MultiChoice Africa
Universal+ African Launch Date Revealed
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MultiChoice to Bring Disney+ to South African DStv Subscribers
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MultiChoice Shares Soar as Nigerian Tax Dispute is Settled
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7 Things You Need to Know About DStv’s New Streaming Rules
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MultiChoice Denies It Has to Pay $2.2-Billion Tax Backlog to Nigeria
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Multichoice Adds New Local Channels in Ethiopia
Image sourced from The Vanguard Nigeria MultiChoice has added Abol TV – a 24-hour premium 100% Ethiopian general entertainment channel – to its list of locally-focused channels. Abol TV joins DStv’s stable of Ethiopian programming including the Ethiopian Premier League, Amharic language channels such as Zee Alem, Nick Jnr Amharic, and local free-to-air channels. In developing the programming for Abol TV the channel director paid careful attention to Ethiopian culture, audience preferences and of course language. The content team worked with local Ethiopian producers and offered creative and financial support, partnering with them to produce world-class content that celebrates with the cultural nuances of the country and its people. MCG says that it supports the development of a continent-w...
Canal+ Acquires 6.5% Stake in MultiChoice
Image sourced from The Vanguard Nigeria MultiChoice has revealed that Groupe Canal+ SA – a French media company – has acquired 6.5% of Group’s ordinary shares. The African entertainment company emphasised that Canal+ would have to accept reduced voting rights of shares as it’s a foreign entity. “Shareholders should take note that, pursuant to a provision of the MultiChoice memorandum of incorporation, MultiChoice is permitted to reduce the voting rights of shares in MultiChoice (including MultiChoice shares deposited in terms of the American Depositary Share (“ADS”) facility) so that the aggregate voting power of MultiChoice shares that are presumptively owned or held by foreigners to South Africa (as envisaged in the MultiChoice memorandum of incorporation) will not exceed 20% of the tota...
MultiChoice to Deepen Investment in Ethiopia
MultiChoice has announced its intentions to “significantly increase its investment in Ethiopia which is recognised as having huge growth potential with its large population (second only to Nigeria)”. MultiChoice has operated in the country since 1992, and the company is looking to significantly expand its reach, investment in people and infrastructure, and its support of Ethiopian content and content creators. This includes investing heavily in local content as part of the Group’s hyper-local content strategy. “Our commitment to Ethiopia can be seen throughout our tenure. Unlike many other businesses, we remained in the country since we launched our local operation nearly 30 years ago. We have built a truly Ethiopian business which has delivered solid results for us over the years. The str...
