Rumour: Nigerian Idol Reportedly Cancelled Due To Cost Cutting At Canal+'s MultiChoice
CANAL+ Becomes First French Company To List In Johannesburg
Shares of pay-TV group CANAL+ rose on its Johannesburg Stock Exchange trading debut on Wednesday, when it became the first French company to list in South Africa following a deal with local broadcaster MultiChoice Group last year.
The company, which has a primary listing in London, climbed to 58.50 rand at market open
At the time of CANAL+’s acquisition of MultiChoice in 2025, it said it would have a secondary listing in South Africa, providing a boost for Johannesburg’s stock exchange, which has suffered from a series of departures and few high-profile joiners in recent years.
CANAL+, which had a market capitalisation of £2.25 billion (51 billion rand) on the day prior to its pre-listing announcement on May 12, is the only global media and entertainment group on the exchange.
Its move into English-speaking Africa reflects its stated ambition to become a global entertainment platform across Europe, Africa and Asia.
CEO Maxime Saada said the Johannesburg secondary listing aligns the group’s capital, government relationships and creative resources with African investors, partners and audiences.
“Our hope is for this listing to enhance the liquidity of our shares, to broaden our shareholder base and to support our growth ambitions. But more than that, we believe that we can create value in Africa,” he told spectators before blowing into a Kudu horn to signal the company’s market debut.
JSE chairman Phuthuma Nhleko said the listing reflects strong global confidence in South Africa’s capital markets, reinforcing the bourse’s role in linking international capital with African growth opportunities, and highlights continued belief in the continent’s long-term prospects.
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Sun Africa Group Set Major Long Term Theatrical Partnership In South Africa With StudioCanal
STUDIOCANAL has announced a three-year theatrical distribution partnership with Sun Africa Group (SAG), a member of the Telefilms Group, covering the release of English-language feature films across South Africa — a deal that signals growing confidence in the country's cinema market at a time of significant upheaval in African entertainment.
Under the agreement, SAG will distribute STUDIOCANAL's main slate in the territory, including animation titles, films from its genre label 6th Dimension, and select South African productions developed in partnership with M-Net.
The first release under the deal will be Pressure, a thriller directed by Anthony Maras and starring Andrew Scott, Brendan Fraser, and Kerry Condon. Further titles include Danny Boyle's Ink, Elsinore, Full Phil, The Custom of the Country, and Sean Byrne's The Mannequin.
The announcement comes against a turbulent backdrop for the African media landscape. Canal+ finalised its acquisition of MultiChoice in October 2025 for approximately $2 billion, gaining them control of DStv and the group's broader content production and distribution operations. The deal reshaped the continent's pay-TV sector but also triggered painful restructuring. Canal+ labelled MultiChoice's streaming service Showmax an "expensive failure" and announced it would shut down in early 2026. Showmax halted new sign-ups on March 31, with a full shutdown following on April 30, 2026, with content migrating to a dedicated section within the DStv Stream app.
The STUDIOCANAL-SAG partnership can be read partly as a response to that streaming contraction, a bet on theatrical exhibition as a durable pillar of the South African entertainment market. The two companies have an existing working relationship, with SAG having previously handled the South African release of We Live in Time, but this agreement formalises a significantly expanded, long-term framework.
The announcement follows STUDIOCANAL's recent reveal of The Road Home, directed by Academy Award-winner Bill Condon and starring Cynthia Erivo, which begins shooting in South Africa in late June. The film explores the friendship between Hugh Masekela and Paul Simon set against the backdrop of apartheid-era South Africa.
STUDIOCANAL CEO Anna Marsh described South Africa as "one of the world's most vibrant and influential creative markets," adding that the partnership would create opportunities for South African stories to reach global audiences. SAG CEO Debbie McCrum said the deal represented "a significant and exciting milestone" for her company, emphasising its commitment to delivering films to cinema audiences across the territory.
The deal forms part of the broader expansion strategy of CANAL+ and STUDIOCANAL across the African continent.
