Recap To The Week: Arise News Channel Goes Live In South Africa, 9 Other Southern African Countries On DStv

ARISE News Channel, Africa’s premier broadcaster, has announced its expansion into South Africa and nine other Southern African countries.

The channel is now available on MultiChoice's DStv Channel 416 in South Africa, Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia, and Zimbabwe.

With this expansion, ARISE News Channel is now live in 54 African countries, including Kenya, Tanzania, Rwanda, Uganda, Cameroon, Sudan, Ghana, Senegal, and Cote d’Ivoire, among others.

Celebrating its 11th anniversary on January 31, ARISE News Channel continues to showcase Africa’s diversity in business, politics, technology, commerce, science, sports, show business, and fashion, while projecting the best of Africa and its cultures globally.

Chairman and Editor-in-Chief of ARISE News Channel, Nduka Obaigbena, expressed determination to launch the channel in all countries worldwide, stating, “The move to Southern Africa reaffirms ARISE News Channel’s position as the leading broadcaster in Africa with independence and clear thinking. We are determined to celebrate the best of Africa and tell the African story in the global marketplace.”

He added, “We shall continually showcase the emerging African century where Nigeria and other African countries will be some of the leading economies around the world. This is a marathon and not a dash: we will do for Nigeria and Africa what the CNN, the BBCs, and Aljazeeras have done for their nations and regions. In the emerging African AI- driven new information highway, no one will shape your narrative better than you.”

Development Alert: Canal+ Acquires Additional Shares In MultiChoice

French broadcaster Groupe Canal+ has disclosed that it has bought even more shares in South Africa’s MultiChoice Group in recent days, taking its shareholding closer to the 50% mark.

In a regulatory filing with the JSE on Thursday, Canal+ disclosed that it bought millions more of the JSE-listed MultiChoice’s shares between 12 and 17 April. It acquired 3.65 million shares in that period, and has said it could buy more in the open market as it pursues its plan to acquire control of the parent company of DStv, Showmax and SuperSport.

According to the filing, Canal+ acquired the following shares in recent days:

• Friday, 12 April 2024: About 1.82 million shares in on/off-market transactions for an average consideration of R117.50/share;

• Monday, 15 April 2024: Some 810 000 shares in on/off-market transactions for an average consideration of R115.99/share;

• Tuesday, 16 April 2024: About 1.01 million shares in on/off-market transactions for an average consideration of R115.95/share; and

• Wednesday, 17 April 2024: Some 5 100 shares in on/off-market transactions for an average consideration of R116/share.

Following these share purchases, Canal+ holds 40.83% of the MultiChoice shares in issue.

“Save as may be prohibited under the Companies Act and the takeover regulations, Canal+ may acquire further MultiChoice shares after the date of this announcement while the offer [to MultiChoice shareholders] remains open…,” the French company said.

News of the additional share purchases comes 10 days after the two companies informed investors that they had agreed to work together on a mandatory offer that Canal+ must make to the MultiChoice shareholders. This was after Canal+ triggered a mandatory offer under South African rules by acquiring more than 35% of MultiChoice’s equity earlier this year.

Canal+ plans to offer MultiChoice shareholders R125/share in cash in exchange for their shares

The “cooperation agreement” will see the two broadcasting giants using “reasonable endeavours to cooperate in relation to the offer, including in relation to the fulfilment of the offer conditions and the publication of a combined offer circular”.

Canal+ is offering MultiChoice shareholders R125/share in cash in exchange for their shares.

If the deal hasn’t been consummated by 8 April 2025 – including securing the necessary regulatory approvals, which could still prove to be the biggest stumbling block to a transaction – then it could be terminated. This “long-stop date” can, however, be extended, with the concurrence of South Africa’s Takeover Regulation Panel, a financial regulator that is overseeing the mandatory offer.

Delisting

If the deal goes ahead, MultiChoice could be delisted from the JSE. If Canal+’s offer is accepted by shareholders with at least 90% of eligible MultiChoice shares, then the French firm has reserved the right to delist MultiChoice from the JSE. At the same time, though, Canal+ has said there is an opportunity, potentially, for South African investors to participate in its own proposed listing in Europe.

Could Toonami Relaunch On MultiChoice's DStv And GOtv As Canal+ Seeks Full Ownership Of The Pay-TV Company?

Toonami is an action and adventure driven young oriented channel operated by Warner Bros. Discovery. It is home to DC legends such as Batman, Superman, Justice League and Teen Titans alongside anime such as Dragon Ball and Inazuma Eleven. 

The channel currently resides within StarTimes through a separate agreement alongside Investigation Discovery, TLC and Discovery. Prior to this, MultiChoice added Toonami as a month long pop-up channel.

Although MultiChoice opted out of making it a permanent, Canal+ also offers Toonami alongside Cartoon Network and Cartoonito. Should the acquisition move forward Canal+ will be merging their platforms with that of MultiChoice's DStv and GOtv. 

