, Feb. 2 -- Last year Africa's biggest pay TV platform entered a partnership with Comcast's NBCUniversal and Sky to revamp MultiChoice's existing Showmax streaming service, which is being built on NBCUniversal's Peacock streaming platform.

As part of the deal, MultiChoice sold a 30% stake in Showmax to NBCUniversal but did not reveal the initial sum it paid for the stake. MultiChoice retains the 70% shareholding in the streaming platform.

18 Jan 2024

MultiChoice said it and NBCUniversal are providing funding to Showmax during its investment phase in proportion to their respective shareholdings and that Showmax shareholders will share in profits on the same basis in future.

On 2 February (today), both parties will provide $30m in equit...