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Labrish
Nyuuz
MultiChoice shuts down Showmax to cut losses
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[QUOTE="Queen, post: 87830, member: 27"] A streaming platform is getting axed because hemorrhaging cash every year finally caught up with it. MultiChoice pulling the plug on Showmax [LIST] [*]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. [/LIST] CANAL+ is betting big on a new platform [LIST] [*]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. [/LIST] [/QUOTE]
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Labrish
Nyuuz
MultiChoice shuts down Showmax to cut losses
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