MultiChoice is bracing for a major organizational shake-up following its acquisition by French media giant Groupe Canal+. While a three-year retrenchment moratorium imposed by South African competition authorities temporarily protects local workers, industry experts warn it may merely delay deeper job cuts rather than prevent them entirely. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday:…
French media and entertainment group Canal+ has formally confirmed it will conduct a secondary listing on the main board of the JSE on Wednesday, 3 June 2026, becoming the first French company to list on the Johannesburg bourse. The pre-listing announcement, published on Tuesday, sets out the terms of the fast-track secondary inward listing of…
Canal+, the global media and entertainment group that took control of MultiChoice last year, has confirmed it will conduct a secondary listing on the JSE on 3 June, becoming the first French company to do so. The inward listing remains subject to final approval from the bourse, which the company said is “expected to be…
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Canal+ is moving to AI to cut production costs. (Graphic by Nicola Mawson, with images from Freepik & Pexels) MultiChoice owner Canal+ is deploying artificial intelligence (AI) through partnerships with Google Cloud and OpenAI, to cut production costs and make the impossible possible on screen. During the company’s recent results presentation, Maxim Saada, CEO of…
Canal+ CEO Maxime Saada has confirmed that the company will launch its flagship over-the-top (OTT) platform, the Canal+ app, in South Africa to replace Showmax. The decision follows a formal announcement by MultiChoice on March 5, 2026, to shut down the homegrown streamer after years of accelerating financial losses. Read: Oppo teases ‘zero-feel crease’ for…
MultiChoice Group parent, London-listed Canal+, has highlighted the cost of entering the DStv ecosystem as a big factor slowing subscriber growth of its main satellite offering. In an investor presentation following the release of Groupe Canal+’s results for the year ended 31 December 2025 on Wednesday, Canal+ Africa CEO David Mignot said the cost of…
The decision by MultiChoice Group parent company Canal+ to pull the plug on failed streaming service Showmax is expected to help boost cost savings to €250-million in 2026, up from the €150-million Canal+ had guided in January. This is according to Canal+’s results for the year ended 31 December 2025, released on Wednesday. In the…
Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, resulted in its shares cratering 23.5% in their worst one-day performance since listing in London 15 months ago. Canal+ acquired MultiChoice in 2025 in a move designed to further its ambition to become…
Sarah Meyssonnier/Reuters French media group Canal+’s warning on Wednesday that subsidiary MultiChoice Group had lost subscribers and would see further revenue erosion, left its shares on track for their worst one-day performance in history. Its shares were down more than 20% at 2.54pm SAST (12.54pm GMT), their worst day since listing in London 15 month…
