MultiChoice plunges almost 15% after flagging SA woes | Business

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Shares of DStv owner MultiChoice crashed almost 15% on Tuesday morning, wiping out almost R8 billion in a value, a move which comes after it flagged pressure on its SA margins as a result of load shedding and deteriorating economic conditions.

MultiChoice had 22.1 million subscribers as of September, 9.1 million of which were in SA - which accounted for almost 60% of its subscription revenue. The company had announced in early March that it 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.

A new version of Showmax with US technology and a plethora of new content will be launched, with the aim to compete with US giant Netflix, and become Africa's leading platform, it said.With new US co-owners and live soccer, Showmax wants to be Africa's go-to streaming platform The company, however, on Monday also said it was seeing success in its cost-containment drive, while due to the positive impact of increased scale, supported by good second-half subscriber growth over the festive season - - especially in Nigeria - the Rest of Africa business remains on track to return to trading profitability.In times of uncertainty you need journalism you can trust.

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This might be the reason I’ve been struggling to get my account corrected for over a month. Have been disconnected multiple times and everytime its due to a different reason. DStv are you trying to collect some more out of need?

More people must pull out until multichoice collapse or drop their price

I recently cancelled my Dstv because of the horrible service, to think I've been paying for years for something I didn't even need but now I'm saving.

Good. Fok hulle.

It serves them right

The scam is unravelling, love it!

Not surprising, it's a waste of money and people are starting to realize they are being ripped off

LuckyKunene2024 Good!! But why only R8b, it must crash again and wipe everything to zero!🤣🤣

Kanti nakho ukusibukisa izinhlelo ezifanayo ka thathu ngosuku ngathi amaphilisi kuyasibanga isicefe

They must join the protest on the 20th of March

kriswentzel9 ⚡👉📴🕯Decoders & tv's don't work during loadshedding. Unless the user forks out big money for an inverter that can run all the electronic stuff for over 8hrs min.(stage5 👉 4hrs outage + substations 💥 cables get stolen). Would be better to offer more devices for streaming?!

Their death is good for the world. They are a ruthless bunch of individuals

mxm...

DSTV is competing with top dog streaming channels that have quality content, plus YouTube. SABC is crashing because of bad content, Skeem Skaam is anchor of that station, plus people who don't access DSTV, otherwise SABC would have been history.

They play repeat after repeat, with expensive prices. Cut down the prices, open prime channels: Mzansi, Sports etc to everyone; for demand to meet supply. And place adverts during prime time. Stop PLAYING REPEATS!

🙆

kriswentzel9 Nothing to do with the pathetic quality or standard of their repeat movies I suppose or that all their staff are trained to lie to the customers or that they steal from customers..

And poor value for money, so customer base is falling away.

They left out their poor service

DStv fucking sucks everybody knows it

They don't want to listen to the people, how many years have people been asking them to create a sports package at a reasonable price. But no, they stick to their current formula. If they go under, the go under.

It really needs re-inventing in line with the programs …

Idk why they do t just change their business. They must provide internet and not videos or anything.

Thank you ANC

Even though SA is part of BRICS MultiChoice decided they are not with the people, and now they are surprised that customers are not having it. Shem

Here comes Canal+ to the rescue!

DSTV is as outdated as a telephone booth according to this Kenyan. Victim of the Internet. 🤣

Blame everything but do not forget all their pissed off subscribers ...

Mxm ga bana content aba wele kwa

As soon as dazngroup starts covering football, it’s game over for DStv - the password rule was a killer!

I canceled my subscription because they are too expensive to contiinuosly watch repeat after repeat.

They have gotten too greedy and have not listened to their customers needs. Where in the world do you pay over R1000 for satellite tv? DStv

Whack content. I'd rather stream than pay for this nonsense.

Main reason are people leaving them because of their rediculous high prices and poor contents of their tv channels. Endless repeats and hardly any fresh movies

Problems always start at the top...maybe it is time to shake up the management!

They must suffer

And yr cheaply made poor quality decoders will lose yrll more business too

How the hell is dstv listing money becoz of loadshedding, we are still paying full, they not giving us any discounts either, yr repeats are killing yrll

Very good.

Dstv must wake up and review their arrogant offering(s) ... Start here :- Give the client what he/she wants

Good Riddance DStv

DStv blaming Loadshedding is as fictional as their repeated content. The only thing new it’s the News. Some episodes one can actually recite because of how many times they have been repeated. Old programmes in the Information Age. They no longer hav exclusivity in media delivery

Maybe if they allowed recording on DSTV it will help.

DStv good. Ripping us for years. And now we don’t subscribe. Much better and cheaper options available.

DStv’s decision on streaming will be the death of them.

