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Netflix eating DStv's lunch
Streaming services are eating into satellite TV revenue, and MultiChoice-owned DStv is at risk of having its lunch eaten by players like Netflix, Amazon Prime Video, and Disney+.
The pay-TV broadcaster's results for the year ended 31 March 2024 reported a R4.1-billion loss and declining subscriber numbers. The results also revealed that MultiChoice is technically insolvent.
Streaming services are eating into satellite TV revenue, and MultiChoice-owned DStv is at risk of having its lunch eaten by players like Netflix, Amazon Prime Video, and Disney+.
The pay-TV broadcaster's results for the year ended 31 March 2024 reported a R4.1-billion loss and declining subscriber numbers. The results also revealed that MultiChoice is technically insolvent.