This partnership marks the first-ever pre-installation rollout of a MultiChoice Group streaming application, DStv Stream app, on Samsung Smart TVs across these markets.

It also supports the continued expansion of MultiChoice Group’s streaming and OTT ecosystem across key African markets.

This new milestone builds on the strategic partnership already deployed between CANAL+ and Samsung across 40 markets in Europe, French-speaking Africa and Asia.

From 1 June 2026, the DStv Stream app will be pre-installed on all new Samsung Smart TVs across 18 African countries, including South Africa, Nigeria, Kenya, Angola, Tanzania, Uganda, Zambia and Zimbabwe.

Through this integration, Samsung users will benefit from simplified access to the full breadth of content available on DStv Stream, including the entire FIFA World Cup 2026, the English Premier League, and domestic and international rugby competitions, alongside a rich offering of local and international entertainment content.

The DStv Stream app will be directly accessible from the home screen of new Samsung Smart TVs, providing users with the simplest and most seamless way to access MultiChoice Group’s content and offerings.

This partnership is a strong example of the opportunities created by the combination of CANAL+ and MultiChoice Group, accelerating the distribution of digital services and enhancing accessibility, discoverability and user experience for English- and Portuguese-speaking audiences across Africa.

David Mignot, CEO of CANAL+ Africa and CEO of MultiChoice Group:

“We are delighted to extend our longstanding partnership with Samsung across new English and Portuguese-speaking African countries. It marks a significant milestone in the synergies created by the combination of CANAL+ and MultiChoice Group. As viewing habits continue to evolve rapidly across the continent, strengthening the accessibility and discoverability of our content offer on connected devices is key. By expanding the availability of our applications on Samsung Smart TVs across key African markets, we are making it even easier for millions of MultiChoice Group’s subscribers to seamlessly access the content that define the uniqueness of CANAL+ and MultiChoice Group experience”.

The post DStv Stream Lands on Samsung Smart TVs in MultiChoice’s First Pre-Installation Deal appeared first on Tech | Business | Economy.

The Group achieved ₦960 billion ($3.7 billion) in cost savings—far surpassing its interim target of ₦650 billion ($2.5 billion) and nearly doubling the ₦490 billion ($1.9 billion) saved in the previous fiscal year.

A disciplined approach to pricing helped offset subscriber losses, with inflationary price adjustments averaging 5.7% in South Africa and 31% in other African markets.

These efforts contributed to a 1% year-on-year organic revenue growth.

“Our performance showcases both the hurdles we’ve overcome and the resilience of our teams. While macroeconomic pressures and currency fluctuations have impacted results, our strategic execution, cost management, and investments in long-term growth put us in a strong position,” says Calvo Mawela, CEO of MultiChoice Group.

Adapting to industry shifts As the entertainment landscape continues to evolve, MultiChoice Group has responded with innovative solutions.

New products like DStv Internet recorded an 85% increase in revenue, while KingMakers grew by 76% and DStv Stream by 48%. Showmax, the Group’s streaming service, saw active paying customers rise by 44% year-on-year.

Notably, the Group returned to a positive equity position, supported by cost savings, currency stabilization, and the sale of 60% of its insurance business (NMSIS) to Sanlam.

Financial Performance Overview

• Subscriber Base: The decline in active linear pay-TV subscribers has slowed, with the base now at 14.5 million—a drop of 8% compared to the previous year’s 11% decline.
• Revenues: Organic revenues rose by 1% year-on-year, primarily driven by pricing strategies and product expansion. However, reported revenues declined by 9% to ₦13.2 trillion ($50.8 billion) due to a subscription revenue dip and foreign exchange pressures.
• Trading Profit: Before adjustments, trading profit grew by 20% year-on-year. After factoring in Showmax’s trading losses, currency depreciation, and mergers and acquisitions, trading profit declined to ₦1.04 trillion ($4.0 billion).
• Adjusted Core Headline Earnings: The Group reported a loss of ₦208 billion ($0.8 billion), mainly due to reduced trading profits and hedging losses.
• Cash Flow & Liquidity: Free cash outflow stood at ₦130 billion ($0.5 billion), reflecting lower profitability and higher lease repayments. The Group closed the year with ₦1.3 trillion ($5.1 billion) in cash reserves and access to ₦790 billion ($3.0 billion) in borrowing facilities.

