Naspers create VOD unit as online streaming battle intensifies

Global internet and media group, Naspers has created a new OTT video unit in order to counter competition from global VOD players such as Netflix, Amazon Prime Video, etc. To counter this stiff competition, Naspers has partnered its VOD business Showmax Africa and Internet TV service Dstv Digital Media to form a VOD unit called Connected Video in the second quarter.

Imtiaz Patel, CEO Naspers’ Video Entertainment business, quoted, “The firm has made a healthy start in its OTT business through Showmax and DStv Now services, which allow users to view sports and movies on their mobile handsets. It’s now time to consolidate those learnings in a single unit to build the best possible services for our customers.”