MultiChoice has unveiled its new DStv prices which will kick in on 1 April 2021, which include price increases on most products.<\/p>\n
MultiChoice COO Simon Camerer said while they are increasing prices across the board, they have been able to keep them in check.<\/p>\n
\u201cOn a weighted average basis, we are looking at about a 2.4% increase across the base,\u201d said Camerer.<\/p>\n
He said they have tried to keep it under inflation, which they have done for the last number of years.<\/p>\n
“We still have to pay most of our content costs in dollars and we have to try and manage the exchange rate as best we can,\u201d he said.<\/p>\n
Commenting on DStv Premium pricing, Camerer said they considered input costs into the business and the content they need to source to satisfy the costs for their premium customers.<\/p>\n
\u201cIn light of a torrid year, to have kept it on average well below CPI for the coming year is an achievement,\u201d he said.<\/p>\n
“We have worked hard to provide a lot of incremental value to our premium customers. We’ve worked hard to add lots more value and managed to keep prices well below CPI.”<\/p>\n
The price increases come shortly after MultiChoice said providers like Netflix, YouTube, Disney+, HBO Now, and Peacock pose an existential competitive threat to its DStv offering.<\/p>\n
These streaming services provide a more affordable offering to consumers and have already had an impact on MultiChoice\u2019s DStv Premium numbers.<\/p>\n
MultiChoice highlighted that it has seen a sharp decline in premium subscriptions, which shows the impact of streaming services on its business.<\/p>\n
DStv Premium pricing will increase from R819 per month to R829 per month, while the Access Fee will increase to R105 per month.<\/p>\n
DStv users must pay the R105 Access Fee when they link decoders in XtraView or use a PVR.<\/p>\n
DStv Compact Plus, Compact, Family, and Access users will also pay more from 1 April.<\/p>\n
The price to rent a BoxOffice movie will increase to R40, up from the previous R35.<\/p>\n
The table below provides an overview of the new DStv prices which kick in on 1 April 2021.<\/p>\n