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Streamers Battle: Showmax vs. Netflix vs. Amazon Prime in Africa

1 min Read September 8, 2023 at 1:27 PM UTC

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Highlights

  • The battle for streaming in Africa is turning into a three-horse race as key players ramp up investment in local content, tap top talent, and enhance viewer experiences.
  • Data from Digital TV Research puts Netflix in the lead with a projected 7.4 million subscribers. In second place is MultiChoice-owned Showmax with 4.4 million subscribers followed by Amazon Prime Video with 3.14 million viewers.
  • By 2029, Africa will add 10 million new subscribers, pushing video-on-demand subscriptions to 18 million. While Netflix is nearly doubling its subscriber base, Showmax is expected to more than triple.

Source: TechCabal


Our Takeaway

The three-way batter for African viewers comes as the continent approaches an inflection point in terms of broadband connectivity and affordability, which means more people are likely to be open to streaming entertainment content. The continent is increasingly becoming an important growth area for streaming services, which explains why tech giants like Amazon and Netflix as well as regional players like Multichoice are launching an offensive push to capture the region’s on-demand streaming subscribers.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

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