MULTICHOICE DELIVERS STEADY MARGINS DESPITE CONTENT COST NORMALISATION
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Thursday, June 9, 2022
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Johannesburg, June 09, 2022 (GLOBE NEWSWIRE) -- Johannesburg South Africa, 9 June 2022: MultiChoice Group (MCG, or the group), Africas leading entertainment company, delivered steady margins for the year ended 31 March 2022 (FY22).
Key Points:
- Johannesburg, June 09, 2022 (GLOBE NEWSWIRE) -- Johannesburg South Africa, 9 June 2022: MultiChoice Group (MCG, or the group), Africas leading entertainment company, delivered steady margins for the year ended 31 March 2022 (FY22).
- Local content accounted for 47% of total general entertainment content spend and the group remains on track to achieve a target of 50% by 2024.
- In addition, local content was stronger than ever with titles like DevilsDorp, the Real Housewives franchise and The Wife.
- MCG aims to secure content rights in a manner that is cost-effective and reflective of the diversity of its audiences.