News24 Business front pageDStv owner MultiChoice has inked a deal with US media giant Comcast, that will see the owner of NBCUniversal and Sky take a 30% stake in its streaming platform Showmax. MultiChoice will own 70% of Showmax, with an extensive pipeline of international content from NBCUniversal and Sky to be complemented by third-party content from HBO, Warner Brothers International and Sony, along with live English Premier League football.
MultiChoice said that Comcast's technology, particularly NBCUniversal's Peacock platform - which has over 20 million subscribers in the US - will be used, which would mean the new Showmax group would be"exceptionally well placed to scale rapidly and become the leading platform in Africa". Comcast, through its subsidiary NBCUniversal, will inject cash for a 30% equity stake in a new UK registered-company, EarthCo, which will trade as Showmax, MultiChoice said, without giving financial details.
_Business 😒
_Business Just let the consumer select what they want to select and we will pay for it. stop forcing crap on us... Not to mention ya'll play the same movies and shows 24/7
_Business We just want cheaper dstv packages DStv
_Business Get ready for propaganda
_Business Damn...showmax will be expensive now with repeated shows and movies
_Business You are not going to be paying R99 a month for much longer.
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