Etv owner posts R1.6-billion loss

Jamie McKane

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Etv owner posts R1.6-billion loss

South African TV broadcaster eMedia has posted a loss of R1.6 billion for the year ended 31 March 2018, according to its annual results.

Lasted year, the company posted a profit of R160 million, with it stating that this year's loss was largely due to continuous pressure from the SABC on Etv.
 

R13...

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This passage?

“e.tv’s share of broadcast audience remains under pressure, mostly due to the popularity of local dramas commissioned by the SABC,” eMedia said.

The company said it faced unfair competition from the public broadcaster as the SABC is subsidised and commissions a large amount of local content.

“While the SABC commissions a substantial amount of local programming, at much higher cost than equivalent international content, our ability to commission additional local drama is limited by our production budget and profitability,” eMedia said.

“Our schedule will remain under pressure while the SABC continues to operate under a subsidized regime,” the company added.
 

The_Librarian

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Wait, what? the SABC is subsidized? :confused:

I thought they manage to get by on licence fees and Hlaudi's miracles? :confused:
 

garp

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More like:

Wait, what? The SABC produces content people actually watch?
 

Fox1

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So OVHD will break even if they double their 35000 activations per month. That's not far fetched when breaking the 1mil mark was but a pipe dream.
 

system32

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rietrot

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This passage?

“e.tv’s share of broadcast audience remains under pressure, mostly due to the popularity of local dramas commissioned by the SABC,” eMedia said.

The company said it faced unfair competition from the public broadcaster as the SABC is subsidised and commissions a large amount of local content.

“While the SABC commissions a substantial amount of local programming, at much higher cost than equivalent international content, our ability to commission additional local drama is limited by our production budget and profitability,” eMedia said.

“Our schedule will remain under pressure while the SABC continues to operate under a subsidized regime,” the company added.
Shît excuse. That has been the case for the last 20 years.
 

R13...

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Shît excuse. That has been the case for the last 20 years.
More like multichoice capturing more of the local market with popular local production that forces SABC to follow. And eTV getting left in the dust
 

ekske1

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Etv owner posts R1.6-billion loss

South African TV broadcaster eMedia has posted a loss of R1.6 billion for the year ended 31 March 2018, according to its annual results.

Lasted year, the company posted a profit of R160 million, with it stating that this year's loss was largely due to continuous pressure from the SABC on Etv.
DStv killing in Etv South Africa could cost thousands of jobs ?
 

Toxic T

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Simple solution. Buy the rites to soccer. Sell the advertising space and no half time show.
 

rietrot

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Simple solution. Buy the rites to soccer. Sell the advertising space and no half time show.
Just take a camara to any small sporting event that isn't covered. People like sports and will watch any sport. Make some small-time soccer league famous.
 
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