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. 

DStv Channel Changes From 01 January 2023 To 31 March 2024

2023 had proven to be the least productive year in terms of channel additions as opposed to terminations as MultiChoice continues to review their slate of content and explore other means of keeping viewers entertained.

DStv Access experienced the most wins during this period in terms of expansions as the pay-tv company allocated channels such as E! Entertainment, Trace Urban, WildEarth, ESPN 1 SuperSport La Liga, SuperSport Schools and Ignition TV.

They continued their winning streak with new additions Play Room and Zee Zonke.

DStv Easyview didn't get that much limelight as seen in the previous financial period with Magic Showcase and BBC UKTV. However, they were very much present in the new channel circuit with the now defunct brands, NWTV and One Freestate Televisual. 

Consumers leaning toward the Family and Compact Plus tile had recieved the least amount of attention in the current financial period:

• DStv Family only got BBC Lifestyle after being made exclusive to Compact.

• DStv Compact+ welcomed a new channel Qwest TV from multi award-winning artist Quincy Jones.

DStv Compact consumers were the most "fortunate" amongst top to mid tier households. Although no new channels were reported, MultiChoice had extended the reach BBC UKTV which now serves 12 million households in Africa alongside ESPN 2.

Premium households continue to inherit nothing as the market for this audience declines with the last additions dating back to September 2020 with a full-time fliekNET channel and more sports channels. 

Terminations from this period range from channels like Maisha Magic Movies, HONEY, Da Vinci Kids, Deutsche Welle (DW), Emmanuel TV, B4U Movies, People's Weather, NWTV, One Freestate Televisual, Ginx eSports TV, 1Magic and Me:

• DStv Easyview would have lost 4 channels which is the most channels for any package: People's Weather, NWTV, One Freestate Televisual and Emmanuel TV. 

• DStv Access would have come in second with 3 channels: HONEY, Deutsche Welle (DW) and Da Vinci Kids. 

• DStv Compact would come in third with two channels: Ginx eSports TV and Maisha Magic Movies. 

• Other packages would have lost only one channel: 1Magic, Me and B4U Movies. 

Below we present a roundup of 2023 with various developments that took place and beside it the package.

Expansions

ESPN 1 - Compact to Access

WildEarth - Family to Access

Trace Urban - Family to Access

E! Entertainment - Compact to Access

Ignition - Family to Access

BBC UKTV - Easyview to Compact

ESPN 2 - Compact+ to Compact

BBC Lifestyle - Compact to Family

SuperSport Schools - DStv Stream to Decoder (excluding Easyview)

SuperSport La Liga - Family to Access

New channels

Qwest TV - Compact+

Zee Zonke - Access

* One Freestate Televisual - Easyview

Play Room - Access

* NWTV - Easyview

* means channel closed 

Termination

HONEY - Access

Maisha Magic Movies - Compact

Da Vinci Kids - Access

Emmanuel TV - Easyview

1Magic - Compact+

Me - Family

One Freestate Televisual - Easyview

B4U Movies - AddMovies

People's Weather - Easyview 

NWTV - Easyview

Deutsche Welle (DW) - Portuguese

Ginx eSports TV - Compact 

Recap To The Week: 1Max Has Been Excluded From The DStv Compact And Family Packages

During the week, MultiChoice had launched the standalone 24 hour service to Showmax, 1Max. After promising Compact+ consumers a rebranded offering, 1Max debuts on channel 103 with content already seen on 1Magic with a major boost from Me.

After having closed Me on channel 115 which targeted consumers on the Compact and Family packages. MultiChoice had opted alienate them from viewing further shows from M-Net and this includes Yellowstone and The sixth season of The Good Doctor.

Consumers on Compact+ confused and frustrated over the switch to 1Max as various traits from 1Magic had surfaced on the channel. This includes sitcoms Moesha and One And One with further additions of content viewed on Africa Magic and KykNET. 

From what we've grasped, 1Max is a Showmax tailored channel basically BBC UKTV and Nicktoons - secondary network. All the premium bonanza was axed when the premiere of Champions moved from 1Magic to Mzansi Magic. 

Honestly speaking, 1Max's debut on DStv almost seems rushed as the programme guide still includes 1Magic's termination card. On top of that, further details as to the name and programming was only unveiled by yesterday.

MultiChoice in these regards opted to unveil further details about 1Max through content highlights on their website. They didn't think to even brief the media beforehand not even a press release leading some to question MultiChoice's confidence on 1Max.

