DStv subscribers in SA declined from 8 million to 7. 6 million over the last year.
More than 400,000 people in South Africa have dumped DStv, MultiChoice’s annual report shows. The report showed that the pay channel’s subscribers had declined to 7.6 million in the year ended 2023/24, compared to 8 million in the previous financial year.
“Active subscribers declined from 8.0 million to 7.6 million, while the 90-day active base reduced from 9.3 million to 8.6 million,” MultiChoice noted.South Africa accounts for 48.5% of MultiChoice’s active subscribers and makes up around 60% ofThe 2024 financial results also noted that MultiChoice recorded a R4.1 billion loss and therefore has become technically insolvent.
MultiChoice had entered into an agreement with Comcast Corporation , a subsidiary NBCU and Sky in March 2023 to form a partnership with the aim of driving Showmax to become the leading streaming service in Africa.
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