Movie Room On DStv In Production Of First Original Feature Film
Currently in production, the film boasts a distinguished ensemble cast led by Lindani Nkosi, Linda Sokhulu, Rorisang Mohapi, Vuyo Biyela, Mbalenhle Mavimbela, Slindile Nodangala, and 2026 Safta Lifetime Achievement Award recipient, Magic Hlatshwayo.
Thuli’s Doek is a resonant South African film that explores themes of polygamy, legacy, blended family dynamics, fertility, faith, identity, dignity, and belonging. At its emotional core is one woman’s deeply personal struggle to preserve her voice, her dignity, and her place within her family.
“The launch of Thuli’s Doek represents an important step in Movie Room’s long-term vision to champion world-class African storytelling,” said Thokozani Nkosi, Executive Chairman of The Rooms Network.
“The overwhelming audience response to our vernacular-dubbed Hollywood blockbuster films has reaffirmed the demand for content that reflects the languages, cultures, and lived experiences of African audiences. Through Thuli’s Doek, we are deepening our investment in original local storytelling while contributing meaningfully to the growth of South Africa’s creative economy.”
The film is produced by Eclipse Television Productions.
Further details regarding Thuli’s Doek, including additional creative talent, release plans, and premiere dates, will be announced in due course.
Canal+ Announces JSE Listing, Unveils More Details
French media conglomerate and the MultiChoice Group’s new owner, Groupe Canal+, announced that its shares will begin trading on the Johannesburg Stock Exchange on 3 June 2026.
“The JSE has granted approval to Canal+ for a secondary listing, by way of introduction using the fast-track listing process, of all its issued ordinary shares,” Canal+ stated.
Canal+ said it has 991,959,494 ordinary shares in issue with a nominal value of €0.25 (R4.84) each. They will launch on the JSE’s main board under the abbreviated name “CANALPLUS”, share code “CNP”.
“The Financial Surveillance Department of the South African Reserve Bank has approved the fast-track secondary inward listing of CANAL+ on the JSE, which will be classified as ‘domestic’.”
This comes five months after MultiChoice delisted from the stock exchange on 10 December 2025. It had been on the JSE for 6 years and 9 months, and was delisted following its acquisition by Canal+.
Canal+ stated that it will be the first French company to trade its shares on the South African stock exchange.
The French media giant confirmed that it would pursue a secondary listing on the JSE in October 2025. Groupe Canal+ is already listed on the London Stock Exchange.
The secondary listing was part of the undertakings Canal+ made to the Competition Commission when it sought approval to acquire MultiChoice.
The London Stock Exchange, where Canal+’s primary listing will remain, offers a “Secondary Listing” section that is self-regulated. It is designed for firms that wish to add a foreign listing.
Canal+ said a secondary listing on the JSE will preserve South African investor access and market liquidity.
The company had committed to a nine-month timeframe for its secondary listing, aiming to have its shares trading on the JSE before September 2026.
The DStv owner was originally owned by Naspers, but the MultiChoice Group was spun out into a separate listing in February 2019, with an opening share price of R95 per share.
Naspers said the unbundling aimed to unlock value for shareholders, while simultaneously creating an empowered, top-40 JSE-listed African entertainment company.
“Listing and unbundling MultiChoice Group is intended to create a leading entertainment business listed on the JSE that is profitable and cash generative,” former MultiChoice chairman Imtiaz Patel said.
“We offer an unmatched selection of local and original content, as well as a world-class sports offering.”
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Recap: May The 4th Be With You As Disney Unveils Themes Events And Programming
- Mando Mondays announced at Comic Con Africa Cape Town In Celebration of Lucasfilm’s Star Wars: The Mandalorian and Grogu Hitting Cinemas Nationwide on 22 May
- May The 4th is a beloved commemoration of the Star Wars saga
- Galactic Programming Across Disney Channels and Disney+
- An Array of Star Wars Product from LEGO® to Figurines and Plush Available
JOHANNESBURG, South Africa, 4 May 2026; In celebration of International Star Wars Day, Disney Africa today has announced Mando Mondays – a fan-driven celebration of the upcoming action-adventure must-see cinematic event from Lucasfilm, Star Wars: The Mandalorian and Grogu.
