Tag Archives: Netflix
Netflix: Latest News
Dana Sanchez, 11:07 am AFKI Original
South African media giant Naspers is launching its 18-month-old internet TV service ShowMax in Poland. It plans to provide hyper-local content and original productions rather than trying to compete with expensive shows designed to appeal to audiences worldwide. It’s competing with the much older, bigger, more established U.S. firm Netflix, which launched in 1998. Netflix is also commissioning original content, but it has an overseas problem, one commentator said. “It just doesn’t have the amount of local content that some of the (streaming and pay TV) competitors have.”
Peter Pedroncelli, 4:40 am AFKI Original
Showmax is South Africa’s answer to Netflix, the global subscription based video streaming service that provides users with a wide variety of viewing thanks to an online catalogue of movies, series and other entertainment options. We take a look at 8 things you may not know about Netflix in relation to Showmax.
Kevin Mwanza, 7:34 am
Naspers, Africa’s biggest company by market value, said on Friday that its satellite payTV service DSTV lost 288,000 subscribers in the last one year as more people were not able to afford the service, the company’s chief executive said. Bob Van Dijk told Mail & Guardian Africa the South African-based company decided to freeze its payTV prices as it expected the next few years to be difficult in Africa and was “on the lookout” for potential acquisition targets to grow its internet business internationally.
Kevin Mwanza, 5:45 am
Africa’s largest company Naspers has launched its internet-TV and video streaming service ShowMax in 36 African countries in a bid to counter Netflix entry into the continent. Naspers, which also owns the dominant satellite television service in sub-Saharan Africa, DStv, through its subsidiary MultiChoice Africa, launched ShowMax in South Africa in August 2015 – in anticipation of rumored Netflix’s global expansion into the continent.
Dana Sanchez, 6:44 pm
Although Opera Web Browser owns just 5.5%t of global market share, it’s the top browser in Africa and fifth most popular in the world behind Internet Explorer, Firefox, Chrome and Safari. Its acquisition is part of a bunch of deals being done by the Chinese buyers seeking to join forces in their home market. China is dominated by giant rivals such as Alibaba and Tencent. Opera will help the consortium expand into emerging markets in Africa.
Staff, 9:00 am
Just months after Netflix shot its first original film in Ghana, the U.S.-based company has returned to the African continent. But while Netflix content will now be available in all 54 African nations, the streaming giant enters a region where Internet penetration — at just under 20% — is the world’s lowest. The mobile phone boom has helped bring Web access to an estimated 300 million Africans and growing,
Kevin Mwanza, 4:35 am AFKI Original
Nigerian-based video-on-demand and internet TV startup, iROKO, announced on Monday that it had raised $19 million in content development and capital funding. This new funding pushed the amount raised by the fast growing African startup, since it was founded by serial tech-entrepreneur Jason Njoku in September 2010, to more than $40 million
Kevin Mwanza, 6:25 am
Nigerian-based video-on-demand and internet TV startup iROKOtv says it has raised $19 million in multiple deals from French media giant CANAL+, together with existing investor Kinnevik AB, for content development and capital funding. iROKO said it will use the money “to scale its operations and expand aggressively across the continent”.The fast growing Nigerian startup has raised $40 million in funding since it was founded in 2010.
Kevin Mwanza, 3:17 am
Netflix won’t be the first VOD company to launch in Africa. Several startups have sprung up in recent year to stream movies from a growing local film industry in countries like South Africa and Nigeria. From niche startups offering hyper-local content to deep-pocketed tech giants with pan-African aspirations, the continent’s VOD race is heating up as new players look to tap into a potential audience of 1 billion African consumers.
Dana Sanchez, 6:40 pm
While its expansion to Africa is a welcome development, the U.S. company could face challenges due to the high cost of Internet mobile data and lack of quality broadband. Africans are already fans of most Netflix content. Netflix could oust Naspers-owned digital satellite TV service, whose users complain about its fees. However, Netflix isn’t cheap either. Still, the U.S.-based company has 65 million streaming customers worldwide.
- Real Estate