MultiChoice and NBC fork out R3bn on Showmax since April
Streaming partnership weighs heavily on expenses as the companies fend off growing competition
26 September 2024 - 17:39
MultiChoice and NBC say they have invested almost R3bn on video streaming platform Showmax since April as they seek to counter growing competition in the sector.
MultiChoice, which is the subject of a takeover bid by French broadcaster Canal+, unveiled an updated version of Showmax in January. The new platform is underpinned by technology from US giant NBCUniversal and was made available to new customers on January 23. Existing customers were migrated in February...
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