Black was crazy, says Cell C CEO

[Yskasmetnstoof]

SABC can do it though guys, have faith!

Ha ha!

 

[Rocket-Boy]

Well done for finally figuring it out Cell C.
This should be a good lesson for most companies in SA trying to do this, it doesnt work without good content.

 

[Jet-Fighter7700]

Well done for finally figuring it out Cell C.
This should be a good lesson for most companies in SA trying to do this, it doesnt work without good content.

unfortunately 30% maths pass rate has a price.
and many wont learn this lesson, and will try reinvent the wheel over and over again.

 

[elf_lord_ZC5]

unfortunately 30% maths pass rate has a price.
and many wont learn this lesson, and will try reinvent the wheel over and over again.

See they are still flogging Black Streaming Boxes on Takealot ... , poor idjits that buy them

Takealot

www.takealot.com

 

[Swa]

.

I don't think any streaming services do well, even the big international guys don't make a profit. IMO the only way to make it long term is to have enough investment capital to make a loss for the next decade or so while you take as much market share as possible and wait for the market to settle. Or you have a streaming service as a way to enhance your other products and differentiate yourself from competitors but keep the costs low.

They're focusing on the wrong thing. It should be about convenience and not being the best and cheapest.

Oh trust me they make a profit, Netflix has been burning a bit of cash on shows and movies but they have gone from just over half a billion in 2017 to 1.9 odd billion in net income in 2019. even amazon prime makes a fair of money granted not as much as Netflix likely around 50 to a 100 million, just a guesstimate but considering they made 1.9 billion net income on 51 billion revenue they can afford to make a loss or smaller profit as they build the streaming service.However lately amazon has been burning a lot of cash on the entire business they will likely slow down at some point but 1.9 billion profit isn't bad at all with the amount of cash they are burning.

hbo has cable services and streaming services so they are making money, Hulu pulled in 1.5 billion in ad revenue while it still doesn't make much profit if any Walt Disney is the owner backing them so they have the cash to burn.

Streaming services coming from the us have a much bigger population and larger audience then we have, fair bit of competition and still manages to come out with record breaking revenue year on year.Very few streaming services outside of south Africa that don't turn some profit whether 5 dollars or a 100 million they are still turning profit.

our market is too small and lacking local content that measures up to international standards will never turn a profit reliance on international content to stream underpins any profit they would make.

Creative accounting. Their content investments keeps costing them more than what they get in and it's only growing. The model will collapse.