Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Broadcasting

Breaking…..CANAL+, MultiChoice Finalize and Agree to Buyout Offer

Published

on

Kindly share this post

CANAL+ has made a mandatory offer to acquire all the issued shares of the MultiChoice Group it doesn’t already own for $1.9 billion.

Breaking.....CANAL+, MultiChoice Finalize and Agree to Buyout Offer

CANAL+ was required to make the offer after acquiring 35 percent ownership of the company, now offering $6.70 per share, exceeding the regulatory minimum price of $5.63.

The two companies have entered an agreement for the mandatory offer, and MultiChoice shareholders will gain significant value for their shares, constituting a 66.66 percent premium to the closing price of $$4.02 on February 1, the last trading day prior to the delivery of CANAL+’s non-binding indicative offer.

The offer is conditional on customary regulatory conditions and will comply with all other relevant regulatory requirements.

CANAL+’s ambition is to build a global entertainment leader with Africa at its heart that will support the commercial development of Africa’s sporting and cultural industries and bring authentic African stories to global audiences.

“Following constructive engagement with MultiChoice, we are pleased to have issued a joint firm intention announcement to make an offer today, representing a significant premium for the shareholders of MultiChoice,” said Maxime Saada, chairman and CEO of CANAL+ Group.

“CANAL+ is confident in making this offer—at a level which far exceeds the minimum required by regulation—due to the incredible future we believe that CANAL+ and MultiChoice can build together.

“Through combining our companies, we will be well positioned to invest even more in local productions and sports content, supporting the world-leading and vibrant creative ecosystem on the African continent and all over the world, and producing even more high-quality and compelling local stories. The complementary geographies, considerable scale and strengthened capabilities achieved by the combination of these two great companies will ensure that Africa can tell her own stories on her own terms both locally and globally.

“We are excited about these opportunities, which will be supported by further investment in technology, including the continued offering of a leading satellite service and rolling out more innovative streaming products.”


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Broadcasting

Burna Boy, Other Nigerian Artists Pocket $38m from Spotify in 2024

Published

on

Kindly share this post

Spotify, the Swedish audio streaming and media service provider, paid over $38 million in royalties last year to Nigerian artists who are riding on the wave growing interest in music from Nigeria and African continent.

Burna Boy, Other Nigerian Artists Pocket $38m from Spotify in 2024

Elsewhere, South African performers reached $21 million, up 54 per cent year- on-year.

In total the two biggest African markets got around $59 million last year.

Meanwhile, the Swedish company paid out some $10 billion in royalties worldwide in 2024.

And while Africa represents only a small part of its offering, interest in African artists has ballooned, buoyed in part by internationally recognised acts like South African singer Tyla and Nigeria’s Burna Boy.

Around 250 million user-created playlists now feature at least one Nigerian artist, and 220 million contain a South African, the company said on Thursday.

“What we’re seeing is an excellent evolution around more and more mid-tier or up-and-coming artists making a living,” said Jocelyne Muhutu-Remy, Spotify’s managing director for Sub-Saharan Africa.

Much of that came from outside their home markets.

Nigerian artists have seen a 49% increase in export growth over the past three years, while South Africa saw export growth of 104%.

The number of Nigerian artists earning 10 million Naira, meanwhile, doubled year-on-year and has tripled since 2022.

In South Africa, the number of those earning between 100,000 and 500,000 rand has doubled over the past three years.


Kindly share this post
Continue Reading

Broadcasting

Glo-sponsored African Voices Changemakers Celebrates Nathaniel Bassey, Mercy Chinwo

Published

on

Kindly share this post

CNN International’s magazine programme, African Voices Changemakers, sponsored by Globacom, will this week celebrate two of Africa’s biggest gospel music stars, Nathaniel Bassey and Mercy Chinwo.

The 30-minute programme will showcase the gospel stars who are expected to bring their unique gospel vibes to the show.

Nathaniel Bassey, a Nigerian singer, trumpeter, and gospel songwriter, has gained massive popularity with his songs like “Yahweh Sabaoth”, “Ebenezer”, and “Tobechukwu”.

Born on August 27, 1981, Bassey studied International Relations and Politics at the University of Lagos and later Music at Middlesex University Summer School in the UK., Bassey’s music has inspired countless fans around the world.

The second guest, Mercy Chinwo, is a Nigerian gospel singer, actress, and songwriter who began her music career at age six. She signed with EeZee Conceptz in 2017 and released her first single “Excess Love” in 2018.

Chinwo has won several awards, including the Gospel Artiste of the year at the AFRIMMA Awards in 2020. With her powerful voice and captivating stage presence, Chinwo has made a significant impact on the gospel music scene across the globe.

African Voices Changemakers will air on Saturday at 8:30 a.m., with repeats on the same day at noon, and on Sunday at 4:30 a.m. and 2 p.m. The show will also air on Monday at 4 a.m. The same broadcast schedule will be repeated next week.


Kindly share this post
Continue Reading

Broadcasting

Netflix Expands Language Options on TV to Capture Global Viewers

Published

on

Kindly share this post

Netflix has expanded its language options for television viewers, allowing users to select from the full list of available subtitles and dubbing languages for any title.

Netflix Expands Language Options on TV to Capture Global Viewers

This update aims to make Netflix’s global catalogue more accessible, especially as nearly a third of its viewership comes from non-English language shows. ​

Previously, TV users could only choose from a limited selection of languages based on their location and settings.

Now, they can access the complete range of available languages for any title, similar to the flexibility already offered on mobile devices and web browsers.

For instance, a user can watch an English title like “Bridgerton” with Spanish dubbing and Korean subtitles, or opt for Japanese dubbing with Portuguese subtitles. ​

Netflix offers subtitles in 33 languages and audio dubbing in 36 languages across its catalogue, though the exact number of available languages may vary by title. This change responds to numerous user requests for more language options on TV platforms. ​

This move reflects Netflix’s commitment to enhancing accessibility and catering to its diverse global audience by providing more inclusive viewing experiences.​


Kindly share this post
Continue Reading

Trending