Toonami could form part of an expansive deal as MultiChoice already offers these brands alongside factual entertainment from Discovery Inc. This merger would be more of DStv folding under Canal+ as opposed to Canal+ folding under DStv. 

This implies that Canal+ will put more focus on their brands and find ways to keep MultiChoice's offering intact. This could see them closing more channels while others like Mzansi Magic and M-Net would be handled by StudioCanal or Canal+ Premium.

Snoozefest Updates: Arise News Rolls Out On DStv In More Countries, A Rebroadcast Of Deur Dik En Dun Take Up Weekday Afternoons On eExtra With Isipho: The Gift On e.tv Every Weeknights

Arise News launches on DStv

Arise News is a London based television network that offers news and current affairs to audiences across the United States, Europe and Africa. It is operated by Arise Broadcasting Ltd., which is owned by Nigerian media mogul Nduka Obaigbena.

As some readers are aware, MultiChoice began tests on the channel a month ago leading to speculation over its possible expansion in more territories. Now it's listed on channel 416 so it's likely to go live by tomorrow from the DStv Access and up.

Deur Dik En Dun on eExtra 

As primetime continues to rise on eExtra following the launches of Die Fakulteit and Sommerdahl Moorde. eExtra continues to hike the flow of repeats on the channel with the addition of Deur Dik En Dun on weekdays at 12:55 from 26 April.

Growing up without her mother and father, Süreyya must fnd her way in life alone. Proud and beautful, she lives modestly with her only relatve, Aunt Senem. Working her way to graduaton at a music conservatory, she becomes a talented musician. But this independent, simple life is set to be turned upside down. The handsome and wealthy Faruk Boran transforms the young singer’s life. Mesmerized by his charm, she fnds herself swept up in a passionate romance and falls desperately in love.

Isipho: The Gift on e.tv

Isipho: The Gift was a 2019 supernatural drama series produced by HerbVision Multimedia and The Ntintili Factory for broadcasters e.tv and VIU. The series was quietly wiped of the rug with a short-lived 206 episodes with e.tv looking to air after Redemption ends.

A young Moses Shezi grew up with the gift of seeing into the future. When his gift leads to the death of his mother, he keeps silent about his gift. Now in his old age, Moses foresees his daughter Ntombi in danger. A series of visions show him four other strangers which he sets out to find in order to change the course of destiny.

It airs weeknights on e.tv from 20 May at 20:30.

The Canal+ Effect: How The French Company Might Arrange MultiChoice Going Forward?

As some readers are aware, Canal+ is looking to finalize a takeover deal with MultiChoice. This sees Mzansi Magic, KykNET and Africa Magic under the management of a French based company Vivendi whose been looking to build their global portfolio. 

There's been many questions as to how Canal+ will align MultiChoice's assets and below is what we believe could be the final outcome:

StudioCanal

As the name implies, StudioCanal is a French based film production and distribution company that currently owns the third largest film library in the world. This is where ROK Studios resided after it was acquired in 2019 with MultiChoice Studios to follow. 

Interesting enough, StudioCanal also offers subsidiaries of the same name within Austria, Germany and the UK. If I had to guess StudioCanal Africa could be on the final piece of this puzzle.

MultiChoice Studios resides within 22 million households while StudioCanal resides within 8 million. Combining this would make it an African powerhouse and probably leading Africa to have its own subsidiary within the French company. 

StudioCanal is also home to the linear ROK channel and will likely be where Mzansi Magic, Africa Magic and KykNET reside.

M7 Group/Canal+ Luxembourg S.à.r.l.

M7 Group is a Luxembourg based and also one of Europe's leading pay-tv operators offering culture and language specific packages in eight countries including Netherlands, Germany, Austria, Belgium, Czech Republic, Slovakia and Hungary. 

As we've seen in recent years, Canal+ has been buying out companies as a means to expand. MultiChoice's DStv and GOtv packages would serve as distant relatives and also another means to get the M7 Group services into Africa.

Metropolitan France/Canal+ Premium

This section is dedicated to their linear offering which consist of self titled brands part of which reside in Africa like Canal+ Discover and Canal+ Sport. Even SPI International brands like FilmBox Africa and even FightBox have a dedicated section in this category. 

In terms of content, M-Net and SuperSport will be handled under this section. They are expected to be remain in operation but as far as branding is concerned that is yet to be determined. 

M-Net had been pivoting toward streaming in recent years by reducing their movie offering even shutting down their secondary network Me. If you look at it, M-Net could get a proper send-off or at least by name ideally it could rebrand to Canal+ Premium/Canal+ First.

Thereafter, M-Net could remain as a trademark for a collection of local channels like Pearl Magic, Africa Magic and Maisha Magic. Never got the sense in having M-Net as a singular brand and also for a collection of locally curated channels.

If the plan was to incorporate the Canal+ trademark on sports ideally Canal+ SuperSport would make a lot of sense. This is something that they could apply temporarily and overtime simplify the name to Canal+ Sport to get viewers accustomed. 

