French media company Canal+ buys more shares in MultiChoice

[BusinessTech]

French media company Canal+ buys more shares in MultiChoice

French media company Groupe Canal+ has acquired additional shares in MultiChoice, taking it from 12% to more than 15%, it said in a shareholder statement on Thursday (23 September).

 

[etienne_marais]

Oui Oui

 

[Solitude]

It's a strange one. Surely Multichoice at this point in time isn't a good investment?

 

[Ghost64]

Interesting. They must know something. What’s Multichoice got up their sleeves I wonder. Also assume that 10cent is under the Naspers portfolio and not Multichoice ye?

 

[Polymathic]

This deal stinks.

 

[Arthur]

This deal stinks.

Why?

 

[Vorastra]

It's a strange one. Surely Multichoice at this point in time isn't a good investment?

How is it not? They're making more now than ever before.

 

[Vorastra]

Why?

Fromage

 

[Solitude]

How is it not? They're making more now than ever before.

They are? But we keep reading how they lose so many DSTV subscribers.

 

[Sepeng]

It's a strange one. Surely Multichoice at this point in time isn't a good investment?

Their last set of results seemed pretty good on the surface if it all.

The MultiChoice Group

As Africa's leading entertainment company, we create and secure the rights to phenomenal content from all over the world, whilst using the power of entertainment to enrich lives.

investors.multichoice.com

Subscriber base up (probably mostly the cheaper options), revenue up, trading profit up.

 

[Vorastra]

They are? But we keep reading how they lose so many DSTV subscribers.

MultiChoice South Africa*

Headline earnings:
2019: R7.4 billion
2020: R8 billion
2021: R8.5 billion

Subscribers (90-day rolling):
2019: 7.9 million
2020: 8.4 million
2021: 8.9 million

 

[Solitude]

That's interesting. I didn't expect that at all.

 

[RonSwanson]

It's a strange one. Surely Multichoice at this point in time isn't a good investment?

Le multichoix est très attractif, ils ont le monopole, une audience et une clientèle captives.

 

[Lupus]

They are? But we keep reading how they lose so many DSTV subscribers.

Premium isn't their core business really.