Serves them well.

DSTv does not supply value for money.

TSEK

The one password decision killed you. Not going to get a decoder because last week my tv was on for 2 days in the week due to loadshedding. Make access to rugby cheaper.

🤣🤣🤣🤣🤣 shame

While still at it. Tell them to stop sending me renewal messages. I ain't crazy. I am not renewing kak. I am doing fine with Netflix

Let it burn

Serves them right. Multichoice misuse electricity with its repeat programs and movies. We have seen their content they can close shop and go home

Great news DStv . Now we need a strong competitor to kill this monopoly. Tears of customers will never fall down. The amount of arrogance and poor service from you is unmatched

NamolaApp As we were saying... Exhibit A: Read the responses to this tweet.

What happened to Blackberry 📱 kuyabanyonyobela .

...and repeating content. DSTV killing themselves. Can't blame loadshedding for everything.

I lost hope in DSTV when they cancelled all American night talk shows and replaced it with nothing . It showed that they have no interest in keeping an audience just their money .

Half the time we don’t have electricity so what are we paying for , rip off Dstv

Yet we are told that businesses will suffer due to NationalShutdown

That thing must close shop it is a scam

😁😁😁 Dstv is the Blackberry of Pay Television. Adapt or die!!!

Cancelled showmax too. There was a Funds issue in a card reserved for arses like this. They ran the debit order every day non stop and forced the account incur failed debit orders. So cancelled forever from these rogues

Good! When they chase & bully pensioners for R120 caused by their system mistake when cancelling prime subscription, sympathy flies out the window!

Black excellence . 🤣🤣

Everybody blames load shedding. Not so sure that dstv is a power intensive user. Ripped off South Africans far too long. We don't need you DStv

Remember Dstv has swallowed TopTV, As results TopTV closed shops, and jobs were lost. Now the tables have changed, jiki jiki Multichoice claims that Netflix has an unfair advantage over Dstv as they do not pay tax in South Africa. Netflix will completely swallow Dstv in 5yrs time

good! MultiChoice can burn in hell! cancelled my services a little over a year ago, dont miss their crazy prices one little bit!!!!! 1000 rand to spend on internet and streaming services!

They don't give discount for Loadsheeding and benefits from repeats, they must tell the truth and stop hidding.

Been monopolising the sports media for years. Can’t believe SA corporate have allowed this to happen. SABC/ENCA, can’t compete with funding. One ruling sports media broadcaster. Absolutely shocking. It’s time we as South Africans stand up against DSTV.

Piece of rubbish

Listen to the youth open the industry and start to rethink about your one sided entertainment ideas DStv

Good news😁

Serves them right their rules are useless one user at a time whilst we pay R450 and on top of that we watch reapets for such existential prices ,we will boycott this shitty thing and rather stream live games or wait for highlights

Surprising considering most of their content is adverts

May DStv continue to fall

Wheeee… umntu uzobukela ibhola ku twitter

Their customer service department in Ranburg has been cut in half, or so it seems. Plenty of dry-walling. Was always impressed, never took longer than 10 mins to be called to a desk. Last visit, 40 minutes. The writing is on the (dry) walls.

Herotel Dumela...🙋‍♀️

Now they will overcharge even more on bullshit.. Flogging local bollocks down your throat

It is a matter of time before they close shop, unless they can remodel urgently and get off the customer rip off service.

African_Spring I feel good

simbachitando Good

DStv maybe consider changing your live streaming rules 🥱

Multichoice died when they removed the FOX channel

Netflix

Discovery Health is next.

Once upon a time, there was a phone called Blackberry. They charged what they liked and thought they were invincible. Ten years from now it will be Multichoice.

The only thing holding them from a total collapse is Supersport otherwise their model is dead

The only thing keeping them from completely collapsing is their unfortunate Monopoly on sport

R29 p/m package 📦 worth it 💁🏾‍♂️😅. Is got so many channels I can’t keep up like 20+ with all radio 📻 stations 💁🏾‍♂️

Leuba_Ramakadi They must join the national shutdown

Lol the wheel has turned

Outsurance 6 times after each other, yoh nee man fok

simbachitando Akuphele lokhu

I’m surprised people still pay DSTV

Multichoice might end up being a Nokia if it refuses to engage in progresiveness like it is doing!

Highest paying subscribers are no longer using DSTV. Their Now app can only be accessed by one user at a time🤨 Imagine u are a family of 5 with uncapped wifi but u cant watch all that u want coz dstv limits u on password use. Rather do Netflix and other streaming services

Good, DStv is an overpriced package that offers rubbish. Why don't you have an option were a client chooses their own channels and you charge depending on the number of channels. All your packages are nonsense and imbalance. I want sports, i do not watch news n moja love .