Pending Investigation: The Competition Tribunal Orders MultiChoice To Televise Their Sporting Content To Openview Consumers

The Competition Tribunal has granted interim relief to eMedia in its fight with MultiChoice over the carriage of sublicensed sports from the SABC on its Openview free-to-air satellite platform.

eMedia took MultiChoice, which owns SuperSport, to the Competition Commission last year after the pay-television broadcaster refused to allow the SABC to broadcast rugby and cricket games on its channels it broadcasts via Openview.

According to a statement by the tribunal on Monday, eMedia has accused MultiChoice of “abusing its alleged dominant position by concluding anticompetitive and restrictive sublicensing agreements with the SABC”.

“eMedia alleges that MultiChoice prevents the SABC from broadcasting major sporting events (such as rugby and cricket games – including World Cup tournaments), sublicensed to the SABC, on the SABC’s channels carried on eMedia’s Openview platform.”

eMedia lodged a complaint with the Competition Commission last year and subsequently also sought interim relief from the tribunal to “stop MultiChoice from enforcing the restriction in existing sublicensing agreements or including such restrictions in any new sublicensing agreements until the merits of the case are decided”.

“The tribunal has granted eMedia interim relief pending the final determination of its complaint to the commission, or for a period of six months, whichever occurs first,” it said.

Could M-Net And MultiChoice Look To Close The 1Max Channel On DStv Soon?

Last month, M-Net and MultiChoice had shuttered both 1Magic and Me channels from the DStv platform. As they consolidate further content to boost their streaming endeavors with the pay-tv company that had since then folded selected content on 1Max.

1Max is a Showmax based channel that is home to African originals alongside third party content. The channel kicked off its launch with Red Ink and Tracking Thabo Bester that garnered traction on Showmax alongside international shows like The Good Doctor and Ted.

From what has been established here, this channel was basically added as a replacement to both 1Magic and Me. But that may not be the case as Me was a low tiered brand while 1Max which is just 1Magic with more content is reserved on Compact+.

Why would Compact+ consumers care about 1Max if they have Showmax???

The channel was only unveiled when 1Magic and Me had shuttered with the media that wasn't informed beforehand about 1Max. If this was a channel MultiChoice intended to keep some marketing would have been included or notice days prior. 

Now we need to look at it like this 1Max is an absolute mess content wise. The channel features a chunk of repeats from other M-Net channels, retained 1Magic's music and sitcom block and finally retained Me's presence by 2 hours.

When M-Net City and VUZU merged to form Me although we'd get less adrenaline from the city it did however bundle lot of fiction. 1Max took a dunk on that and made it far worse as variety had been killed and overshadowed by those repeats. 

If 1Max was a channel MultiChoice intended to keep why not inform loyal consumers of Me about the channel or new season of The Good Doctor being broadcast. Another consumers in the rest of Africa are told to enjoy the 1Max experience on Showmax. 

Almost as if they're trying to destroy any chance this channel has of survival and distance consumers from the content. It wouldn't seem far fetched if 1Max was merely being used as a pawn to lure DStv consumers to Showmax and overtime just closed.

1Max is airing Wura which serves as a West African adaptation of The River perhaps the channel will close once it comes to an end similar to how The River was initially meant to close 1Magic before getting extended.

Channel Closure: Pearl Magic Loko Will Stop Airing On DStv And GOtv By 30 April, To Be Replaced By Pearl Magic Reloaded

Not long ago, it was reported that M-Net and MultiChoice would be axing Africa Magic Urban on DStv by the end of April. This comes after Akwaaba Magic Abusua had folded under Akwaaba Magic with Pearl Magic Loko that is set to follow.

Pearl Magic Loko was a Ugandan based entertainment channel operated by M-Net that would offer content in Luganda. Similar to the likes of Zee Zonke, all the content was imported from other countries basically archived material from M-Net.

MultiChoice Uganda in a statement over the launch of Pearl Magic Loko:

“We are living out the business’s mission to be the best African storyteller – it’s not just a slogan for us, it’s a reality we bring to our treasured audiences. Ensuring that stories are told in local languages and allowing for a wider audience to enjoy the country’s favorite shows in their own tongue is key. That’s why the addition of Pearl Magic Loko is so important.”

Now the channel is burned off after a year on air by the end of April. Pearl Magic is planning to offer select content from Pearl Magic Loko under the banner Pearl Magic Reloaded weekdays at 14:00 to 16:00 from 1st May.

Pearl Magic Loko's demise forns part of a bigger conspiracy seen within DStv as several channels had already exited their platforms in under 4 months. This includes 1Magic, Me, People's Weather, B4U Movies, Ginx TV, Emmanuel TV and DW.

Recap To The Month: Akwaaba Magic Extends Its Reach To DStv Access And GOtv Value Customers In ROA, Akwaaba Magic Abusua Set To Close

The roll out of Akwaaba Magic on DStv was the first step in MultiChoice quest to make authentic Ghanaian content accessible across the African continent. Since the channel was launched in 2021, this 24/7 entertainment flagship channel has been exclusive to DStv Compact, Compact Plus and Premium customers. 

