NetHold explained

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.

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

Notes and References

  1. Book: Hart, Jeffrey A.. Technology, Television, and Competition: The Politics of Digital TV. 2004-02-05. Cambridge University Press. 9781139442244. en.
  2. News: KOOS BEKKER - South African Entrepreneurs Business Magazine. SA Entrepreneurs Magazine. 2017-08-29. en-US.
  3. Web site: MIH Limited - Company Profile, Information, Business Description, History, Background Information on MIH Limited. www.referenceforbusiness.com. 2017-08-29.
  4. Web site: MIH Limited -- Company History. www.company-histories.com. 2017-08-29.
  5. News: Netherlands' NetHold Emerging as Global Player in Pay TV. GILLIES. MIDGE. 1996-09-03. Los Angeles Times. 2017-08-29. en-US. 0458-3035.
  6. Web site: Three's company. Euromoney. March 1997 . en. 2017-08-29.
  7. Web site: Euro giants start digital dogfight. 1996-09-20. Marketing Week. 2017-08-29.
  8. Web site: Compagnie Financière Richemont SA - Home. www.richemont.com. EN. 2017-08-29.
  9. News: Canal Plus, NetHold link creates Euro pay TV giant. Williams. Michael. 1996-12-20. Variety. 2017-08-29. en-US.
  10. News: 1996-09-07 . Canal Plus Is in a Deal For Nethold (Published 1996) . en . Bloomberg News . 2023-08-09 . 0362-4331 . The New York Times.
  11. News: Canal Plus to Buy NetHold in Deal Worth $1.6 Billion. GILLIES. MIDGE. 1996-09-07. Los Angeles Times. 2017-08-29. en-US. 0458-3035.
  12. Web site: Compagnie Financière Richemont SA - Nethold to merge with CANAL+ to create the leading European pay-TV and Digital Television group. www.richemont.com. EN. 2017-08-29.
  13. Web site: Outdated governance norms prevail at tech-savvy Naspers . 2023-08-09 . PressReader.
  14. Web site: Johann Rupert Who's Who SA. whoswho.co.za. en. 2017-08-29.
  15. Book: Group, Euromedia Research. Media Policy: Convergence, Concentration & Commerce. 1998-09-24. SAGE. 9781446265246. en.

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