Once positioned as Africa’s answer to Netflix, the homegrown streaming pioneer fades to black tonight.
Browsing: ShowMax
The global media group will become the first French company with a secondary listing on the Johannesburg bourse.
Many DStv subscribers never watch sport. The cross-subsidy funding SuperSport is getting harder to sustain.
With the Showmax shutdown set for 30 April, MultiChoice is offering a 67% discount on DStv Stream Compact.
Showmax Originals will migrate to a dedicated section on DStv Stream, but key international content is missing.
Showmax gives subscribers shutdown dates: no new sign-ups from 31 March, lights out 30 April.
The Competition Commission will investigate Canal+’s post-takeover decisions involving MultiChoice Group.
Canal+ shares plunged 23.5% after MultiChoice subscriber losses and a grim revenue outlook rattled investors.
Canal+ has called Showmax an “expensive failure” whose closure will help accelerate cost savings at MultiChoice.
Canal+ is investing €100-million to fix MultiChoice – but a continued subscriber exodus shows righting the ship won’t be easy.