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MultiChoice Nigeria Loses 243,000 DStv, Gotv, Subscribers In Six Months Over Increase In Price

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The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year.

The company revealed these figures in its Interim Financial Results for the period ending 30 September 2024, which were released on Tuesday.

MultiChoice attributed this decline to Nigeria’s high inflation rate, which exceeds 30%, driven by the rising costs of food, electricity, and fuel, causing many customers to disconnect.

In its financial report for March 2024, MultiChoice had earlier reported an 18% subscriber loss in Nigeria.

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The company further reported a 566,000-subscriber loss in the Rest of Africa operations over the past six months, with Zambia and Nigeria contributing the largest shares to this decline.

“With the Rest of Africa business having seen a decline of 803k subscribers in 2H FY24, this rate of decline slowed to 566k in 1H FY25,” stated MultiChoice.

The loss included 298,000 in Zambia and 243,000 in Nigeria, while other markets experienced a minor decline.

Extreme inflation and currency instability have negatively impacted the group’s profits, with MultiChoice Group CEO Calvo Mawela commenting, “We are making good progress in addressing the technical insolvency that resulted from non-cash accounting entries at the end of the last financial year.”

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Mawela noted that the group’s net equity position is expected to recover by November.
With regard to Zambia’s losses, the company attributed them to extensive power outages caused by drought, leaving some regions with up to 23 hours of daily outages.

The company also cited competition from streaming services and changes in viewer preferences as pressures on its traditional pay-TV model.

To adapt, MultiChoice invested an additional ZAR1.6 billion in its streaming service Showmax, which reported 50% year-over-year growth.
Mawela added, “Showmax strategically positions the business to actively participate in the streaming revolution as it gains momentum across Africa.”

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Entertainment

Davido Gives Reasons Why He Honoured Abducted Oyo Sch Victims at FIFA World Cup

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Davido has explained the reason behind his emotional tribute during his performance at the FIFA World Cup, saying he could not remain silent while children and teachers are still missing in Nigeria.

Speaking on the gesture, the Afrobeats star said many people avoid discussing the country’s security challenges because they want to protect Nigeria’s image, but insisted that there is no image to protect when innocent children are being abducted.

> “A lot of people don’t really want to talk about what is going on in our country. Simply because they want to protect the image. But there’s no image to protect if little kids are being kidnapped,” Davido said.

The singer noted that although he was honoured to perform at the World Cup, he believed it was important to use the global stage to draw attention to the plight of the abducted pupils and teachers from Oyo State.

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According to him, everyone has a unique way of making an impact, and his platform is music and live performances.

> “My power is in music and performances. These students and teachers have been missing and still haven’t been found. So yeah, I used my platform to project what’s really going on,” he added.

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Video of Family of Bouncer Reportedly Killed in Sam Larry Crash Sparks Emotional Reactions Online

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A video said to show the wife, mother and children of a bouncer who reportedly died in the road accident involving music promoter Sam Larry has surfaced on social media, drawing emotional reactions from Nigerians.

The footage, which has been widely circulated online, shows family members believed to be mourning the deceased, whose death has not yet been officially confirmed by relevant authorities.

The accident, which reportedly occurred on Saturday, has continued to generate widespread attention following reports that the bouncer, who was said to have been travelling with Sam Larry at the time of the crash, lost his life.

Although details surrounding the incident remain unclear, the emergence of the video has intensified conversations on social media, with many users expressing sympathy for the bereaved family and offering prayers for those affected.

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As of the time of filing this report, neither Sam Larry nor law enforcement authorities have publicly released a detailed statement confirming the identity of the deceased or providing a comprehensive account of the circumstances surrounding the crash.

Click the here to watch video.

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Toke Makinwa advocates dating within one’s income level

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Nollywood actress and media personality Toke Makinwa has shared her views on the role of financial compatibility in relationships and marriage.

Speaking on a recent episode of the MENtality podcast hosted by Ebuka Obi-Uchendu, Makinwa said she believes people should date within their income bracket, arguing that significant financial differences can create challenges in relationships.

She also claimed that many men pursue relationships with women whose lifestyles exceed their financial capacity, only to later complain that women are materialistic.

She said, “I am a big believer of date within your age and within your class. That way there will not be stories that touch.

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“You will have a good girl at home, a girl who will even make dinner with her own money when you don’t have. Yet, some men will still want to cheat on her with a woman they can’t afford.

“Heaven forbid you end up with a guy who hasn’t blown. The day he blows that is when you will know his true personality.

“And that scares women. Money doesn’t change people, it just reveal who the person is. So many men are treating women who sacrificed everything for them badly.”

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