Canal+ CEO Maxime Saada said MultiChoice could not have delivered its half-year numbers without the World Cup.
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The Johannesburg listing comes barely six months after Canal+ delisted MultiChoice, the pay-TV group it now owns.
Once positioned as Africa’s answer to Netflix, the homegrown streaming pioneer fades to black tonight.
The global media group will become the first French company with a secondary listing on the Johannesburg bourse.
Six months on from the Canal+ takeover, the question is: what kind of company is MultiChoice now?
Showmax gives subscribers shutdown dates: no new sign-ups from 31 March, lights out 30 April.
Canal+ shares plunged 23.5% after MultiChoice subscriber losses and a grim revenue outlook rattled investors.
Canal+ is heading to the JSE by mid-2026 – and is betting big on Africa to drive future growth.
MultiChoice will discontinue Showmax, drawing a line under one of Africa’s most ambitious streaming experiments.
Canal+ CEO Maxime Saada has acknowledged that Showmax has been a significant drag on MultiChoice’s financial performance.