Making this announcement, Managing Director of MultiChoice Ghana, Alex Okyere said: “we are excited that all customers on DStv can now watch hit shows like Inspector Bediako S2, Brenya, Play By Ear, Accra Stand Up, The Billionaire’s Wife and Nana Akoto amongst others from as little as Ghs80 per month. In the past three years, Akwaaba Magic has rekindled interest in Ghanaian content production and fulfilled our commitment to developing and upskilling the film ecosystem”.

He adds from the 1st of April, a section of our customers who hitherto did not have access to the diverse shows on Akwaaba Magic, will now be able to watch their beloved Ghanaian stars on our Ghs 80 per month pack”.

Head of the Akwaaba Magic Channel, Nosisa Doe explains that “this move is In line with MultiChoice’s commitment to offering more value to its customers and reinforces our strategic vision to be Africa’s most loved storyteller.” Customers can expect new Ghanaian shows, series and movies starting with the second season of Inspector Bediako every Monday evening on the channel. Furthermore, the Akwaaba Magic Abusua channel would be terminating on the 12th of April 2024 and all unfinished series would be moved to channel 150 on DStv.

Akwaaba Magic will continue to run never-before-seen premium local Ghanaian content 24/7 in English and content in diverse Ghanaian languages with subtitling in English.  The Akwaaba Magic channel will be available to subscribers on DStv Access and for GOtv customers on the Value packages on channel 102.

Channel Closure: Africa Magic Urban Will Stop Airing On DStv (And GOtv) By 30 April

Last month, it was reported WildEarth would be the 10th TV  exiting DStv by the end of April. This comes after the channel had been going through financial constraints and all of a sudden demanded carriage fees from MultiChoice.

This is also part of a bigger conspiracy seen within DStv as 9 channels had already exited their platforms in under 4 months. This includes 1Magic, Me, People's Weather, B4U Movies, Ginx TV, Emmanuel TV, DW, One Freestate Televisual and NWTV. 

With Africa Magic Urban that is set to be the 11th TV channel to exit DStv platforms across Africa. According to MultiChoice, they're consolidating their efforts as part of a strategic shift in order to deliver the highest quality entertainment that resonates with viewers. 

Similar to 1Magic and Me, MultiChoice is likely looking to cutback on content commissions for these channels in order to boost their streaming endeavors with Showmax. It was revamped in February to include a lineup of archived material from NBCUniversal.

Africa Magic Urban launched as Africa Magic Movies 1 in 2012 was a premium version to Africa Magic Epic and Family. Initially catered to local films expanded to include series most of which are now set to fold under Africa Magic Showcase and Family. 

If we had to be honest, there was not much variation with the content same with seasons. It was like how you'd view Moja Love and Moja 9.9. were instead of them gaining some independence same content launched elsewhere with variation being the package. 

Statement from MultiChoice about the closure of Africa Magic Urban:

Please note that this strategic shift allows us to focus on delivering the highest quality content that resonates most with our diverse audience. By consolidating our efforts, we can better invest in new and exciting programming that aligns with your interests. 

Canal+ Has Increased Its Shareholding In MultiChoice To 40% As The Two Companies Work On A Takeover

Despite already submitting an all-cash offer worth roughly R54 billion, Canal+ has increased its shareholding in MultiChoice from just over 35% to 40.01%

As per the Companies Act, Canal+ had to make an offer to buy the rest of MultiChoice after breaking the 35% threshold.

Canal+ has offered to buy all the shares at R125 apiece, which is being considered by a newly formed independent board at MultiChoice.

Although Canal+ was given the right to buy more MultiChoice shares earlier this week, should these shares be bought at more than R125 each, the French broadcaster would be obliged to increase the officer price to “not less than the highest consideration paid” per share bought. 

MultiChoice’s share price currently stands at just under R120 a share.

Despite Canal+ already owning 40% of MultiChoice, the latter’s memorandum of incorporation means that a foreign company’s aggregate voting power can not exceed 20% of the total voting power in the group to ensure certain statutory requirements.

10 TV Channels Exit DStv With More Closures Likely To Follow With Canal+ Acquisition Of MultiChoice

As some readers are aware, MultiChoice had removed 10 TV channels in under 5 months. This includes Deutsche Welle, Ginx TV, Emmanuel TV, B4U Movies, One Freestate Televisual, NWTV, 1Magic, People's Weather and Me with WildEarth to follow.

MultiChoice is in the midst of a possible takeover from French company Canal+ after garnering almost 37% hold of the company. With South African laws forcing them to obtain remaining shares and get approval from legislation or risk termination. 

If this deal goes forward, Canal+ and MultiChoice would be merging their stables with the acquirer Canal+ making some budget cuts. This is a norm when a company undergoes a takeover or merger but how much more turmoil can consumers put up with.

