In a recent revelation, Multichoice, the giant South African digital satellite and pay-TV company, confirmed a new pricing structure for DStv and GOtv. As of now, there will be no more N24,500 subscription. While there are quite a few changes to unpack, we’ll guide you through what this new development means for subscribers like you.
Revising Subscription Plans
As a valued DStv or Gotv subscriber, it’s important for you to stay informed about changes that could impact your viewing pleasure. In line with this, MultiChoice, the company behind these iconic pay television platforms, has confirmed revisions to subscription prices. This is to reflect the current economic realities in the market such as inflation and increasing operational costs. Rest assured, the company continues to strive for balancing exceptional quality with affordability.
Prepare to adjust your entertainment budget – Multichoice, the parent company of DSTV and GOTV, just confirmed a subscription price increase across all packages.
With this review, subscribers will face a 20% hike, coincidentally following a reported $72m loss for the company in the third quarter.
Why the holiday pinch for Nigerian TV enthusiasts? Let’s break it down.
Renowned satellite TV providers, DSTV and GOTV, operate under the umbrella of Multichoice. The company recently announced an overhaul in subscription rates. Don’t fret, it’s not just you. This change affects all subscribers, across all packages.
Upon viewing the updated price list, you’ll notice a consistent 20% increase. Yes, a bit of a shock, but an unfortunate side effect of business in a challenging financial climate.
Speaking of financial climates, this decision comes on the heels of a heavy third-quarter loss for Multichoice. The company reported a whopping $72m deficit. It’s not hard to deduce that this increase, no matter how unpleasant for us consumers, may be an inevitable balancing act on Multichoice’s part.
So let’s hold tight, ride out this wave, and hope that our favorite shows are worth the extra Naira. After all, who can put a price on the joy, suspense, or relaxation our preferred programs provide?
Punch reports that the company said the price changes were due to the rise in the cost of business operations.
The source quoted said:
by increasing operational costs, MultiChoice has decided to revise its subscription prices, according to a report by Punch. The source quoted emphasized the impact of evolving business
“Yes. We have increased our rates. We buy content in dollars but earn in naira. If we take off a channel or stop acquiring content that our customers are used to, we will be slammed.
“We buy diesel. We pay taxes. Even before this year, with the dollar and fuel subsidy removal. We pay billions in licensing fees. We operate several offices. We have to pay staff.”
Breakdown of price changes for DSTV and GOTV packages
|HDPVR Access Service
Here are GOTV price changes
MultiChoice, owner of DSTV, launches payment bank to challenge Flutterwave, Opay and others
MultiChoice, supported by investors Rapyd and General Catalyst, is set to transform Africa’s payment system. Their plan is to offer businesses a payment infrastructure that’s not only more accessible but also quicker and more affordable.
In an announcement, MultiChoice conveyed that they plan to bring together the whopping $3.5 billion payments they process every year through their latest venture, Moment.