Source: The South African
The MultiChoice Group recently signed agreements to offer Netflix and Amazon streaming services through its next-generation Explora personal video recorder (PVR) decoder.
According to TechCentral, MultiChoice published a presentation on its website detailing its 2020 financial results and revealed that it has launched field trials of its standalone DStv Streaming product — which is expected to be launched soon — and signed the Explora deals with Netflix and Amazon.
While MultiChoice already runs its own subscription video-on-demand (SVOD) streaming service Showmax, its latest 2019/2020 financial results revealed that subscribers to the service are at 19.5 million – which is a 5% increase from the previous year. South Africa still represents MultiChoice’s biggest and most powerful market, with 8.4 million pay-TV households, while the rest of Africa combined represents 11.1 million households. 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. This means local content now accounts for 40% of its total content spend.
“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,” says 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.”
According to My Broadband, MultiChoice’s annual results for the year also showed a continued decline in Premium subscribers.
MultiChoice combined Premium and Compact Plus into a single category for the purposes of showing year-over-year subscriber decline of 4% or 100 000 subscribers in the region. Growth was affected by one-off sports events in the prior year and some country-specific issues.