![\"The](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/03\/805709-700x364.jpg\")
<\/p>\nFrench media group Canal+ said on Wednesday its African unit MultiChoice had lost subscribers and it expected revenues from the business to decline, leaving its shares on track for their worst day ever.<\/p>\n
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The logo of French TV channel ‘Canal Plus’ is pictured outside a company building in Issy-les-Moulineaux near Paris, France, 17 August 2022. ReutersSarah Meyssonnier<\/p>\n
Its shares were down 17% at 11:00 in South Africa (SAST), their worst day since listing in London 15 months ago.<\/p>\n
Canal+ took over MultiChoice in 2025, in a move set to push its ambition to become a global entertainment platform across Europe, Africa and Asia by expanding its foothold in English-speaking Africa.<\/p>\n
The company reported a drop in subscribers at MultiChoice from 14.9 million to 14.4 million in 2025 and unveiled a 100-million-euro plan to revive the business, including hiring more than 1,000 salespeople across 16 African markets.<\/p>\n
“The first quarter of MultiChoice’s consolidation and the specifics of the African development plan are unlikely to excite investors,” AlphaValue analysts said.<\/p>\n
Canal+ is seeking to revive the struggling pay-TV operator with what CEO Maxime Saada called a shift from a “central heavy organisation to boots-on-the-ground.”<\/p>\n “It won’t be easy, we know that,” Saada said, noting that redesigning commercial operations in 16 African markets remains a “complex task.”<\/p>\n Saada told Reuters the company is “ahead of plan” on synergies, upgrading its 2026 target to \u20ac250 million from \u20ac150 million previously, partly due to shutting down the loss-making Showmax after determining there were no chances of recovery, in agreement with the platform’s board and Comcast.<\/p>\n Canal+ said it expected to complete a secondary listing in Johannesburg in June, ahead of the September window previously announced.<\/p>\n Earnings before interest, tax, depreciation and amortisation came in at \u20ac527 million, above guidance of \u20ac515 million . The combined group reported revenues of 8.665 billion euros.<\/p>\n For 2026, Canal+ forecasts moderate revenue growth, with adjusted EBIT rising to \u20ac565 million.<\/p>\n","protected":false},"excerpt":{"rendered":"French media group Canal+ said on Wednesday its African unit MultiChoice had lost subscribers and it expected revenues…\n","protected":false},"author":2,"featured_media":533842,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[49,48,75,348],"class_list":["post-533841","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-ca","tag-canada","tag-entertainment","tag-tv"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/533841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=533841"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/533841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/533842"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=533841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=533841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=533841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Showmax](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/03\/805075-120x120.jpg\")
Showmax to discontinue as part of strategic overhaul<\/a>Karabo Ledwaba<\/a>\u00a0 5\u00a0Mar\u00a02026Turnaround plan<\/p>\n