One of two theories come to mind over the lack of marketing first being its current positioning as the latter is on Showmax. If anything, its likely that the availability has to do with some content viewed on channel like Ted and Red Ink.

MultiChoice Chair To Stay On Until Canal+ Transaction Concludes

Imtiaz Patel will remain as chair of MultiChoice until the conclusion of the Canal+ transaction, the pay-TV operator said on Tuesday.

French broadcaster Canal+ has made a mandatory offer to MultiChoice investors to take up all the shares that it does not already own by April 8.

The MultiChoice board said it had reached an agreement for Patel to stay as the continuity would be beneficial. Patel agreed to extend his tenure until the conclusion of the Canal+ transaction or sooner, depending on the progress of the transaction.

Elias Masilela, a long-standing non-executive director and the chair, became the deputy chair of the MultiChoice board on April 1. He will also become lead independent director in place of Jim Volkwyn, who will step down as lead independent director but remain as a non-executive director.

 

At the start of February, Canal+ made an offer to buy the rest of the company at R105 a share, or just more than R31bn, in what would have been the biggest M&A deal so far in SA in 2024.

The DStv owner snubbed the offer as too low for the business and its prospects, even though it is at the top end of the target price range that analysts and brokers have for the stock. 

Canal+ then raised its offer to R125 per share on March 5, valuing the deal at about R37bn.

Canal+, a top shareholder in MultiChoice that had a 31.67% interest when it proposed the offer, raised its stake to 35.01% after the deal’s announcement earlier in February, just above the threshold that would require the company to make a mandatory offer to shareholders.

The Paris-based company said it would publish a firm intention announcement by April 8.

From Old Favourites Like Moesha And Wura To Originals Like Tracking Thabo Bester And Red Ink: List Of Confirmed Shows For DStv's Newest Addition, 1Max

Not long ago, it was revealed that 1Max was the name of the TV channel set to replace 1Magic and Me on DStv. It is currently unknown if 1Max will also be included on Compact and Family as tests are also being conducted on 1Magic's channel number.

1Max from what we could figure based on the logo is a Showmax tailored channel. Unlike 1Magic which was catered to Southern Africa with a separate feed in West Africa, 1Max seems to be following its streaming counterpart and unifying this lineup.

The West African telenovela Wura after launching on the Africa Magic channels in 2022 will rollout on 1Max. Based on the 1Magic telenovela The River, Wura follows an iron lady who doesn’t care whose ox is gored in her path to get what she wants.

This will be followed by the Afrikaans romcom Troukoors (Wedding Fever) after debuting on KykNET in 2021. Starring an all elite cast, It followed a wedding planner who surrounded by friends and family is on a journey toward self discovery. 

There's also going to be some flash from the past shows from 1Magic such as One On One and Moesha which will form part of a classic sitcom block. Joining this lineup will be Me favourites such as 6th installment of The Good Doctor alongside Yellowstone. 

In hindsight, 1Max is basically 1Magic with a new coat of paint and additional content. Initially structured to offer an independent lineup from M-Net through 1Magic will also serve as an open window to shows exclusive and already seen on DStv Premium.

If we had to guess, MultiChoice will probably be putting more buzz on Tracking Thabo Bester, Red Ink and Sport Wives.

Tracking Thabo Bester is a four part miniseries based on the lives of the titular character alongside medical doctor Nandipha Magudumana. It debuted on Showmax last month and had the most views compared to any other doccie.

Red Ink is a eight-part thriller tells the story of a journalist turned publicist, Lucy Khambule, who is approached by an imprisoned serial killer to tell his story. Followed by Sports Wives, a reality show that follows the lives to wives of South Africa's sporting greats.

Development Alert: MultiChoice And M-Net To Rollout 1Max As A Replacement To 1Magic And Me On DStv

Earlier in the year, it was reported that MultiChoice was currently working on a TV channel with the letter X in its name. Not much details was shared about the content or when this channel would be ready for distribution to consumers.

As reported last month, MultiChoice and M-Net had shuttered the M-Net's Me and 1Magic channel on DStv. As they continue streamlining their portfolio further reducing the amount of linear channels available. 

Not long ago, the pay-tv company had begun experimenting on the reported Channel X brand which we now know is 1Max. It describes itself as the best TV channel for Showmax viewing offering shows such as Tali's #JoburgDiary, Wura and The Good Doctor. 

