MultiChoice has been bleeding DStv Premium subscribers to Netflix since affordable uncapped fibre became available in South Africa.<\/p>\n
The same thing is set to happen to other DStv packages when cheap data becomes available to a large part of the population.<\/p>\n
This is the view Sasfin Securities deputy chairman, David Shapiro who was commenting on MultiChoice\u2019s recent financial results.<\/p>\n
Shapiro said MultiChoice is still using older satellite technology, which is currently serving it well, but it will change when affordable data becomes widely available.<\/p>\n
\u201cMultiChoice is going to find a strong competitor in Netflix and all the other streaming services which are coming,\u201d he said.<\/p>\n
MultiChoice is in a very good position without competition from streaming services, but affordable data will change the environment.<\/p>\n
To stay relevant MultiChoice is investing heavily in local content, but that may not be enough to stave off competition.<\/p>\n
Even with an increase in local content, Shapiro is backing the data and streaming revolution rather than the DStv satellite service.<\/p>\n
Business Day TV\u2019s Giulietta Talevi agreed, adding that DStv\u2019s high prices are not serving it well in a competitive environment.<\/p>\n
DStv Premium was South Africa\u2019s premier entertainment platform for years, with subscribers peaking at 2.35 million in 2015.<\/p>\n