{"id":555252,"date":"2024-08-14T09:41:30","date_gmt":"2024-08-14T07:41:30","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=555252"},"modified":"2024-08-14T09:54:22","modified_gmt":"2024-08-14T07:54:22","slug":"showmax-slashes-prices-with-capitec-deal","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/broadcasting\/555252-showmax-slashes-prices-with-capitec-deal.html","title":{"rendered":"Showmax slashes prices with Capitec deal"},"content":{"rendered":"\n<p>MultiChoice has announced a partnership with Capitec that is launching with 50% discounts on Showmax subscription vouchers.<\/p>\n\n\n\n<p>Capitec will sell vouchers in its banking app for Showmax&#8217;s three individual subscription plans: Showmax Entertainment, Showmax Entertainment Mobile, and Showmax Premier League.<\/p>\n\n\n\n<p>Showmax usually charges R99 per month for its Entertainment all devices package. It is R49 through the Capitec app.<\/p>\n\n\n\n<p>Similarly, Showmax Entertainment Mobile is R22 per month, and Showmax Premier League is R34 per month through the Capitec app. These usually sell for R45 and R69, respectively.<\/p>\n\n\n\n<p>&#8220;We want to make entertainment available anywhere and anytime at very affordable rates. We&#8217;ve partnered with Showmax to disrupt the entertainment landscape and create value to our clients,&#8221; said Capitec group executive for strategic initiatives Henk Lourens.<\/p>\n\n\n\n<p>Lourens promised that this Showmax deal was just the beginning of its plans.<\/p>\n\n\n\n<p>Showmax confirmed that vouchers bought through the Capitec app are redeemable by anyone.<\/p>\n\n\n\n<p>Therefore, Capitec customers can buy discounted Showmax vouchers for friends, family, and anyone else if they so wished.<\/p>\n\n\n\n<p>The companies did not say how long the discounted pricing would remain available.<\/p>\n\n\n\n<p>Showmax recently <a href=\"https:\/\/mybroadband.co.za\/news\/broadcasting\/542697-showmax-price-increase.html\">increased the pricing across its Entertainment plans<\/a>. Its all-device Entertainment plan went from R89 to R99 per month, and its mobile plan went from R39 to R45.<\/p>\n\n\n\n<p>Showmax Premier League remained R69 per month.<\/p>\n\n\n\n<p>The company said it was ending the promotional it introduced after relaunching its platform in February.<\/p>\n\n\n\n<p>MultiChoice has said that it aims to achieve trading profit break-even for Showmax in its 2027 financial year.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\" class=\"has-fixed-layout\"><thead><tr><th>Showmax package<\/th><th>Standard price<\/th><th>Capitec app price<\/th><\/tr><\/thead><tbody><tr><td>Showmax Entertainment<\/td><td>R99<\/td><td>R45<\/td><\/tr><tr><td>Showmax Entertainment Mobile<\/td><td>R45<\/td><td>R22<\/td><\/tr><tr><td>Showmax Premier League<\/td><td>R69<\/td><td>R34<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p>The pay-TV operator is also targeting revenue of $1 billion (R18 billion) for Showmax by its 2028 financial year-end.<\/p>\n\n\n\n<p>To generate this revenue, Showmax will need to have around 16 million active subscribers who pay an average of R99 per month.<\/p>\n\n\n\n<p>This is no mean feat. Digital TV Research predicted that the total number of video streaming subscribers in Africa will only be 15.6 million users by 2028.<\/p>\n\n\n\n<p>MultiChoice disagrees with this forecast. It said it expects video streaming uptake to undergo exponential growth in Africa.<\/p>\n\n\n\n<p>MultiChoice is so bullish that it is aiming to increase its total subscriber base, including Showmax and DStv subscribers, to 50 million users in 2028.<\/p>\n\n\n\n<p>For Showmax alone, the company has indicated that it aims to have 25 million subscribers on the platform by 2028.<\/p>\n\n\n\n<p>Based on this forecast, Showmax would need to grow its subscriber base by around 100% a year until 2028.<\/p>\n\n\n\n<p>To achieve its targets, Showmax is focusing on acquiring and producing local content in the regions it operates.<\/p>\n\n\n\n<p>During the past year, it ramped up its local content alongside M-Net, Mzansi Magic, Africa Magic, and Maisha Magic.<\/p>\n\n\n\n<p>The streaming service released 59 original movies and TV series in South Africa, Nigeria, Kenya and Ghana.<\/p>\n\n\n\n<p>Popular shows that drove viewership included Tracking Thabo Bester, Koek, The Mommy Club, Youngins, Red Ink, Adulting, Outlaws, and its Real Housewives shows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Showmax has announced a partnership with Capitec.<\/p>\n","protected":false},"author":15,"featured_media":555253,"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":[5334,96422,85277,475,32140],"class_list":["post-555252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadcasting","tag-capitec","tag-henk-lourens","tag-marc-jury","tag-multichoice","tag-showmax"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/555252"}],"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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=555252"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/555252\/revisions"}],"predecessor-version":[{"id":555263,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/555252\/revisions\/555263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/555253"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=555252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=555252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=555252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}