Considering that M-Net will be merging Me and 1Magic into a single TV channel. It would make a sense for the channel to be available to consumers as Me and 1Magic but MultiChoice had promised this channel would be available to their Compact+ consumers.

There's chances that certain DStv customers might be excluded from this offering. But considering that MultiChoice had failed to address the situation pertaining to the shows chances of that risk 1Max joining the latter to have been axed.

The Possible Damage Awaiting MultiChoice Following The Cancellation Of M-Net's Me And 1Magic On DStv

In a few days, DStv customers will be bidding farewell to two channels, 1Magic and Me. As M-Net further streamlines and consolidate their entertainment offering consumers will be paying more but have less channels at their disposal.

These channels would have joined B4U Movies, Deutsche Welle (DW), People's Weather, Ginx eSports TV, Emmanuel TV, NWTV and One Freestate Televisual to have been axed since the start of the year with WildEarth to follow soon.

MultiChoice in these endeavors have made their closures very distasteful with the lack of marketing to their consumers. Not even a press release on their website to probably explain the matter and what fate awaits the programming on these channels. 

As these channels play an important role in their respective packages and were one of the few reasons anyone would latch on to their consumers. With their inevitable demise,  MultiChoice risks losing more DStv consumers and revenue. 

Amidst these inflated prices, MultiChoice had promised their Compact Plus consumers a rebranded offering. This would see one of their current entertainment channels convert into open window for Showmax originals alongside third party content.

Seeing as it will not launch immediately after 1Magic and Me would depart from several consumers. The channel would have lost an audience as the only means of survival for this brand would be extending its reach to more DStv consumers. 

Not much details has shared on whether the channel would replace Me or if select shows would be accessible on the channel. With the amount of content coming from Showmax not much space would be available to accompany M-Net's existing offering.

Although some programming from Me such as Chicago Med and The Equalizer can be accessible on Universal TV they're lagging behind by several seasons from Me. Aside from that, they haven't obtained nor have plans to broadcast Chicago Fire.

Patrice MotsepeIs In Talks To Join Canal+ In A Bid To Acquire MultiChoice Group

Billionaire Patrice Motsepe is in talks with Groupe Canal+ to join the French broadcaster’s multibillion-dollar bid for broadcaster MultiChoice Group, according to people familiar with the matter.

Bringing South Africa’s richest black man into the deal would likely help the French media conglomerate meet the country’s stringent black ownership requirements, said the people, who asked not to be identified as the information is still private.

Representatives for both Canal+ and Motsepe’s investment company, African Rainbow Capital, declined to comment. Discussions are at an early stage and there is no guarantee that an agreement will be reached, said the people.

Canal+ has built up a holding above 35% in MultiChoice, South Africa’s biggest pay-TV group, triggering a mandatory takeover offer. If the Vivendi Group-owned French broadcaster can navigate the country’s limits on foreign media ownership, it will gain greater access to African markets, home to the world’s fastest-growing and youngest population.

Canal+ is expected to make a formal offer for MultiChoice at R125/share, valuing the company at about R55-billion, before 8 April for consideration by the board’s independent members, said the people. The French company had pushback from MultiChoice on its earlier offer of R105/share.

Formed in South Africa in 1985, MultiChoice expanded across Africa in the early 1990s with packages including live English football matches and local shows. The company was spun off from Naspers in 2019. It also owns Showmax, the popular video streaming service and Netflix rival.

Vivendi aims to combine its local Canal+ operations with MultiChoice, creating a group with almost 50 million subscribers and resources to invest more in local content and sports.  

Credits: Bloomberg and TechCentral

BOMBSHELL. WildEarth Goes On A Rant And Exposes Lucrative Business Deal With MultiChoice's DStv

During the week, it was mentioned by WildEarth's CEO that they have made numerous attempts to in securing carriage fees for their channel on DStv. Following unsuccessful attempts, the company is looking to take their channel off DStv by the end of April.

The only way WildEarth can remain on the DStv platform would be for MultiChoice to pay for the channel and not vice versa.

Earlier the company had mentioned that MultiChoice would rather pay for National Geographic and National Geographic Wild. But through ongoing interaction with viewers some minor details had been revealed about their agreement with DStv.

Here’s a little David and Goliath story - although at this point, it is difficult to see how David is not going to get...

Posted by Wildearth on Tuesday, March 26, 2024

On top of their financial woes, WildEarth has been paying MultiChoice to keep the channel on air. For 4 straight years, WildEarth on top of generating some ad revenue had to split part of those earnings to keep their space on DStv and cover other expenses. 