DSTV arrogance and lack of innovation cost them. It's a spent force.

AshrafGarda Stop increasing subscription and get more people to connect and stay active

Very good

Lol is dstv still around 😂😂😂😂😂😂😂😂😂

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

That's what you get for limiting streams to 1.

Guys , MTN recorded a 14% increase in revenue, under the same circumstances with tougher challenges linked to load shedding and batteries and towers being offline.

Dstv is expensive we have moved on 😏

With the latest streaming services and cheap fiber connection, DStv days are numbered.

Lekker AnC,.... Nation building champs ....

Their service sucks😡we cant see other channels and technicians have there more than 4 times

Good for them🤞🏿🤞🏿🤞🏿

It’s cheaper to get a VPN & watch all the international content you want without licensing restrictions

Of course everyone is gonna blame load shedding, even if their offering is kak!.

myfamilycinema is R60 pm and has everything & netflix is R100 pm and is shareable ShowmaxOnline is R100 pm and shareable. You can watch EVERYTHING on those 3 for R260 pm. Who cares about DSTV? Serious rip off.

Sasho, bathula ngathi abasizwa! Yini le, yinja le!

I noticed that... Everytime I wanted to catch Date My Family at 6pm on Sunday, it just became a.habit alright... Loadshedding was kicking my ass... Advertisers pay big money to be seen at prime time and if the channel loses it's viewers due to no power, it's a waste of ad space.

I'm surprised it took this long. Kodwa ke, bayalunga

has no nothing to do with loadshedding fibre in township is killing them

They are blaming loadshedding? How about the fact that their ridiculous monopoly is now finally being challenged by much much cheaper streaming services? Those that don't are about sport have long since jumped ship because the overall DSTV product is expensive yet mediocre.

They are the cause of their own downfall by playing the same nonsense since 2013 over and over gain and expect people to keep on watching

After more than a decade of loyal subscriptions our service was suspended due to a R3 difference not paid. Why couldn't you they deduct R6 on the next months subscription? What goes around comes a round hey.

DSTV is looking for a scapegoat, it's loosing value because of endless repeats.

Serves them rite✔️…thy have bin monopolising nd rippin us off. Thanx to loadshedding . We can live without depending on telly

Dstv is expensive and usless

Until they align their prices with loadshedding schedules let them suffer lezinto lezi

They must join national shutdown strike as well

Bayalunga. They stopped us from sharing passwords akere?🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️

Eskom is assisting in crashing dstv.

There’s just no reason 4 us 2 pay DStv anymore, I mean I can’t b paying 2 watch same thing everyday.

Those madafukers will Still increase subscription

Nganitshela zibumbu DStv ukuthi liyeza elenu

I don't think this has ANYTHING to do with loadshedding or economic conditions!

We can't always blame loadshedding. There isn't much to watch from DSTV, due to lack of progress. They repeat movies, dramas and play old movies. I mean you can't play Anaconda almost every weekend. Now we watch Fast and Furious EVERYDAY. I mean really.

Wonderful

It is crystal CLEAR that we don't like their programming and definitely won't pay their OVERPRICED premiums. They are in denial still...one day they'll get the picture

DStv this is a result on showing too many repeats n too many hallmark movies to save costs U subscriber number r dwindling coz of this n price pd Some shows finish n a week later it’s on rerun Most of us just use it for the sports since ur quality of shows is going downhill fast

Lies....OTT Services like Netflix is distroying them. They lost close to 200 000 subscribers in the last 3 years.

Great leadership by myanc led to this.

Dstv is rubbish anyway.

No tears

Let it die a slow death

Good news 😂🤣 My Wi-Fi and Streaming doing well.

AND REPEATING OF PROGRAMMES.!!!

With our sport channels Dstv Is nonexistent

They had many years years to catch up to the trend of online streaming but were playing around with satellite based model for too long.

Gentlements things keep falling apart

No DStv its because you are to expensive and have crappy content!

I would rather say their business model is in danger. Too many streaming services out there. Pricing, and why they changed DSTV Now to only allow log in for one device is beyond me. And not enough new or original content.

Well they’re continually pricing themselves out of the market and have done so for years. Then it’s allmoaning about how subscriber numbers drop while offering repeats.

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THE FINANCE GHOST: MultiChoice — it’s in the nameA solid deal between MultiChoice, Comcast and Showmax looks like it will secure the local player’s future against streaming services like Netflix. But Canal+ remains the mystery element, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

THE FINANCE GHOST: MultiChoice — it’s in the nameA solid deal between MultiChoice, Comcast and Showmax looks like it will secure the local player’s future against streaming services like Netflix. But Canal+ remains the mystery element, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »