Inspiring Leadership & Sustainable Business Transformation in Africa
SOUTH AFRICA – The French entertainment giant Canal+, which has steadily been buying shares in MultiChoice Group since 2020, has significantly increased its stake in the South African-headquartered pay-television operator to 26.26%. From around 6% in 2020, Canal+ built its stake to 15% by September last year. It reached 18.4% in mid-June, and 20.1% in by July this year. “MultiChoice…
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SOUTH AFRICA – Pan-African entertainment company MultiChoice has further expanded its hyperlocal offering with the launch of two new TV channels – Maningue Magic and Kwenda Magic – for audiences in Mozambique and Angola respectively.The group’s long-established hyperlocal strategy is a multi-pronged, hybrid approach combining local content acquisition, local production, and the development of local content through international production partnerships. The…
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SOUTH AFRICA – Groupe Canal+, the pay-television operator owned by French media conglomerate Vivendi, has once again increased its stake in DStv parent MultiChoice Group, taking its shareholding to 15%. MultiChoice disclosed in a regulatory filing that the French company has increased its stake from 12% to almost 15.4%. In 2020, Canal+ began snapping up shares in the Johannesburg Stock Exchange-listed…
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NAMIBIA – The Namibian subsidiary of MultiChoice, a satellite TV service provider, has chosen NamiGreen, an electronic waste management company to recycle its electronic waste in Namibia. The agreement between the two partners was concluded on August 13th, 2021. Satellite TV service provider MultiChoice is looking to reduce its environmental impact through the sustainable management of its electronic waste in…
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SOUTH AFRICA – Entertainment company MultiChoice, has increased its stake in Pan-African online sports betting company BetKing to 49%, a move the pay-TV giant says is in line with its strategy to expand its entertainment ecosystem and develop meaningful drivers of future value. The company announced that through its wholly owned subsidiary, Mwendo Holdings, it will invest US$321 million in BetKing to increase its…
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KENYA – Azuri Technologies, the first company to launch a complete pay-as-you-go solar TV package in Kenya, and MultiChoice Kenya have announced a partnership to bring DStv content to off-grid households in Kenya. The partnership bundles Azuri’s recently announced TV400 product, the 32″ solar powered TV and household energy solution, with the DStv HD decoder to offer customers access to leading world…
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SOUTH AFRICA – MultiChoice Group has expanded its repertoire with an agreement to buy a 20% stake in Africa-focused sports-betting platform BetKing for as much as US$116 million, giving it access to a sector that emerged as a winner from lock down restrictions that have encouraged home-bound entertainment. “Sports betting is an interesting market that is aligned to our pay-TV…
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SOUTH AFRICA – French media company CANAL+ SA has bought 6.6% stake in Multichoice in a deal that makes the foreign media giant the second biggest shareholder after the Public Investment Corporation (PIC). In a statement published on the Stock Exchange News (SEN), Multichoice said that it has filed the required notice with the Takeover Regulation Panel. Multichoice the owner…
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NIGERIA – Exactly three years after its launch, TSTV Africa, Nigerian indigenous Digital TV service, has fully relaunched its satellite broadcasting service. CEO/Managing Director of TSTV Africa, Bright Echefu during an interview with a local broadcasting house said that the three years in the woods gave the indigenous company a rare opportunity to restructure its operations. Echefu further said that…
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SOUTH AFRICA – MultiChoice Group has announced the establishment of the MultiChoice Innovation Fund as an extension of its existing Enterprise Development Trust. With the aspiration of being a pillar to propel small businesses forward, the innovation fund will invest in exciting new opportunities for innovators in the video entertainment industry and technology sectors, allowing them to bring their ideas…
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