MultiChoice’s three bad bets

Greed leading the blind. They dug their grave and now they bribe MyBB to post about their demise hopefully hoping that someone who doesn't want or need their service feels pity on them and give them monies
 
I'd be very intrigued as to the decision making around those investments.

They are all way way way outside of Multichoices area of supposed expertise.
 
omfg, what a great m&a team they must have. ****ing useless *****
 
Got burnt in Nigeria with Kingmakers, and are now getting burnt in SA with the same thing with Sbet. They've looked to milk their subs dry, and then some, so no sympathy here.
 
Thought they focussed on local productions because that's what the viewers want?
 
ectoplasm said:
What their viewers want is something MC will never give them. The viewers is seen as cash cows that needs to be milked
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They're not really getting the whole picture when it comes to reading the signs. These days, there are plenty of other options out there, even for sports. Some are legit, some not so much. They can't act like they're still the only game in town.
 
BBSA said:
They're not really getting the whole picture when it comes to reading the signs. These days, there are plenty of other options out there, even for sports. Some are legit, some not so much. They can't act like they're still the only game in town.
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Like dishing out 1 hour of a series per week :mad:
 
This is a simple case of 2 issues;

1. Absolutely 0 adaption to the market, relying on paying customers as a never-ending flow of cash.
2. Absolutely terrible management from the CEO and other Executives, probably bordering on mis-governance and theft.

"In 2022, MultiChoice said the investment was worth R92 million. Two years later, Multichoice impaired Questar to R nil."

I mean - its 100% clear as daylight this was probably a R92 million money-laundering and tax evasion scheme that executives did to move money into other countries and then into their slush funds.

Usually the "how could they make such a stupid decision" question is answered with: "Because they knew what there were doing, and its not what we all thought"

"MultiChoice wrote down its entire investment in Bidstack to R nil."

Rinse-and-repeat...

Kingmakers is well on its way to 0....

Notice too how all of these companies were international... great way to get personal funds in another country...
 
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