MultiChoice readjusts subscription prices for DStv, GOtv after court order

MultiChoice, owners of DStv and GOtv, may have reverted to the old subscription prices following a court order mandating that the pay television company halt its move to hike prices.

Legit.ng checks on the firm's apps on Sunday, June 16, 2024, showed that the company had reverted to the old prices. This came after subscribers paid the new rates for May 2024 following the hike.

The company, which vowed to challenge the order of the Competition Consumer Tribunal (CCT), reported a decline in its subscriber base in Nigeria, where it lost over a million subscribers.

Old GOtv prices vs new

GOtv subscribers are now required to pay the old rates of N12,500 for the Super+ package from the N15,700 it increased to.

GOtv Super users have their prices reverted to N7,600 from N9,600, which increased before the court order.

Others include N5,700 for GOtv Max, N3,950 for GOtv Joli, and N2,700 for the lowest package, GOtv Jinja, which subscribers will now pay from the new N3,300 rate.

It is still being determined if the company is also offering a month-free subscription as ordered by the court.

MultiChoice has not officially confirmed the development, as the company's officials could not comment on the issue.

According to reports, the company hiked its subscription prices to align with market realities following high inflation in Nigeria and the naira devaluation.

MultiChoice laments N31.6 billion trapped in Heritage Bank

Legit.ng previously reported that the MultiChoice Group, owners of DSTV, said it had an account balance of N31.6 billion with the liquidated Heritage Bank.

The satellite television company disclosed in its annual report for the 2024 Financial Year that it had a deposit of N33.7 billion with the bank as of the 2024 fiscal year ending on March 31, 2024.

The company disclosed that the balance was subsequently reduced to N31.6 billion due to remittance before the Central Bank of Nigeria revoked the bank's license on June 3, 2024.