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DStv continues massive pay TV growth

2012-06-27 11:02
Cape Town – The pay TV platform MultiChoice has grown by 684 000 subscribers in the last year and the total number of MultiChoice subscribers now stands at 5.6 million households, according to Naspers' provisional financial report for the year ending March 2012.

Revenue of the pay TV business is up 15% to R24.1bn, while trading profits grew 11% to R6.3bn.

In South Africa the gross base added 492 000 subscribers to some four million households, of which 293 000 new DStv subscribers came from MultiChoice's lower priced DStv Compact bouquet.

Despite a disastrous launch, DStv BoxOffice has proved a major success for MultiChoice, with the pay TV platform citing an average monthly rental of a staggering 300 000 movies.

In the rest of Africa, MultiChoice grew its subscriber base by 192 000 DStv subscribers to 1.6 million homes in the past year.

Read more on:    dstv  |  naspers  |  multichoice  |  tv
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