Multichoice announce shut down of Showmax streaming platform
Bloomberg Canal+ SA will discontinue the loss-making Showmax streaming service developed by South African pay-TV operator MultiChoice Group, which the French firm bought last year. This decision comes after “substantial annual losses experienced by the Showmax business” that “proved unsustainable,” the operator said in a statement Thursday. Ending the service won’t result in any job […] The post Multichoice announce shut down of Showmax streaming platform appeared first on NewZimbabwe.com.
Black News 
Bloomberg
Canal+ SA will discontinue the loss-making Showmax streaming service developed by South African pay-TV operator MultiChoice Group, which the French firm bought last year.
This decision comes after “substantial annual losses experienced by the Showmax business” that “proved unsustainable,” the operator said in a statement Thursday. Ending the service won’t result in any job cuts, with the group providing staff with various transition options, it said.
Canal+ said the decision is consistent with its plan to deploy its in-house streaming platform, which includes deals with AppleTV and Warner Bros Discovery’s HBO Max, to African consumers it didn’t service before the MultiChoice deal.
Canal+ gained control of MultiChoice – part owner of streaming service Showmax with Comcast Corp – late last year in a deal that valued the African platform at about R52.7 billion. The Johannesburg-based firm’s operations are mainly in the south and east of the continent as well as Nigeria and Ghana, while the French company already has a presence throughout francophone western Africa.
The post Multichoice announce shut down of Showmax streaming platform appeared first on NewZimbabwe.com.
