Multichoice, the parent company of Digital Satellite Television (DSTV) and Go Television (GOTV), has implemented a 20% price increase on all their packages, effective from November 6, 2023. This decision comes as the company reports a substantial $72 million loss in its financial statement for the third quarter.
The revised price list affects all DSTV and GOTV packages, impacting millions of subscribers who will now have to pay higher fees to enjoy their favorite shows, especially during the holiday season. The move has stirred concerns among Nigerians as they grapple with the economic challenges.
According to reports, Multichoice attributed the price hike to the escalating cost of business operations. The company cited factors such as purchasing content in dollars while earning revenue in naira, rising diesel costs, tax payments, and licensing fees amounting to billions. The decision to increase subscription fees was seen as a necessary measure to sustain the quality and diversity of content offered by DSTV and GOTV.
The revised price breakdown for DSTV packages is as follows:
- Premium: ₦24,500 to ₦29,500
- Compact +: ₦16,600 to ₦19,800
- Compact: ₦10,500 to ₦12,500
- Confam: ₦6,200 to ₦7,400
- Yanga: ₦3,500 to ₦4,200
- Padi: ₦2,500 to ₦2,950
- HDPVR Access Service: ₦3,400 to ₦4,000
- Access Fees: ₦3,400 to ₦4,000
- XtraView: ₦3,400 to ₦4,000
For GOTV, the revised prices are as follows:
- Supa+: ₦10,500 to ₦12,500
- Supa: ₦6,400 to ₦7,600
- Max: ₦4,850 to ₦5,700
- Jolli: ₦3,300 to ₦3,950
- Jinja: ₦2,250 to ₦2,700
- Smallie: ₦1,100 to ₦1,300
Multichoice acknowledges the impact of these changes on subscribers but emphasizes the necessity of maintaining quality services in the face of operational challenges. As subscribers grapple with the increased costs, the company hopes to continue delivering the best in entertainment while adapting to the evolving economic landscape.
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