In the film, the evil Empire has fallen, and Imperial warlords remain scattered throughout the galaxy. As the fledgling New Republic works to protect everything the Rebellion fought for, they have enlisted the help of legendary Mandalorian bounty hunter Din Djarin (Pedro Pascal) and his young apprentice Grogu. Directed by Jon Favreau, Star Wars: The Mandalorian and Grogu also stars Sigourney Weaver and Jeremy Allen White.
Ahead of the film’s release from 22 May 2026, and as announced at a fan-filled Star Wars face off at Comic Con Cape Town this past weekend, Disney Africa is calling on South African fans to get in on the celebrations by visiting the Star Wars and Disney Studios Africa Facebook and Instagram pages to keep up to date on news and competitions to be announced throughout May. More competitions featuring the latest Star Wars products will be in hand through influencer unboxings and reveals, and there’s a galaxy to discover each Monday exclusively on Takealot, with a live shopping experience today only on Takealot.com.
Burger King® is bringing the Force to flame-grilling with the launch of a limited-time menu inspired by Star Wars: The Mandalorian and Grogu. Rolling out from 27 April in South Africa the new menu combines bold flavours, immersive packaging and exclusive collectibles to create a truly galactic experience for fans of all ages.
This Is The Way… To Binge It All On Disney+
Lucasfilm’s acclaimed and celebrated series Maul: Shadow Lord premiere’s its last two episodes on 4 May and adds to the enthralling story of the iconic Maul, a former Sith, who is plotting to rebuild the Shadow Collective crime syndicate to aid in his relentless pursuit of revenge.
As the home of Star Wars, Disney+ has a galaxy of stories awaiting including the complete Star Wars Saga, original series from Ahsoka and Andor, to incredible animated offerings like The Clone Wars and The Bad Batch, to documentaries and specials and much, much more for every Star Wars fan to celebrate on May the 4th and beyond.
Discover Special Programming
Disney Channel (DStv Channel 303) viewers are in for a treat as two LEGO® Star Wars series premiere on the channel. From 4-7 May at 16:30 (CAT), LEGO® Star Wars: Rebuild The Galaxy sees the entire Star Wars Galaxy getting completely mixed up when an ordinary nerf-herder, Sig Greebling, unearths a powerful artifact from a hidden Jedi Temple. Then from 11-14 May at 16:30 (CAT) LEGO® Star Wars: Rebuild The Galaxy Pieces of the Past sees Sig, Jedi Bob, Yesi, Servo and the villainous Dev return and must face off against a new enemy – the powerful and mysterious Solitus. Our heroes will make unlikely alliances as they traverse new and dangerous parts of the hilariously mixed-up galaxy in an effort to stop the growing threat Solitus poses to all they hold dear.
The Most Wanted product in the Universe
Retailers nationwide will stock the latest and greatest collectibles, accessories and toys for the whole family from the exclusive Star Wars: Most Wanted celebration.
Highlights include the LEGO® BB-8 Astromech Droid Building Toy, lightsabers for any Padawan or Jedi and an array of Star Wars plush toys. In anticipation for the release of Star Wars: The Mandalorian and Grogu, fans can collect a number of fun products from Hasbro including the interactive animatronic figure Star Wars: Adventure Buddy Grogu, Star Wars: Huggin Grogu Figure with motion-activated hugging arms and sound effects as well as the Star Wars: Snacking Grogu featuring expressive movements, sound effects and interactive feeding play. LEGO® will also offer the Star Wars: Grogu™ (Mandalorian Apprentice) building set, a must-add for any collector.
May the 4th Be With You
Say “May the 4th Be With You” out loud and you’ll hear the pun that Star Wars fans worldwide have turned into a rallying cry to proclaim their love of the saga.
Today - 4 May - is the day to say “May the Force be with you” to all and celebrate the beloved Star Wars story that binds our galaxy together. From dressing up as their favourite characters, reliving the classic film moments by holding Star Wars movie marathons, holding Star Wars-themed parties (complete with blue milk and Death Star Popcorn Balls, Wookie Cookies and more) – the only limit is a fans imagination that stretches a galaxy (far, far away)! Discover more: https://www.starwars.com/star-wars-day.





