Groupe Canal+ aims to use group synergies to deal with the ongoing subscriber losses afflicting MultiChoice.
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Canal+ has secured 94.4% of MultiChoice Group’s issued shares following the close of its mandatory offer to shareholders.
MultiChoice is at an inflection point, and the new board will be judged quickly on whether it can deliver a credible turnaround.
The pieces are finally moving into place for one of the most significant media deals in South African corporate history.
MultiChoice Group’s diversification strategy is paying off in light of the dismal performance of its core pay-TV business.
MultiChoice Group has lost 1.2 million linear broadcasting subscribers in the past year, a decline of about 8%.
MultiChoice Group expects a sharp decline in reported trading profit for the year ended 31 March 2025.
MTN Group and media firm Synamedia have partnered to develop a pan-African streaming platform.
A big dividend cut is coming as MultiChoice warns shareholders that it is struggling in a difficult economy.
The ability to stream concurrently to multiple devices is in high demand by consumers.