Operational Highlights

• Content Leadership: MultiChoice remains the leading producer of African original content, with its library expanding to 91,470 hours. Shows like Big Brother Mzansi and Big Brother Naija continue to attract strong viewership.
• Sports Excellence: SuperSport broadcast 47,839 hours of live sports, including major tournaments like the Paris 2024 Olympic Games and EURO 2024.
• School Sports Innovation: SuperSport Schools experienced 46% growth in registered users, reaching 1.2 million.

Business Segment Updates

• MultiChoice Nigeria focused on customer retention, partnerships with Capitec, MTN, and PEP, and improved customer experience.
• MultiChoice Africa implemented inflation-based price increases and piloted weekly subscriptions in Uganda for affordability.
• Showmax continued its expansion, despite slower subscriber growth, delivering a 44% increase in paying users.
• Irdeto grew revenue by 8%, strengthening security solutions across multiple sectors.
• KingMakers saw strong growth in online sports betting, particularly BetKing Nigeria, while SuperSportBet gained traction in South Africa.
• Moment, MultiChoice’s fintech solution, processed $635 million in transactions, representing a sevenfold increase year-on-year.

Future Outlook MultiChoice Group remains committed to a sustainable long-term strategy. In the coming year, it aims to:

• Stabilize revenue in video businesses while driving growth in entertainment, fintech, and insurance.
• Optimize operations to protect profitability and cash flows.
• Advance partnerships with Canal+ to unlock long-term strategic benefits.

A new ₦520 billion ($2.0 billion) cost-saving target has been set for FY26, aiming to reshape the business for shifting market conditions.

With these measures, MultiChoice Nigeria aims to strengthen profitability, stabilize operations across Africa, and refine Showmax’s performance.

The Group said it is determined to remain Africa’s premier entertainment provider—one that evolves with consumer habits and industry trends.

The post MultiChoice Group Saves ₦960 billion, as Strategic Interventions Help Counter Economic Challenges appeared first on Tech | Business | Economy.

In a statement on Thursday by the Executive Head of Marketing at MultiChoice West Africa, Tope Oshunkeye, MultiChoice announced that the changes took effect from Wednesday, October 9, 2024.

As part of the rebranding, the current SuperSport Select Channel has been renamed SuperSport Africa.

A new channel, SuperSport Action, has also been introduced, featuring a broader range of sports content, including UFC matches and additional Champions League games.

On the GOtv Jinja and GOtv Jolli packages, SuperSport Africa will replace Select 2 (Channel 64).

On the GOtv Max package, SuperSport Africa and SuperSport Africa 2 will replace Select 1 and Select 2 (Channels 63 and 64).
SuperSport Action will replace Select 3 (Channel 69) on the GOtv Supa and SupaPlus bouquets.

Oshunkeye explained the reason for the updates, stating, “The channel revamp is part of our ongoing efforts to enhance our sports offering and provide customers with more unbeatable sports content that resonates with them.”

He added that the new channels would deliver top sports action from around the world, including local boxing, UFC events, comprehensive analysis, and other engaging content curated for the African audience.

Oshunkeye reiterated MultiChoice’s commitment to offering premium services, saying, “We remain dedicated to delivering the best sporting action to our customers and continuously exploring ways to delight them with more choices, exciting live content, and great value.”

Subscribers are encouraged to subscribe, reconnect, or upgrade their packages through the MyGOtv App or by dialing *288#. They can also watch their favorite sports on the go using the GOtv Stream app.

The post MultiChoice Renames New channels on DStv, GOtv appeared first on Tech | Business | Economy.