Multichoice Nigeria, the operator of DStv and GOtv, has announced yet another price increase for its packages. The new prices, which went into effect on November 6, 2023, mark the second upward review this year, with a minimum hike of 19% across all bouquets.
In a statement to its subscribers, Multichoice cited various factors for the price increase, including rising costs in content acquisition, infrastructure maintenance, and operating expenses. The company also acknowledged the current economic challenges in Nigeria, such as high inflation and a weak Naira.
Below are the new prices for DStv packages:
- Premium: N29,500 (+20%)
- Compact+: N19,800 (+19%)
- Compact: N12,500 (+19%)
- Confam: N7,400 (+19%)
- Yanga: N4,200 (+20%)
For GOtv packages, the new prices are as follows:
- Supa Plus: N12,500 (+19%)
- Supa: N7,600 (+19%)
- Max: N5,700 (+19%)
- Jolli: N3,950 (+19%)
- Jinja: N2,700 (+20%)
This price hike comes shortly after Multichoice reported a $72 million deficit in its third-quarter financial report. The company’s decision to increase subscription prices reflects the financial challenges it faces.
Overall, this price adjustment demonstrates the ongoing impact of economic conditions on the broadcasting industry, highlighting the need for subscribers to consider their options in light of the changes.
