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Tuesday, June 11, 2024

MultiChoice Is Believed To Be Exiting Pay-TV (DStv And GOtv) In Favor Of VOD (Showmax), Insurance, Namola And Other Home Services

Not long ago, Canal+ had been granted permission to acquire remaining shares in MultiChoice after owning at least 45% of the company. They are still awaiting approval from various parties with talks of a restructure currently underway. 

Earlier in the year, Canal+ had mentioned that they intend to keep MultiChoice on the JSE but are looking to get their own local listing. This was sort of a hint that MultiChoice could be spun off with some assets under French management. 

One of the most notable guesses within this scenario is that Canal+ will most likely get MultiChoice's pay-tv license and this would include DStv alongside various linear channels. This would be managed alongside a BEE partner as required by law.

Other assets which would also be managed would include MultiChoice Studios and SuperSportBET as these are basic pillars of that offering. Then the other portion would have Showmax, DStv Glass, Namola and other home services. 

Canal+ Group's revenue had gone up and that is due to their continued investment into the African market. One of the reasons they want to explore getting local investors onto their other businesses in Europe. 

MultiChoice in general had seen a loss in consumption and also TV channels including FOX, ITV Choice, Disney XD and BBC First. All of these were part of streamlining attempts with the exit of M-Net's Me and 1Magic almost seeming like a farewell. 

Their endeavors with 1Max is probably a countdown to what DStv consumers are probably gonna miss out. They were rumours of them trying to separate DStv from Showmax and with the demise of M-Net's secondary offering it was probably due to that.

Maybe Canal+ has another vision for the DStv platform and this one the Me and 1Magic part of it doesn't exist. Or maybe this endeavor goes beyond Canal+ and more onto M-Net as they had restructured their offering several times during their run.

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