eMedia has announced that it will launch \u201ca few\u201d more channels on its Openview platform in its 2022\/23 financial year.<\/p>\n
In its annual results for 1 April 2021 to 31 March 2022, the broadcaster also said it would introduce an upgraded \u201csmarter\u201d decoder with storage and Wi-Fi capabilities.<\/p>\n
Openview has already launched three channels in its new financial year: eXposed<\/a><\/strong> on 4 April 2022, ePlesier<\/a><\/strong> on 18 April 2022, and The Home Channel +<\/a><\/strong> on 16 May 2022.<\/p>\n Openview reported that its decoder activations increased every month from an average of 35,000 to 40,000 per month during the year under review.<\/p>\n By 31 March, it had activated 2,774,454 boxes.<\/p>\n Openview and eMedia\u2019s channels on DStv accounted for 21.9% of eMedia\u2019s advertising revenue, bringing in R468.1 million \u2014 up from R269.6 million in the previous year.<\/p>\n \u201cProfitability in this unit has been achieved for the first time with content costs for the fiscal being pegged at R446.3 million,\u201d eMedia reported.<\/p>\n eMedia reported an improvement in the ratings of the six channels it produces for satellite TV.<\/p>\n eExtra, eMovies Extra, and eReality rank in the top 15 of all satellite channels available in South Africa, the company said.<\/p>\n \u201cThe distribution of the four Openview entertainment channels on Multichoice, which contributed to the group\u2019s audience and revenue share, is presently under investigation by the Competition Commission<\/a><\/strong>,\u201d eMedia said.<\/p>\n This is after DStv declined to renew its carriage agreement.<\/p>\n \u201cAt the time of this report, the channels remain on the Multichoice bouquet as a decision is yet to be received.\u201d<\/p>\n Overall, eMedia said it experienced a resounding rebound in its financial performance, reporting R426.4 million profit compared to R138.5 million last year.<\/p>\n \u201cThe year\u2019s profit is also significantly better than the pre-Covid-19 year fiscal which ended in March 2020, which ended with an adjusted profit after adding back the goodwill impairment of R241.6 million.\u201d<\/p>\n eMedia said its R3.2 billion annual revenue is the highest it had ever achieved, underscored by an increase in television advertising revenue to R2.1 billion.<\/p>\n \u201cThe group benefitted from the resurgence of television advertising revenues as compared to the pandemic affected years which experienced a decline in advertising spend,\u201d eMedia stated.<\/p>\n \u201cThis benefit in advertising revenues can be attributed to an increase in the Group\u2019s prime time audience market share from 29.6% in March 2021 to 34.1% in March 2022 \u2014\u00a0an increase of 15.2%.\u201d<\/p>\n eMedia warned that E-tv could be affected by South Africa\u2019s imminent analogue switch-off.<\/p>\n \u201cBut the group is confident that the audience share will be carefully managed,\u201d eMedia said.<\/p>\n \u201cAt present, the group is awaiting a Constitutional Court decision on whether the switch-off would be delayed giving more time to assist ordinary South Africans to be well accommodated and not be left without TV.\u201d<\/p>\n eMedia also reported that its eVOD streaming service has seen encouraging uptake.<\/p>\n Daily minutes viewed are more than 1,000,000.<\/p>\n \u201cThe eOriginals offering on eVOD is the leading audience generator on eVOD, making the group bullish about investing a further R100 million in local original content, which will be amortised across the group\u2019s platforms and channels.\u201d<\/p>\n MyBroadband contacted Openview for more details about its planned new channels, but it did not respond by the time of publication.<\/p>\n eMedia has announced that it will launch an upgraded decoder and new channels on Openview.<\/p>\n","protected":false},"author":23,"featured_media":446108,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[2092,51025,35,50823],"class_list":["post-446106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-e-tv","tag-emedia","tag-headline","tag-openview"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/446106"}],"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=446106"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/446106\/revisions"}],"predecessor-version":[{"id":446112,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/446106\/revisions\/446112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/446108"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=446106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=446106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=446106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNow read: DStv only has space for 11 more channels \u2014 if it cuts four from E-tv<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"