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…
Canal+ has announced a €100-million (R1.9-billion) “boost plan” to stabilise and restart subscriber growth at MultiChoice. This aggressive investment follows a difficult financial year for the South African-headquartered pay-TV giant, which has continued to lose both customers and revenue since being acquired by its new French parent. Read: Oppo teases ‘zero-feel crease’ for upcoming Find…
MultiChoice Group has officially announced the discontinuation of Showmax, signalling the end of one of Africa’s most ambitious and expensive digital experiments. The decision brings a definitive close to a platform that launched in 2015 and underwent a massive, high-stakes relaunch in 2024. Ultimately, Showmax failed to achieve commercial viability in a landscape defined by…
MultiChoice Group has announced it will discontinue Showmax, drawing a line under one of Africa’s most expensive and ambitious streaming experiments. The decision brings to an end a platform that was launched in 2015 and relaunched at enormous cost in 2024, and which ultimately failed to achieve commercial viability in a market defined by low…
MultiChoice Group said it will shut down its streaming platform Showmax after 11 years of operation as the company reviews its digital strategy. The decision was communicated to subscribers in an email on Thursday. The company said the move follows a review by the Showmax board. “Following a comprehensive review, the Showmax Board has taken…
MultiChoice Group CEO David Mignot. Image: (c) Aurelien Pierron For the first time in many years, DStv subscribers will not face a price increase in April – a significant strategic shift under new owner Groupe Canal+ as the pay-television operator battles to arrest years of punishing subscriber losses. In a wide-ranging interview with TechCentral on…
MultiChoice Group CEO David Mignot. Image: (c) Aurelien Pierron For the first time in many years, DStv subscribers will not face a price increase in April – a significant strategic shift under new owner Groupe Canal+ as the pay-television operator battles to arrest years of punishing subscriber losses. In a wide-ranging interview with TechCentral on…
Canal+ outlined the first benefits of its acquisition of MultiChoice, pointing to Africa as the main source of cost savings and growth. The deal was completed on Sept. 22, 2025. Speaking to investors on Jan. 29, Canal+ Chairman Maxime Saada said the group expects more than €400 million of EBITDA synergies and about €300 million…
Following its landmark acquisition of MultiChoice Group, French media giant Canal+ is exploring a major shift in how African viewers access content. The company is considering deploying its all-in-one streaming application to MultiChoice’s vast customer base in Southern and Eastern Africa, potentially bringing global partnerships with Apple TV+ and HBO Max under a single interface….
Canal+ expects to generate more than €400-million (R7.5-billion) in annual earnings “synergies” from its acquisition of MultiChoice Group, underlining the strategic importance of Africa to the French media group’s long-term growth ambitions. In a statement released on Thursday, Canal+ said the combined group is targeting run-rate cost synergies of more than €400-million at earnings before…
