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...
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