As discussed already, Canal+ assets clash with MultiChoice's current offering as the French company has bought up various properties in Africa. This includes ROK Studios who own the streaming service iROKO TV and linear ROK channels on DStv.

They're basically rivaling with M-Net's Africa Magic and unless Canal+ is looking to sell or restructure these brands they can't just "co-exist". Either ROK Studios will merge into Africa Magic or both will be unified to form another brand in the African market.

Same goes for their streaming services iROKO TV and MyCanal Afrique from Canal+ with DStv Stream and Showmax from MultiChoice. Unless there's no monthly fees attached, iROKO TV could be structured as a Showmax type streamer for Africa Magic.

Lastly, there's pay-tv platforms Canal+ offers to consumers within Francophone Africa while MultiChoice caters to English speaking countries. These serve as the most complicated of the pillar as Canal+ Afrique and DStv would be subjected to a merger.

These include a range of entertainment channels from both parties some of which will likely not form part of the merged packages. Canal+ has its own entertainment they can't just pay for duplicates unless it has appeal or originality in the mix.

Canal+ has stated that merging their assets with MultiChoice would give them a competitive advantage against NBCUniversal and Disney. These cutbacks are likely to hit all corners of DStv.

Recap To The Week: Canal+ Raises Offer For MultiChoice, Plans JSE Listing

Canal+ has substantially increased its offer for the MultiChoice Group to about R37.7 billion from R31.7bn after the local broadcaster said in February that the initial offer was too low.

MultiChoice’s share price increased 4.16% to R117 yesterday morning after the improved offer was announced. The share later closed the day 4.99% higher at R117.93.

Meanwhile, should Canal+’s own planned European listing proceed, there would be an opportunity for South African investors to become shareholders of the combined entity, as part of a secondary inward listing on the JSE, the companies announced yesterday.

Vivendi, the parent of Canal+, is currently doing a feasibility study to split the company into several separately listed entities. Canal + has 26.4 million subscribers, 17 million of which are outside France. MultiChoice claims 23.5 million subscribers.

The two groups said they had reached an agreement on proceeding and cooperating with the Canal+ takeover bid, that was formally announced on February 1, 2024, following talks between them of over a year.

Canal+’s stake in MultiChoice amounted to 35.01% by February 5, and this stake amounted to 36.6% on April 5.

The offer to MultiChoice shareholders was yesterday increased to R125 per share, from R105 cents when Canal+ first made the offer, which is “significantly above the minimum price of R105.00 required by the Takeover Regulations,” the companies said in a statement.

The new price represented a 66.66% premium to the R75 price on February 1, the last trading day prior to the offer first being made.

Meanwhile, should Canal+’s own planned European listing proceed, there would be an opportunity for South African investors to become shareholders of the combined entity, as part of a secondary inward listing on the JSE, the companies announced yesterday.

Vivendi, the parent of Canal+, is currently doing a feasibility study to split the company into several separately listed entities. Canal + has 26.4 million subscribers, 17 million of which are outside France. MultiChoice claims 23.5 million subscribers.

The two groups said they had reached an agreement on proceeding and cooperating with the Canal+ takeover bid, that was formally announced on February 1, 2024, following talks between them of over a year.

Canal+’s stake in MultiChoice amounted to 35.01% by February 5, and this stake amounted to 36.6% on April 5.

The offer to MultiChoice shareholders was yesterday increased to R125 per share, from R105 cents when Canal+ first made the offer, which is “significantly above the minimum price of R105.00 required by the Takeover Regulations,” the companies said in a statement.

The new price represented a 66.66% premium to the R75 price on February 1, the last trading day prior to the offer first being made.

It is also a 63.96% premium to the R76.24 30-day volume weighted average price on the last trading day, prior to the offer being delivered.

Canal+ has said that its aim is to build a global entertainment leader, with Africa at its heart, combining scale, complementary geographies, and international reach with strong local roots, that will support the development of Africa's sporting and cultural industries, and “take leading and authentic African stories to a global audience.”

Recognising South Africa’s black economic empowerment imperatives, it intends to support MultiChoice’s BBBEE initiatives and the transformation of its South African business.

Canal+ believes the offer would also provide MultiChoice shareholders with an opportunity to realise value at a significant premium, in cash.

“Canal+ believes the competitive landscape for Africa's media and entertainment industry will continue to undergo profound changes as the continent rapidly adopts broadband and mobile internet.”

This allowed international media companies and global OTT platforms (including Netflix, YouTube, Disney and Apple TV+), to use their scale and resources, to expand beyond their existing markets, increasing their focus on Africa and thereby challenging local rivals.

“A combined group would be better positioned to address key structural challenges and opportunities resulting from the progressive digitalisation and globalisation of the media and entertainment sector. This could have significant benefits for the African creative and sports ecosystems, for example, by enabling high-quality content created on the continent to be distributed to an international audience,” the companies said.

