{"id":216900,"date":"2017-06-25T08:59:19","date_gmt":"2017-06-25T06:59:19","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=216900"},"modified":"2017-06-25T09:00:37","modified_gmt":"2017-06-25T07:00:37","slug":"dstv-gets-more-subscribers-makes-more-money","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/broadcasting\/216900-dstv-gets-more-subscribers-makes-more-money.html","title":{"rendered":"DStv gets more subscribers, makes more money"},"content":{"rendered":"<p>MultiChoice, the company behind DStv, has released its annual financial results for the year ending 31 March 2017.<\/p>\n<p>The company said its results were satisfactory despite tough conditions in the South African economy.<\/p>\n<p>The weakness of the rand also had a negative effect on MultiChoice, as it bills its customers in rand and pays for most costs in US dollars.<\/p>\n<p>The group saw increases in revenue and profit for the period, and delivered the following results:<\/p>\n<ul>\n<li><strong>Revenue<\/strong> &#8211; R40.54 billion<\/li>\n<li><strong>Operating<\/strong>\u00a0<strong>profit<\/strong> &#8211; R10.16 billion<\/li>\n<li><strong>Taxation<\/strong> &#8211; (R2.63 billion)<\/li>\n<li><strong>Profit for the period<\/strong> &#8211; R6.83 billion<\/li>\n<\/ul>\n<p>The results also showed that the company has a commitment of R25.39 billion for programme and film rights.<\/p>\n<h3 class=\"my-4\">Subscribers and content<\/h3>\n<p>MultiChoice said it added 625,000 customers &#8211; around 11% growth &#8211; across its packages in the period, reaching a high of 6.3 million households.<\/p>\n<p>The company also highlighted its large spend on local content during the period, which included investing:<\/p>\n<ul>\n<li>Over R2.1 billion on local content<\/li>\n<li>Over R2.0 billion on local sports content<\/li>\n<\/ul>\n<p>MultiChoice launched 15 new HD channels on DStv during the year, it added, including\u00a0M-Net Movies Action,\u00a0KykNET &amp; Kie, and\u00a0SuperSport Blitz.<\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/broadcasting\/216796-more-viewers-getting-low-end-dstv-packages.html\" rel=\"bookmark\">More viewers getting low-end DStv packages<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>MultiChoice, the company behind DStv, has released its annual financial results for the year ending 31 March 2017.<\/p>\n","protected":false},"author":23,"featured_media":120242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[24],"tags":[85,35,475],"class_list":["post-216900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-dstv","tag-headline","tag-multichoice"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/216900"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=216900"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/216900\/revisions"}],"predecessor-version":[{"id":216902,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/216900\/revisions\/216902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/120242"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=216900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=216900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=216900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}