Tag: Multichoice

MultiChoice, part of CANAL+, will be shutting down its Showmax service, as the “substantial annual losses experienced by the business have proved unsustainable.”

CANAL+ and MultiChoice have issued a “Combined Circular” to MultiChoice shareholders regarding the mandatory offer by CANAL+ to acquire the shares it does not own in the South African pay-TV operator for 125 rand per share, valuing the company at $2.9 billion.

Pan-African platform MultiChoice is set to roll out a Paramount+ branded destination following a licensing pact with Paramount Global Content Distribution.