Also, through the combination with Canal+, in addition to operating in over 50 countries across Africa, MultiChoice would be part of a broader group, present across three continents: Africa, Europe and Asia. As a result, MultiChoice would benefit from the combined group's scale across its entire footprint.

Credits: IOL

Canal+ Makes Firm Offer For DStv Owner MultiChoice, Eyes Secondary JSE Listing

French media giant Canal+ announced on Monday it has now made a mandatory offer for a takeover of MultiChoice, offering R125 per share. The new offer price is almost 67% higher than the MultiChoice share price just before its first offer in February. 

MultiChoice, Africa's biggest pay TV operator, meanwhile has roped in Standard Bank as an independent expert to give an opinion on the offer, also agreeing to cooperate in ensuring its implementation.

An earlier non-binding offer of R105 per share in February was rebuffed by the board of Africa's biggest pay-TV operator as too low, and Canal+ subsequently upped its proposal in March to its current amount. MultiChoice had closed at R112.33 on Friday.

Canal+, whose parent is Vivendi, operates in 50 countries across Europe, Africa and Asia, directly serving 8 million customers in Africa. It had about 25 million total subscribers as of its 2023 year, while MultiChoice had 23.5 million. Both have serious ambitions for Africa and have acknowledged that scale is necessary in order to take on US giants such as Disney and Netflix.

"Canal+'s ambition is to build a global entertainment leader, with Africa at its heart, combining scale, complementary geographies, integrated and international reach with strong local roots, that will support the commercial development of Africa's sporting and cultural industries and take leading and authentic African stories to a global audience," it said on Monday.

"This long-term vision has its foundation in Canal+'s extensive and successful 30-year history of investing in African creative and sports broadcasting markets."

Vivendi, the parent company of Canal+, is also currently undertaking a feasibility study for the proposed split of the company into several separately listed entities, first announced in December.

Should a planned European listing proceed, there will be an opportunity for South African investors to become shareholders of the combined entity as part of a secondary inward listing on the JSE, the company said

Canal+ added on Monday it understood the imperative of broad-based black economic empowerment, and upon implementation it intends to support MultiChoice in its continued efforts of transformation of its South African business. This is usually also a condition imposed by SA's competition regulators, whose approval is required, while a circular for the offer will be released in due course.

Complicating matters had been SA laws that place limitations on foreign ownership of local broadcast licences. This means Canal+ can increase its shareholding in MultiChoice to any level, but its voting rights are limited to a maximum of 20%. Canal+ also increased its stake in the group to over 35%, which a threshold that triggers a mandatory offer.

However, given the voting cap, the Takeover Regulation Panel was then asked to make a ruling, finding in February that Canal+ must. Following an extension, it was given until 8 April to make its mandatory offer.

MultiChoice has also granted exclusivity to Canal+, which entails not engaging with other competing parties. However, should a better, unsolicited proposal be received, Canal+ will have the opportunity to revise its offer.

"Following constructive engagement with MultiChoice, we are pleased to have issued a joint firm intention announcement to make an offer today, representing a significant premium for the shareholders of MultiChoice," Canal+ chair and CEO Maxime Saada said in a statement.

"Canal+ is confident in making this offer, at a level which far exceeds the minimum required by regulation, due to the incredible future we believe that Canal+ and MultiChoice can build together," he said.

"We are excited about these opportunities, which will be supported by further investment in technology, including the continued offering of a leading satellite service, and rolling out more innovative streaming products."

SuperSport Vs. Canal+ Sport: Who Is Likely To Survive Canal+ Potential Takeover Of MultiChoice?

Canal+ Sport is a French based sports broadcaster owned by Canal+ that offers services in parts of Europe and Africa. Similar to the likes of SuperSport, Canal+ Sport also comprises of various linear channels featuring football, rugby motorsport and basketball. 

Last month, it was reported that Canal+ had increased its offer to takeover DStv by 19% with a sum of R35,9 billion. This comes after their initial offering of R32 billion was rejected with the Takeover Regulation Panel (TRP) ordering them to propose a new deal.

As some readers are aware, South African laws limit the ownership of businesses to foreign entities with Canal+ voting rights reduced to 20%. Although, they'd have majority stake of the company they wouldn't be able to exercise that level of ownership.

Since news of Canal+ possible takeover of MultiChoice came about, several consumers have been very skeptical about this ordeal. With some very keen on the fate awaiting several brands such as SuperSport for instance.

SuperSport is the biggest player in the world of sports across the African market. It is home to major sporting events such as Premier League, PSL, La Liga, MotoGP, Formula E and WWE most of which aren't accessible on Canal+ Sport.

Even if Canal+ was successful in obtaining MultiChoice most of the company's assets could remain intact this includes SuperSport. It has more reach in the market Canal+ also resides and offers sporting events Canal+ Sport was unable to retain due to exclusivity. 

Regions with Canal+ Sport will most likely see content from SuperSport surface on their channels and overtime fold under the trademark.

