MultiChoice ups TV, film production
Showmax and DStv owner MultiChoice is planning to produce 52 local movies and 29 dramas in the next year.
The news was announced alongside the publishing of the South Africa-based pay TV firm’s latest financial results, which revealed it had made a profit of seven billion South African rand from revenue of 50.1 billion rand.
The company has pledged to increase its spend on local general entertainment by 40% in 2022 compared to this year’s outlay.
MultiChoice CEO Calvo Mawela said: “Our growth is exceptionally pleasing, especially in the current economic climate, and a clear indication that our strategy is working.”
In an effort to differentiate itself from Netflix, the company is also planning to offer more sports content on Showmax.
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