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NetHold is a Pay TV company based in the Netherlands. As of 1997, the company merged with CANAL+ and is directed by Johann Rupert, chairman of Richemont. [1]
Foundation
In 1985, Koos Bekker led the founding committee behind M-Net, a Television platform operator in South Africa. [2]
In 1990, M-net was introduced to Johannesburg Stock market. In 1991, the company changed its name to MIH Ltd and was incorporated in the British Virgin Islands. [3]
In 1995, MIH and Richemont joined their assets to form NetHold. Koos Bekker was appointed NetHold’s first general director. [4]
By march 1996, the company amassed $950 million revenue. [5]
Partnerships
NetHold owns 45% of Telepiu and 6.5% of Mediaset in Italy. [6]
The company was on the verge of signing a deal with DirecTV but the partnership was dismissed. [7]
Merging with CANAL+
In 1997, NetHold merged with CANAL+ a French-based Pay TV operator. By that time, NetHold’s value reached $1.8 billion. [3]
Richemont and MIH kept NetHold’s pay-television businesses in Africa, Greece, Cyprus and the Middle east then sold them to CANAL+ in exchange for 20% shares in all of its operations. [8] [9]
The union of NetHold and CANAL+ garnered 8.5 million subscribers. [10] The group is present in France, Spain, Italy and Germany with a large audience in Scandinavian countries. [11] The Board of directors of the merging venture includes representatives of CANAL+’s major shareholder Havas, Compagnie des eaux and NetHold’s shareholders Richemont and MIH. [12]
Directors
- Koos Bekker (former NetHold CEO, former General director of Naspers) [13]
- Johann Rupert (Richemont chairman [14] and NetHold CEO) [15]
References
- ^ Hart, Jeffrey A. (5 February 2004). Technology, Television, and Competition: The Politics of Digital TV. Cambridge University Press. ISBN 9781139442244.
- ^ "KOOS BEKKER - South African Entrepreneurs Business Magazine". SA Entrepreneurs Magazine. Retrieved 29 August 2017.
- ^ a b "MIH Limited - Company Profile, Information, Business Description, History, Background Information on MIH Limited". www.referenceforbusiness.com. Retrieved 29 August 2017.
- ^ "MIH Limited -- Company History". www.company-histories.com. Retrieved 29 August 2017.
- ^ GILLIES, MIDGE (3 September 1996). "Netherlands' NetHold Emerging as Global Player in Pay TV". Los Angeles Times. ISSN 0458-3035. Retrieved 29 August 2017.
- ^ "Three's company". Euromoney. March 1997. Retrieved 29 August 2017.
- ^ "Euro giants start digital dogfight". Marketing Week. 20 September 1996. Retrieved 29 August 2017.
- ^ "Compagnie Financière Richemont SA - Home". www.richemont.com. Retrieved 29 August 2017.
- ^ Williams, Michael (20 December 1996). "Canal Plus, NetHold link creates Euro pay TV giant". Variety. Retrieved 29 August 2017.
- ^ "Canal Plus Is in a Deal For Nethold (Published 1996)". Bloomberg News. 7 September 1996. ISSN 0362-4331. Retrieved 9 August 2023 – via The New York Times.
- ^ GILLIES, MIDGE (7 September 1996). "Canal Plus to Buy NetHold in Deal Worth $1.6 Billion". Los Angeles Times. ISSN 0458-3035. Retrieved 29 August 2017.
- ^ "Compagnie Financière Richemont SA - Nethold to merge with CANAL+ to create the leading European pay-TV and Digital Television group". www.richemont.com. Retrieved 29 August 2017.
- ^ "Outdated governance norms prevail at tech-savvy Naspers". Retrieved 9 August 2023 – via PressReader.
- ^ "Johann Rupert | Who's Who SA". whoswho.co.za. Retrieved 29 August 2017.
- ^ Group, Euromedia Research (24 September 1998). Media Policy: Convergence, Concentration & Commerce. SAGE. ISBN 9781446265246.