No more N10k: Multichoice confirms new DStv GOtv monthly subscription prices for all packages

No more N10k: Multichoice confirms new DStv GOtv monthly subscription prices for all packages

  • Nigerians will be paying higher prices to watch their favourite shows during the holiday seasons on DSTV and GOTV
  • Multichoice has decided to increase prices for all their packages on DSTV and GOTV by 20%
  • The changes come as the company reports a massive $72m loss in its financial statement in the third quarter

Legit.ng journalist Dave Ibemere has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

Multichoice, the parent company of Digital Satellite Television (DSTV) and Go Television (GOTV), recently announced price review.

The reviewed price list showed a 20% hike in the company’s packages and kicked off on November 6, 2023.

DSTV GOTV prices
Nigerians to pay more Photo credit: Pius Utomi Ekpei
Source: Getty Images

Punch reports that the company said the price changes were due to the rise in the cost of business operations.

Read also

Nigeria takes position on list of African countries with highest debt to IMF

The source quoted said:

"Yes. We have increased our rates. We buy content in dollars but earn in naira. If we take off a channel or stop acquiring content that our customers are used to, we will be slammed.
“We buy diesel. We pay taxes. Even before this year, with the dollar and fuel subsidy removal. We pay billions in licensing fees. We operate several offices. We have to pay staff.”

Breakdown of price changes for DSTV and GOTV packages

DSTV packagesOld price(N)New price(N)
Premium 24,50029,500
Compact +16,60019,800
Compact10.50012.500
Confam6,2007,400
Yanga3,5004,200
Padi2,5002.950
HDPVR Access Service3,4004,000
Access Fees3,4004,000
XtraView3,4004,000

Here are GOTV price changes

GOTV packagesOld price(N)New price(N)
Supa+10,50012,500
Supa6,4007,600
Max4,8505,700
Jolli3,3003,950
Jinja2,2502,700
Smallie1,1001,300

Read also

Jubilation as UNILORIN slashes tuition fees for students, releases breakdown of new payments

MultiChoice, owner of DSTV, launches payment bank to challenge Flutterwave, Opay and others

In another report, Legit.ng revealed that MultiChoice Group, the South African media company known for owning DSTV and GOtv, is making a foray into banking service by launching a new payment infrastructure platform called Moment.

In collaboration with investors Rapyd and General Catalyst, MultiChoice aims to revolutionise the payments landscape in Africa by providing businesses with a more accessible, faster, and cost-effective payment infrastructure.

According to a statement by MultiChoice, Moment will consolidate the $3.5 billion in payments processed annually by the company.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.