Canal+ is investing €100-million to fix MultiChoice – but a continued subscriber exodus shows righting the ship won’t be easy.
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Canal+ is expected to lay out its strategy for MultiChoice and DStv when it reports results on Wednesday.
MultiChoice will discontinue Showmax, drawing a line under one of Africa’s most ambitious streaming experiments.
DStv subscribers will not face a price increase in April, marking a significant strategic shift under new owner Canal+.
MultiChoice Group CEO David Mignot has confirmed big decisions are coming soon regarding the loss-making Showmax.
Canal+ CEO Maxime Saada has acknowledged that Showmax has been a significant drag on MultiChoice’s financial performance.
Canal+ says its MultiChoice acquisition will unlock multibillion-rand cost synergies as it targets scale across Africa.
Amid stiff competition, DStv is cutting hardware costs and letting households split subscription payments.
Groupe Canal+ and Warner Bros Discovery have struck a last-minute agreement to keep channels like CNN on DStv.
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