Showmax to be revamped, as owner of NBC, Sky takes 30% stake | Business

DStv owner MultiChoice said on Thursday it had inked a deal with US media giant Comcast, which will see the owner of NBCUniversal and Sky take a 30% stake in streaming platform Showmax, which will offer a plethora of new content. | News24_Business

News24 Business front pageDStv owner MultiChoice has 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. MultiChoice will own 70% of Showmax, with an extensive pipeline of international content from NBCUniversal and Sky to be complemented by third-party content from HBO, Warner Brothers International and Sony, along with live English Premier League football.

MultiChoice said that Comcast's technology, particularly NBCUniversal's Peacock platform - which has over 20 million subscribers in the US - will be used, which would mean the new Showmax group would be"exceptionally well placed to scale rapidly and become the leading platform in Africa". Comcast, through its subsidiary NBCUniversal, will inject cash for a 30% equity stake in a new UK registered-company, EarthCo, which will trade as Showmax, MultiChoice said, without giving financial details.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

News24 /  🏆 4. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DStv-owner MultiChoice announces massive streaming video dealMultiChoice has effectively sold a 30% stake in Showmax to a US broadcasting giant.
Read more »

NEWS & EVENTS | 30 Days of summer | LifeA look at the wine news and upcoming events you need to know this week. With only 30 days of summer left there’s a whole host of harvest festivals for you to choose from.
Read more »

MARK SMITH: SA launches four-day work week pilot with 30 companiesThe six-month experiment aims to balance performance and respect for workers’ lives in an emerging economy facing unique challenges
Read more »

Multichoice is launching a new mega streaming service with ComcastMultichoice is partnering with Comcast to launch a new streaming service – which will completely restructure Showmax.
Read more »

DStv kills first channel for 2023DStv will remove the channel, which broadcasts documentaries, music, news, dramas, sports, and children shows, on 31 March 2023.
Read more »