Recap To The Decade: TopTV's Abrupt Cancellation And Transition To StarSat + Possible Acquisition By MultiChoice And Zuku TV

With Canal+ looking to acquire MultiChoice there's been concerns from various consumers on the intentions of the French company. Following, StarTimes hold on TopTV (now StarSat), it lurks under the shadow of its previous iteration with less media coverage. 

TopTV was a South African pay-tv platform operated by On Digital Media which served as a rival to MultiChoice's DStv. It promised to offer consumers affordable price rates by letting them pay for a selection of entertainment something not seen on DStv. 

Variety was available across every price plan for R99p/m which was home to free-to-air channels SABC 1-3 and e.tv alongside other entertainment ranging from sports like Eurosport News and Senata Sports and news from BBC News and Al Jazeera. 

These consumers were given an option between Kiss and JimJam from Kids & Music, Discovery Science and FOX Retro from Entertainment & Knowledge, and Showtime and FX from Ultimate Movies.

During its span, TopTV was able to lure at least 300,000 subscribers and got a lot of media coverage. Similar to StarSat, there was a lack of communication with the media over the inclusion of content and TV channels.

Similar to the likes of eMedia Investments, TopTV came with their own branded TV channels such as Top One (general entertainment), Top History (factual), Top Junior (kids) and Top Movies. Most of which were scrapped following the pay-tv company's money woes.

Change in ownership/help from DStv

In 2012, TopTV had gone into business rescue under Companies Act behind on debt and in need of cash needed help from another party which most were eyeing to be South African. 

In 2013, Dynamic TV was the only bidder based in South Africa that was looking to acquire TopTV. It was formed by Given Mkhari's MSG Afrika and Malose Kekana's Falk Trading who had gotten "financial help" from MultiChoice to acquire the pay-tv company. 

It's likely that TopTV could have merged with DStv or rebranded to GOtv as MultiChoice were open to pumping out close to R370 million a year. Other suitors included Zuku TV's owners Wananchi Group meaning they wouldn't have been exclusive to West Africa. 

StarTimes was only successful to acquire TopTV as Dynamic TV and Wananchi Group failed to make their offers on time. Shareholders were desperate for a possible deal and reviewed StarTimes offer before making them their new business partner. 

More battles ahead 

News of StarTimes takeover of TopTV was met with poor reception from workers who feared the overloading of "poor Chinese content". A few shareholders within ODM had taken StarTimes to court regarding its takeover of the TopTV trademark. 

Amidst this StarTimes was looking to unveil the new packages and TV channels set to be rolled out on StarSat. Despite the outcome of the court, StarTimes was able to exercise their 65% hold of the company and unveil the new packages and TV channels to debut.

This garnered a lot of media coverage after reports surfaced of porn being part of this lineup which had heavily been bombarded on TopTV. This consisted of Desire TV, Playboy TV and Private Spice all of which are available at an additional charge.

ICASA saw no problem with the inclusion of porn as it didn't form part of StarSat's other offering with the other pertaining to the broadcast times 20:00 viewed by adults. Other parties such as the Doctors For Life had filed lawsuits with various other law enforcement.

StarSat was forced to pull these channels by 2014 (with license revoked) and they resurfaced sometime later. The Justice Alliance of SA (Jasa) was looking to fine the broadcaster R60,000 but ICASA reduced it to R25,000 as they broadcast without approval. 

Conclusion: TopTV's demise could have been prevented 

TopTV was poorly structured during its run despite housing premium entertainment brands like FX and Showtime. They offered a chunk of add-ons part of which likely went unnoticed by viewers as they continued pumping gas in the fuel tank.

StarTimes had identified these flaws and opted to restructure the packages in a similar form to those viewed in Africa and seen on MultiChoice's DStv. They paid up various debts TopTV owed to various companies and retained part of its offering.

TopTV had about 300,000 subscribers before migrating to StarSat and when you look at it they could have minimized their offering. They were moving very quickly to edge out MultiChoice knowing how little consumption numbers were at the time.

MultiChoice by this period had at least 3 million DStv customers within South Africa. 

Could Canal+ Kids Expand Its Operations Through MultiChoice's DStv Or Showmax?

Canal+ Kids is a French based children's channel operated by the Canal Group that offers imported alongside locally produced content. It is known for shows such as Elvis Riboldi and Mush-Mush And The Mushables shows picked by Warner's kids networks.

With Canal+ looking to acquire Africa's largest pay-tv company MultiChoice with an announcement anticipated in the coming days. Several things await the possibly merged companies one of which is downsizing of staff and merger of assets.

As seen since the course of 2023, MultiChoice Studios expanded their local portfolio to the kids market with the addition of Jay Jay: The Chosen One. This serves as the first animated project with promises to expand the lineup if it proved to be favorable. 

By 2024, MultiChoice Studios has managed to launch an additional two titles Twende and Hero Space: Trust Your Inner Hero. The plan at the moment is to do more short form depending on their performance as the plan is to expand this to other countries. 

