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MultiChoice Nigeria Loses 243,000 DStv, Gotv, Subscribers In Six Months Over Inflation, Price Hikes

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The South African pay-TV operator MultiChoice Group disclosed that its Nigerian unit, MultiChoice Nigeria, lost 243,000 subscribers on its Digital Satellite Television (DStv) and General Entertainment on Television (GOtv) services from April to September this year.

The company revealed these figures in its Interim Financial Results for the period ending 30 September 2024, which were released on Tuesday.

MultiChoice attributed this decline to Nigeria’s high inflation rate, which exceeds 30%, driven by the rising costs of food, electricity, and fuel, causing many customers to disconnect.

In its financial report for March 2024, MultiChoice had earlier reported an 18% subscriber loss in Nigeria.

The company further reported a 566,000-subscriber loss in the Rest of Africa operations over the past six months, with Zambia and Nigeria contributing the largest shares to this decline.

“With the Rest of Africa business having seen a decline of 803k subscribers in 2H FY24, this rate of decline slowed to 566k in 1H FY25,” stated MultiChoice.

The loss included 298,000 in Zambia and 243,000 in Nigeria, while other markets experienced a minor decline.

Extreme inflation and currency instability have negatively impacted the group’s profits, with MultiChoice Group CEO Calvo Mawela commenting, “We are making good progress in addressing the technical insolvency that resulted from non-cash accounting entries at the end of the last financial year.”

Mawela noted that the group’s net equity position is expected to recover by November.

With regard to Zambia’s losses, the company attributed them to extensive power outages caused by drought, leaving some regions with up to 23 hours of daily outages.

The company also cited competition from streaming services and changes in viewer preferences as pressures on its traditional pay-TV model.

To adapt, MultiChoice invested an additional ZAR1.6 billion in its streaming service Showmax, which reported 50% year-over-year growth.

Mawela added, “Showmax strategically positions the business to actively participate in the streaming revolution as it gains momentum across Africa.”

 

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Fuji Icon Remi Aluko Set to Thrill Fans at Ojez Railway Recreation Center Ebute Metta on Friday

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Fuji music legend Remi Aluko is set to bring the house down at the highly anticipated Toitoi Concert this Friday, December 20, at the Ojez Railway Recreation Center, Ebute Metta. Returning to the heart of Lagos, where his storied career began over two decades ago, Aluko is ready to deliver an electrifying night of rhythm, energy, and nostalgia.

 

Known for his mastery of blending traditional Yoruba melodies with modern Fuji vibes, Aluko has built a reputation for high-octane performances and a soulful connection with his audience. At the Toitoi Concert, fans can expect a lineup of his classic hits alongside fresh, unreleased tracks that showcase his continued evolution as a Fuji icon.

 

Speaking at a media briefing, Aluko shared his excitement:

“This concert is personal for me. Ebute Metta holds so many memories, and I can’t wait to give my fans a night they’ll never forget. Come early for some surprises—it’s my way of showing appreciation for the love and support over the years.”

 

Chief Joseph Odobeatu, Chairman of Ojez Entertainment Group, echoed Aluko’s enthusiasm, highlighting the venue’s significance as a cultural hub:

“The Ojez Railway Recreation Center is more than just a venue—it’s a place of history and celebration. We’re thrilled to host this landmark event and are committed to providing a secure and festive atmosphere for all music lovers.”

 

The Toitoi Concert promises to be more than just a musical event—it’s a celebration of Fuji culture, bringing together fans from all walks of life. Whether you’re a long-time follower of Aluko’s career or a newcomer to Fuji music, this concert offers an immersive experience into the rich heritage and modern vibrancy of the genre.

 

Don’t miss this once-in-a-lifetime opportunity to groove with Remi Aluko in an unforgettable evening of music, dance, and celebration. Dust off your dancing shoes and get ready to make memories at the Toitoi Concert!

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Photos From The Star Studded Bodex Social Media Hangout 5.0

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COSON MEMBERS CELEBRATE BUMPER =N=465.5 MILLION ROYALTY DISTRIBUTION!

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It was singing, jubilation and merriment this Tuesday, December 10, as members of Nigeria’s No 1 copyright collective management organization, Copyright Society of Nigeria (COSON), approved a 2024 royalty distribution of a whopping =N=465.5 million for COSON members and associates. Following the approval, the distribution which is the highest in the history of the organization, began immediately as several COSON members started receiving bank alerts on their phones while still at COSON House.

They came from the East, the West, North and South of Nigeria: gaily dressed musicians who stormed Oluwaleimu Street, in the Allen Avenue Area of Ikeja where the magnificent COSON House stands sparkling in the sun, and in which COSON’s 2024 Annual General Meeting took place.

The AGM practically turned into a carnival as the former President of PMAN and Chairman of COSON, Chief Tony Okoroji, who presided at the General Meeting, delivered a moving address which he titled, “the COSON Spirit”.

 

The celebrated copyright warrior was praised repeatedly by joyous COSON members after delivering his speech in which he said, “We have deployed the law, like no other organization in the history of Nigeria, to form a bulwark against the people, in and out of government, who have tried everything to hijack and plunder COSON or if they fail, to kill COSON. You know the modus operandi of the vampires among our citizens: they grab every good thing in Nigeria for themselves, their friends and families with no thought for the millions of other people in our country. They are not satisfied with owning one house. In a nation where millions do not own even a hut, they grab what belongs to all of us and build 735 duplexes for themselves alone and want more as if they have a contract with the Almighty that they will never die.

“I wish to state that I have been to practically every court in the land, have mounted the witness box and testified, and have won victories on behalf of COSON that many had thought were impossible. We have retained the services of four first class senior advocates and several other senior lawyers.

“Without the decisions of those distinguished Judges of the Courts who remain committed to truth and justice, COSON, this great pan Nigerian organization that has become the nation’s most formidable agent of strength, unity, progress and growth for the creative industry, would have since been sucked dry and wiped away.“

With sadness in his voice, Chief Okoroji said, “Fellow members of COSON, let me state that I verily believe that in these hard times, we could have done more, much more for the musicians of Nigeria. It is a paradox that the institution established by the state to enable us to soar and achieve great results for our nation, conspired with carpetbaggers and fraudsters to become the greatest obstacle to our progress and success. But… we continue to fly, due to the unbreakable COSON Spirit”.

In his speech, the COSON Chairman thanked the Management led by General Manager, Mrs. Bernice Eriemeghe Ashibuogwu, for their contribution to the success of the society,

Identified at the AGM were such persons as the President of the Creative Industry Group, Amb. Felix Duke; President of the Music Producers and Marketers Association of Nigeria (MUPMAN), Eng Sharon Wilson; Afro Juju music super star, Sir Shina Peters; Reggae Music giant, Righteousman Erhabor; celebrated female singer, Stella Monye; Pop Music sensation, Alex O; Gospel Music Minister, Kenny Saint Brown; Showbiz Impresario, Koffi Da Guru, Popular entertainment die-hard, Steve Black and many more.

Also present were members of the COSON Board such as Abuja based, Chief Uche Emeka Paul, a workhorse of the Catholic Charismatic Music Ministry; Enugu based music toaster and publisher, Angus Power Nwangwu; Oge Kimono, first daughter of the unforgettable Rub-A-Dub Master, Ras Kimono who himself was a COSON die hard, before his death; renowned drummer, Richard Cole, famed producer Zdon Paporella and Gospel Music Minister, Evangelist Olusegun Omoyayi.

Hundreds of COSON members joined the jubilant AGM on-line via Zoom.

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