Taking to account such deals are not unlawful but haven't proven to be favorable either. It's like running your own website where the publisher (DStv) offers ad platforms (WildEarth) a space to promote in exchange for money with ad platforms getting exposure.

Based on circumstances, it's "likely" WildEarth approached MultiChoice and only agreed to this as they were hoping to salvage more out of this. Not a lot of people were familiar with the brand as seen with flagship show SafariLIVE it seems like the only logical conclusion. 

Another would be that MultiChoice positioned WildEarth as a business type channel as seen with former channels VOOV and TV Mall.

MultiChoice had agreed to carry WildEarth as a pop-up channel initially under those terms. Based on figures opted to continue this agreement while WildEarth running on the platform was hoping to join the league of Warner Bros. Discovery and BBC Studios. 

Donate to WildEarth: click here 

Petition to keep WildEarth on DStv: click here 

Reminder: M-Net's Me And 1Magic Alongside Ginx eSports TV Will Close On DStv From 31 March 2024 (Schedule Attached)

MultiChoice will be axing M-Net's 1Magic and Me alongside Ginx eSports TV from the DStv platform by the end of March. This would bring the number of scrapped TV channels on the platform to nine joining B4U Movies and People's Weather which exited a month prior. 

Another brand looking to exit DStv soon is WildEarth as both parties failed to reach new agreement. Since then, a petition has been going around to keep it on DStv with the channel seeking donations as they've been going through financial woes.

1Magic

1Magic will end its run with the female led drama Lee Daniel's Star at 23:55 and from what we've seen most shows within that week would end to their climax. With a few exceptions such as Lockdown seeing as those are basically repeats.

According to the pay-tv company, further content from 1Magic would be available on the remaining M-Net channels. That would mean those currently watching 1Magic would have to revert their focus to Mzansi Magic for further content currently viewed on Showmax. 

Unlike most items on the list, MultiChoice had promised to supplement 1Magic with another TV channel known as Channel X. It has no relation to Elon Musk but will base their lineup and identity on Showmax as the revamped streamer also trademarks an X.

Me

Me will ends its run with reality based series The Real Housewives Of Atlanta based from The Real Housewives franchise at 23:10. Most shows within this week would reach their climax including M-Net originals Reyka and Recipe For Love And Murder.

According to the pay-tv company, further content from Me would be available on the remaining M-Net channels. That would mean those watching Me would need DStv Premium to watch the latest international and locally produced content on M-Net.

Although some of the entertainment like Chicago Med and The Equalizer is available on Universal TV with Young Sheldon on Comedy Central. These channels are lagging behind with one of two not having an estimated timeframe on new episodes. 

It's currently unknown whether Me will fold under Channel X or the pay-tv company will look find other means for compensation.

Ginx eSports TV 

Ginx eSports TV will end its run with The Games That Made Me at 23:00. Despite SuperSport handling distribution rights and other technical aspects of the brand, current seasons of programs won't be completed with other portions being repeats.

Unlike the other two, MultiChoice doesn't offer an alternative offering to Ginx eSports TV this leaves WWE as the only sports brand to be grouped under general entertainment section of their platforms. 

WildEarth To Cutback On Live Shows Following Its Possible Exit On MultiChoice's DStv

WildEarth is an interactive wildlife channel which brings viewers closer to nature with live safaris within the hotspot of Africa. Founded in 2007 by Graham Wallington and Emily Wallington, WildEarth has developed a global community of viewers.

Not long ago, it was reported that WildEarth would be looking to take their channel off DStv by the end of April. This comes months after the channel's current CEO was negotiating with MultiChoice over adding carriage fees to the channel.

As some readers are aware, WildEarth hosted a live event where several notable figures were briefing audiences on the future of the brand. Aside from the departure from DStv, they are looking to no longer offer any live content and transition to short form.

This means shows like Sunrise Safari and Sunset Safari will continue to exist but will be pretaped. On top of that airtime for these shows will be further reduced as they try to offer more short form content as they eyeing potential deals who feel the offering is lacking. 

SafariLIVE was one of their signature shows and what helped them garner an online presence. For that to be minimized or possibly scrapped, consumers are led to wonder if this would bring about its end on YouTube where part of their content resides.

They are looking to film some of these shows in other countries as opposed to limiting their stance in South Africa and Kenya. Of course, they'll need further donations to remain on the air and get some of this content of the ground. 