Canal+ Kids which is situated in French speaking countries had already followed on similar endeavors basically serving as a rival. With Canal+ looking to acquire MultiChoice its likely that Canal+ Kids could expand their portfolio to include other countries. 

I mean the idea wouldn't seem far fetched as Canal+ has an active presence in the kids circuit in parts of Europe. Through Poland, some content is distributed by Teletoon+ and in Africa this would be considered the equivalent of Play Room.

Could DStv And GOtv Undergo A Possible Restructure Following Its Possible Acquisition By Canal+?

For several years, Canal+ has progressively increased its ownership of MultiChoice and with them eyeing a possible acquisition of the pay-tv company. Several aspects from both brands come into question and these include their pay-tv services.

Similar to MultiChoice, Canal+ operates various TV channels and platforms within the African stake. With their 35% stake in MultiChoice, they were able to distribute various DStv exclusive content to their pay-tv platforms of the same name.

These included general entertainment brands Africa Magic Epic, Zee World and Telemundo to movies from M-Net Movies 3 and M-Net Movies 4. Even tailor made sports channels SuperSport Premier League and SuperSport La Liga are also added to the lineup. 

Should this acquisition move forward, we're likely to see some consolidation amongst DStv, GOtv and Canal+. Taking to account, they already offer pay-tv services in parts of Europe without the Canal+ trademark we presume DStv could survive in these endeavors. 

From what is understood, MultiChoice Africa isn't profitable as yet and Canal+ could work on making them cost effective. Either scrapping the Canal+ packages and GOtv in favor of DStv or most probably just phasing out Canal+ trademark in some properties. 

Markets in which DStv doesn't exist but Canal+ does will most probably rebrand while those were there's availability of both will probably be structured into separate DStv package if not GOtv.

Canal+ offers a range of entertainment from self titled channels such as Première, Cinema and Docs to third party brands like Game One, English Club TV and France24. Most of which will likely surface on DStv while other brands exit in favor of other TV channels. 

FilmBox Vs. M-Net Movies: Who Is Likely To Survive Canal+ Acquisition Of MultiChoice?

During the year, Canal+ expressed interest in acquiring pay-tv giant MultiChoice after gaining small stakes in the company and working closely on several shows. They're currently in talks with Patrice MotsepeIs in an attempt to increase their bid in MultiChoice. 

If Canal+ had succeeded in their first attempt at acquiring MultiChoice they'd have to grow through legal procedures who could have prevented this from moving forward. Now that talks of an SA player enters the equation they're likely to succeed. 

Canal seeks to merge their assets with MultiChoice making their portfolio accessible to over 50 million subscribers in Africa. Since talks of a possible takeover has taken place there's been various questions as to how this may affect the current offering. 

Canal+ owns various properties in Europe and one of which SPI International has garnered an international presence. This consists of various FilmBox entertainment channels alongside Gametoon, FashionBox, FightBox and DocuBox. 

As some readers are aware, these channels particularly FilmBox are already viewable in Africa and were basically a rival offering to M-Net Movies. Should the acquisition move forward these brands are likely to get merged if not restructured.

It's not only the content that bares various similarities but also the formatting of these brands. M-Net Movies 2 is basically FilmBox Action while M-Net Movies 3 and 4 have FilmBox Africa, FilmBox Family and FilmBox Stars.

Ideally, M-Net Movies could fold under the FilmBox trademark considering its presence in Europe but there's also chances that they may have a future. M-Net Movies 3 & 4 alongside various DStv channels are seen on Canal+ platforms in Africa.

If M-Net Movies wasn't that much of a priority they could have opted for FilmBox. It's likely that FilmBox could be phased out in favor of M-Net Movies but questions amount to whether Starsat and various other platforms would/are willing to include them.

MultiChoice is StarTimes biggest rival as it offers a diverse lineup of local content and premium sports. Of course, the mere thought of M-Net Movies possibly being added to these consumers would lure exiting DStv consumers to StarTimes for its affordable rates.

In Nederlands, Film1's offering compensate for FilmBox films movie channels with the main channel being what's left of the trademark.

Development Alert: Parliament TV Channel On DStv Might Be Getting The HD Treatment

Parliament TV had been operating on MultiChoice's DStv providing coverage of important parliamentary proceedings and other festivities. This serves as a underscoring and their commitment to supporting parliamentary transparency.

As seen later in the week, MultiChoice had closed 1Magic and Me as further content had been folded under 1Max. Applicable to consumers in South Africa, it serves as a promotional channel for Showmax with a mixture of local and international content.

With channel 115 vacated, MultiChoice had removed the HD feed from Me and replaced it with Parliament TV. Taking to account the current feed is only SD its likely that they're looking to align them with eNCA and SABC News whose feeds have been HD.

Other channels that have since then been going through similar tests and awaiting an upgrade include Disney Channel (since 2023) and TBN (since 2022).

In other developments, MultiChoice had sent notifications to consumers over the closure of WildEarth. After multiple failed attempts by the channel to secure payment for their carriage on DStv had opted to take their channel off air by the end of April.