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Partnership offers growth opportunity in Africa, building on MultiChoice's footprint across 50 markets, its excellent execution track record on the continent and the successful Showmax brand. MultiChoice (https://www.Multichoice.com) to relaunch Showmax, powered by NBCUniversal's Peacock technology platform, along with world-class content from NBCUniversal and Sky, offering audiences the best experience with local and global entertainment, as well as live matches of the English Premier League (EPL) football.
MultiChoice Group (MultiChoice) (JSE: MCG) and Comcast's (NASDAQ: CMCSA) NBCUniversal and Sky today announced a new partnership that will bring some of the world's best content and technology to streaming customers across MultiChoice's 50-market footprint in sub-Saharan Africa, at a time when Africa is approaching an inflection point in terms of broadband connectivity and affordability.The new Showmax group will be 70% owned by MultiChoice and 30% by NBCUniversal. (*See Note). It will build on Showmax's success to date and aim to create the leading streaming service in Africa.
Powered by Peacock's leading, globally-scaled technology, Showmax subscribers will have access to an extensive premium content portfolio, bringing African audiences the best of local and international programming. The service will combine MultiChoice's accelerating investment in local content with a unique pipeline of award-winning and critically acclaimed international content licensed from NBCUniversal and Sky, third party content from HBO, Warner Brothers International, Sony and others, as well as live English Premier League (EPL) football.The partnership will also provide access to all the best African content such as Showmax Originals and local content from MultiChoice's proprietary channels including Mzansi Magic, Africa Magic and Maisha Magic.
Using a significant portfolio of global media assets and Peacock's streaming platform, which finished 2022 with over 20 million paid subscribers in the US, NBCUniversal and Sky will provide ongoing support through the licensing of both technology and content.
"We launched Showmax as the first African streaming service in 2015 and are extremely proud of its success to date. This agreement represents a great opportunity for our Showmax team to scale even greater heights by working with a leading global player in Comcast and its subsidiaries," said Calvo Mawela, Chief Executive Officer of MultiChoice.
"The new business venture deepens an already strong relationship and builds on the Sky Glass technology partnership that we announced in September last year. We believe we are extremely well positioned to create a winning platform going forward."
Dana Strong, Group Chief Executive Officer, Sky, commented, "Thisnew collaboration in streamingand contentwith MultiChoice, NBCUniversal,and Sky takesour partnership to the next levelin one of the world's most vibrant, fastest growing markets.Last year,we announced MultiChoice as a customer of the Sky Glass platform and now we are excited to help innovate itsShowmaxstreaming service."
Matt Strauss, Chairman, Direct-to-Consumer & International, NBCUniversal, added, "This partnership is an incredible opportunity to further scale the global presence of Peacock's world-class streaming technology, as well as to introduce millions of new customers to extensive premium content from NBCUniversal and Sky's stellar entertainment brands."
Further details about the new Showmax service, including launch date, content and pricing will be announced at a later date.
[*NB: In Nigeria, NBCUniversal will hold an indirect 23.7% stake in the local subsidiary]
Contact details:
MultiChoice Group
Corporate affairs
Collen Dlamini
collen.dlamini@MultiChoice.co.za
Investor relations
Meloy Horn
meloy.horn@MultiChoice.com or investorrelations@MultiChoice.com
Comcast
John Demming
john_demming@comcast.com
NBCUniversal
Denise Bassett
denise.bassett@nbcuni.com
Sky
Jack Bates: jack.bates@sky.uk
About MultiChoice Group:
MultiChoice Group (MCG), listed on the Johannesburg Stock Exchange (JSE), is a leading provider of entertainment and related consumer services, with an expandingecosystem,underpinned by scalable technologies, and a track record now spanning almost 40 years.MCG provides video entertainment products and services through its linear and streaming platforms to 22.1m households across 50 countries on the African continent and continues to grow by producing and acquiring the best local, sport and international content and offering tiered subscription packages and aggregated streaming services to its customer base.MCG'ssuperior technology capabilities enables it to continue innovating around distribution, digital and payment solutions and content security to offer the best customer experience across the continent.Reaching up to 100 million individuals on a daily basis, the MultiChoice Group is using its scale and distribution to expand its platform to include sports betting and interactive entertainment, fin-tech services, household services (focused on internet connectivity and emergency response services) and ed-tech.Irdeto, MCG's technology business, provides platform cybersecurity services which protect over 6bn devices and applications globally for some of the world's best media and technology brands, as well as clients in the connected industries sector.
About Comcast Corporation:
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visitwww.ComcastCorporation.comfor more information.
About NBCUniversal:
NBCUniversal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks, and a premium ad-supported streaming service. NBCUniversal is a subsidiary of Comcast Corporation.
About Sky:
Sky is one of Europe's leading media and entertainment companies and is part of Comcast Corporation, a global media and technology company that connects people to moments and experiences that matter. At Sky we Believe in Better. It's in our DNA.
We're famous for innovation. We offer streaming services NOW and WOW; the world's smartest TV, Sky Glass; Sky Stream, the new, easy way to get the Sky Glass experience on any TV; and the best aggregation platform, Sky Q. We provide connectivity you can count on in mobile, and fast, secure, reliable residential and business broadband.
We're Europe's premium content producer. We create award-winning original content, produce the biggest live sporting events, and we provide free access to news and the arts.
We believe that we can have a positive impact on society, by supporting and creating tens of thousands of jobs, addressing digital inequality, being a diverse and inclusive employer, and becoming net zero carbon by 2030.