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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]
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]
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]
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]
Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing, and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange and the JSE.
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Johann Peter Rupert is a South African billionaire businessman, who is the eldest son of business tycoon Anton Rupert and his wife Huberte. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. Since April 2010, he has been the CEO of Compagnie Financiere Richemont. Rupert and family were ranked the richest in South Africa on the 2023 Forbes list, with an estimated net worth of US$10.7 billion.
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FilmNet was the name used for several premium television channels in Europe during the 1980s, 1990s and 2000s. It was launched on 9 March 1985, broadcasting with a focus on Scandinavia, the Netherlands and the northern part of Belgium (Flanders). Filmnet channels were later launched in Poland and Greece.
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Jacobus Petrus "Koos" Bekker is a South African billionaire businessman, and the chairman of media group Naspers. The company operates in 130 countries and is listed on the London Stock Exchange and Johannesburg Stock Exchange. It has the largest market capitalization of any media company outside the US, China and India. As of July 2023, his net worth was estimated at US$2.4 billion.
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.
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