If you're interested in donating: click here

If you're looking to save WildEarth from being removed on DStv: click here

With WildEarth looking to add more variety to their lineup and eyeing potential deals. Some of this content will likely be deprived from consumers if not minimized something that wasn't discussed as much.

Channel Closure: WildEarth Will Stop Airing On DStv By The End Of April, Freeview And ROKU Might Follow Soon

WildEarth is an interactive wildlife channel which brings viewers closer to nature with live safaris within the hotspot of Africa. Founded in 2007 by Graham Wallington and Emily Wallington, WildEarth has developed a global community of viewers.

Since December, the channel's future in Africa came into question after WildEarth uploaded a survey which would help determine if the channel should remain aboard the DStv platform. At the time, the channel didn't share any of their findings on the matter.

This past weekend, WildEarth held a live event which was accessible on YouTube. It was there were more details about their survey had come forward. 

According to the surveys, WildEarth serves as one of the top 3 favourite channels by 76% of its viewers with 90% voting it as one of their favourite local channels. Despite the positive reception, the channel is not able to retain its position on DStv.

Andre Crawford, the current CEO of WildEarth had been engaging conversation with MultiChoice to try and recieve payment for the channel. Unfortunately, they couldn't come to an agreement with the channel looking to exit DStv by the end of April.

WildEarth has been struggling to sustain itself within the current economic climate where platforms like Netflix and TikTok reign supreme. With that in mind, they're look to restructure their business model in the coming months in order to stay afloat. 

If you're interested in donating: click here

Following news of its possible closure on DStv, a viewer had created an online petition which not only requires them to get compensated but keeps them on the air for the foreseeable future: click here for the petition. 

Should MultiChoice not come to a new agreement with WildEarth, this would be the 10th TV channel to have exited their platforms. It would join M-Net's Me and 1Magic alongside Ginx eSports TV channels which had exited a month prior. 

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Could PBS Kids Be The Next Channel To Exit The DStv And GOtv Platform?

PBS Kids is an American based children's brand operated by PBS Distribution. Ranked as the #1 educational brand, it invites parents and children to experience this trusted content that helps children learn and grow through shows like Arthur, WordWorld and Molly Of Denali.

The channel was made available in Africa by 2019 and since last year remains the only international market following its departure from Australia. This was after MultiChoice added various content exclusively to DStv Stream as part of an experiment.

This was the feedback given by MultiChoice after adding content from PBS Kids in 2018:

"We received a lot of positive feedback from our viewers when PBS Kids was made available on DStv Now [now DStv Stream] and our parents appreciate the fact that DStv is providing the kind of kids' programming that will help to make them classroom ready, while also keeping them entertained".

Foxtel had opted to discontinue carriage of the channel in Australia two years after it launched in Africa based on performance and popularity of its content. Since then, consumers were recommended to browse shows on Cartoon Network and CBeebies. 

MultiChoice had cutback or lost at least 9 nine TV channels in under 3 months including Emmanuel TV, B4U Movies and People's Weather. No new channels were launched and none of these affected brands were replaced.

Although PBS Kids has brought fun and engaging content, the channel hasn't been productive in terms of new programming. The inclusion of PBS Kids had contributed to MultiChoice's boost in educational content with Moonbug and Da Vinci Kids. 

ROK's Future In Doubt As Canal+ Seeks To Buy Parent Company Of Africa Magic

During the 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, Canal+ owns various properties in parts of Europe and Africa. Some of which clash with MultiChoice's current offering and should Canal+ succeed in their takeover of the pay-tv company various changes could await the content. 

In this instance, Canal+ owns Nigerian film company ROK Studios who manage the ROK channels currently viewed on DStv. The company was founded by Mary Remmy Njoku in 2013 before folding under the Canal+ company by 2019.

For several decades, MultiChoice has operated Africa Magic which serves as a rival offering to ROK Studios with its own lineup of original content. Should the acquisition move forward these two could merge into one entity since they'll be managed by one entity. 

Another would be a potential sale of ROK Studios as a means to keep Africa Magic intact for the foreseeable future. These brands have a lot of history and consumers aren't open to the reality of their assets being merged. 

One thing that comes to mind as a means to keep both brands intact is a restructuring to their demographic. ROK Studios could transition into a youth oriented brand as seen with the likes of 1Magic while Africa Magic caters to millennials and other audiences.