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Showmax loses R1.2 billion

MultiChoice revealed that Showmax lost R1.2 billion in the last financial year but would not disclose all historical losses. Showmax is a core component of MultiChoice’s growth strategy, and it wants to make it the leading streaming service in Africa. It views Africa as the final frontier for subscription video-on-demand (SVOD) growth and is putting billions behind its streaming plans. To drive its growth, MultiChoice will relaunch a new version of Showmax powered by...

By 2023-06-22 14:02:19 0 326

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