Canal+ offers $2.9 billion for MultiChoice acquisition

Canal+ offers $2.9 billion for MultiChoice acquisition

French media company Canal+ has made an offer of $2.9 billion to fully acquire South African broadcasting company MultiChoice. According to the BBC, it is a more attractive price compared to the $1.7bn bid that it presented to MultiChoice in February. MultiChoice is Africa's largest provider of subscription TV services, which include DSTv and streaming service Showmax.

April 8, 2024 26

Science & Technology

Canal+ bid for Multichoice comes as Netflix cedes African lead to Multichoice-owned streamer Showmax

By Seth Onyango, via bird story agency A major shake-up in the African streaming market is looming as Multichoice faces a takeover bid from French media giant, Vivendi SE’s Canal+. A tie-up could deal another blow to Netflix which lost its continental lead last November, relinquishing 5% of its share to its top rival Showmax, while Amazon Prime gained ground. Omdia Research data shows that Netflix in 2023 […]

February 8, 2024 61

Business / Economics

Showmax steps up streaming battle with Premier League on mobile plan

By Conrad Onyango, bird story agency After taking over Africa’s market mantle from US streaming giant, Netflix, in 2023, South Africa’s Showmax is turning to smartphones to tap into a wider pool of football fanatics. The MultiChoice-owned streamer has introduced mobile-only subscriptions for Premier League content as part of a new package for its second iteration- Showmax 2.0, launching in mid-February. “Showmax Premier League is a game-changing product that […]

January 17, 2024 47