Canal+ shares plunged 23.5% after MultiChoice subscriber losses and a grim revenue outlook rattled investors.
Browsing: ShowMax
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.
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.
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.
As television turns 50 in South Africa, streaming, smartphones and social media are redefining how content is created and consumed.
What does the deal between Netflix and Warner Bros Discovery mean for MultiChoice and its new owner, Canal+?
Groupe Canal+ aims to use group synergies to deal with the ongoing subscriber losses afflicting MultiChoice.