnson has passed...

Lagos Assembly Member,Representing Kosofe Constituency 2, Tunde Braimoh is Dead.

The lawmaker representing Kosofe Constituency 1 at the Lagos...
- Advertisement -

You might also likeRELATED
Recommended to you