MultiChoice shuts down Showmax to cut losses

A streaming platform is getting axed because hemorrhaging cash every year finally caught up with it.

MultiChoice pulling the plug on Showmax

• MultiChoice, owned by CANAL+ SA, is killing off Showmax after a full operational review.
• Massive yearly financial bleeding made keeping the service alive untenable.
• Board-level sign-off greenlit the shutdown amid a brutal streaming landscape.
• Nobody is getting laid off, and staff will get transition support.

CANAL+ is betting big on a new platform

• A fresh, built-from-scratch streaming service targeting African and global audiences is in the works.
• Premium content and tech upgrades remain spending priorities for CANAL+.
• Strategic tie-ups will keep reinforcing its grip on African entertainment.
• Showmax subscribers got reassurances about upcoming content and platform news.