NBCUniversal, is acquiring a 30% stake in Showmax, MultiChoice’s video platform.
March 3, 2023
American media giant, NBCUniversal, is acquiring a 30% stake in Showmax, MultiChoice’s video platform.
As part of the deal, MultiChoice announced the formation of Earth UK Holdings Limited (EarthCo) to act as Showmax’s parent company.
In exchange for a 70% stake in EarthCo, MultiChoice will continue to support Showmax with its local market knowledge, capacity for producing local content…