Groupe Canal+ CEO Maxime Saada on Thursday acknowledged that Showmax, the streaming platform owned by MultiChoice Group, has failed to achieve commercial success and has been a significant drag on the group’s financial performance. Speaking during an investor call following Canal+’s acquisition last year of control of MultiChoice, Saada said Showmax has “been losing a…
Canal+ and Warner Bros. Discovery have announced a major expansion of their long-standing strategic partnership, signing a new multi-year, multi-territory agreement that significantly strengthens their collaboration internationally. The expanded deal covers the distribution of HBO Max as well as the renewal of several Warner Bros. Discovery (WBD) thematic television channels across multiple markets in Africa…
MultiChoice Group’s deadlock with Warner Bros Discovery – and the real possibility that a dozen channels, many of them household names, will vanish from DStv’s line-up on 1 January – is more than another content dispute. It is a moment that exposes an uncomfortable truth about the company’s direction under its new French owners, Canal+:…
French pay-television giant and new MultiChoice Group owner, Groupe Canal+, plans to focus aggressively on subscriber growth to take advantage of what it has described as the “underpenetrated African pay-TV market”. The move, outlined in an investor presentation by Canal+ earlier this month, aims to offset MultiChoice’s sinking subscriber numbers, which declined by 1.2 million…
Nairobi — CANAL+ is proud to announce that its MultiChoice subsidiary, SuperSport, has secured broadcast rights for the TotalEnergies CAF Africa Cup of Nations Morocco 2025™ (TotalEnergies CAF AFCON 2025™) for English and Portuguese-speaking African countries. When the 35th edition of the tournament kicks off in Morocco on 21 December 2025, CANAL+ will become the…
French media giant Canal+ has successfully taken control of MultiChoice, clearing the necessary regulatory hurdles to complete a complex and long-anticipated acquisition. The company’s initial offer of R125 per share was accepted by over 90% of MultiChoice’s non-Canal+ shareholders, increasing its stake to 94.36%. Canal+ will now invoke a “squeeze out” provision under Section 124(1)…
Canal+ CEO Maxime Saada French media giant Groupe Canal+ has all but completed its takeover of MultiChoice, securing 94.39% of the South African pay-TV group’s issued shares following the close of its mandatory offer to shareholders. The result, announced to investors on Monday, clears the final hurdle for Canal+ to take full ownership of MultiChoice,…
Inside the MultiChoice City building in Randburg, Johannesburg. MultiChoice, which is being bought by Canal+ in a $3 billion deal, has received all the approvals it needs to restructure the company, ensuring the new entity has empowerment shareholders. The purchase amount currently equates to R52.2 billion, based on this morning’s exchange rate of R17.36. In…
MultiChoice Group has announced details for the first time about its plans to restructure the shareholding in its main South African operation to facilitate the JSE-listed broadcaster’s sale to France’s Groupe Canal+. The move comes 10 days after the two companies secured the green light from the Competition Tribunal for their transaction to proceed. The…
The Competition Tribunal has agreed to support the acquisition of MultiChoice Group by London-listed Groupe Canal+, removing a major hurdle to their deal being consummated. The tribunal approved the proposed transaction, subject to conditions agreed earlier this year by the merging parties. “As was previously disclosed, the agreed conditions include a robust package of guaranteed…
