mylesillidge
Journalist
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- Jul 29, 2021
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Netflix killing DStv in South Africa
The arrival of Netflix in South Africa accelerated a shift in how people consumed entertainment at home, to the detriment of the country's once-dominant pay-TV broadcaster, DStv.
DStv parent company MultiChoice recently reported a massive loss of R4.1 billion in its 2023/2024 financial year, following another loss of R2.9 billion in 2022/2024.
The arrival of Netflix in South Africa accelerated a shift in how people consumed entertainment at home, to the detriment of the country's once-dominant pay-TV broadcaster, DStv.
DStv parent company MultiChoice recently reported a massive loss of R4.1 billion in its 2023/2024 financial year, following another loss of R2.9 billion in 2022/2024.