MultiChoice Group has lost 1.2 million linear broadcasting subscribers in the past year, a decline of about 8%.
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MultiChoice Group expects a sharp decline in reported trading profit for the year ended 31 March 2025.
Groupe Canal+’s planned acquisition of MultiChoice Group just cleared a major hurdle.
Canal+ is likely to drive through big strategic changes should its takeover bid for MultiChoice succeed.
A big dividend cut is coming as MultiChoice warns shareholders that it is struggling in a difficult economy.
MultiChoice Group has announced a plan to carve out its South African licensee into a new entity.
Groupe Canal+, which is in the throes of acquiring MultiChoice Group, has similar content offerings to DStv in France, its home market – but with one major difference.
Canal+ has highlighted its intention to become a global content platform, with Asia and Africa seen as high-growth markets.
MultiChoice Group and its French suitor have approached South African regulators about their proposed mega-deal.
Streaming platform Viu, which includes Canal+ among its investors, is looking to expand its content offering in South Africa.