Showing posts with label Warner Bros. Discovery. Show all posts
Showing posts with label Warner Bros. Discovery. Show all posts

Canal+ Inks New Agreement With Warner Bros. Discovery For It's Operations In Europe And That Of MultiChoice In Africa

MultiChoice owner Canal+ and Warner Bros. Discovery have announced that they have signed a multi-year, multi-territory agreement.

“This expanded agreement covers both the distribution of HBO Max and the renewal of several Warner Bros. Discovery thematic channels across numerous regions in Africa and Europe,” Canal+ stated.

This resolves the uncertainty over 12 DStv channels that would have gone dark at midnight, had Canal+ not secured a renewed channel carriage agreement with Warner Bros. Discovery.

Home Box Office (HBO), a longtime partner of MultiChoice and the inspiration for the original M-Net channel, is part of Warner Bros. Streaming.

HBO is home to hit franchises and shows such as Game of Thrones, Band of Brothers, The Sopranos, The Wire, Sex and the City, Veep, Six Feet Under, True Blood, and The Last of Us.

Warner Bros. Discovery also owns DC Comics, the film rights to the Wizarding World of Harry Potter, and New Line Cinema, which is known for its Lord of the Rings movies.

The company is currently in acquisition talks with Netflix and Paramount Skydance, with Bloomberg reporting Tuesday night that Warner Bros. is expected to reject Paramount’s offer next week.

Amid the trillion-rand corporate action, Canal+ and Warner Bros. Discovery were negotiating an agreement to replace one it had with MultiChoice, which expires at midnight.

Canal+ and Warner Bros. Discovery said their new agreement marked a major milestone in the development of their collaboration on an international scale.

“It builds on the landmark agreements concluded in France in 2024 — including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France.”

The deal also includes the integration of HBO Max within select Canal+ group offers, with the renewal of the distribution agreement for 22 thematic channels and 4 free-to-air channels.

Canal+ confirmed that the agreement includes the renewal of the distribution of 12 Warner Bros. Discovery thematic channels across MultiChoice Group territories, with some offered exclusively.

The channels concerned are:

• CNN International and Cartoon Network — exclusively in South Africa, and non-exclusively in other territories.
• Cartoon Network Porto — exclusively in Angola and Mozambique, and non-exclusively in other territories.
• Cartoonito, Cartoonito Porto, Discovery Channel, Discovery Family, Real Time, ID, TLC, HGTV, Travel, TNT Africa, Food Network — non-exclusive.

“This agreement enables Canal+ group to strengthen its entertainment, kids, news, and documentary channel offering in African markets,” it said.

Canal+ said its partnership with Warner Bros. Discovery is also being extended and strengthened in Europe through several strategic renewals and expansions. These include:

• Renewal of Cartoon Network, Cartoonito, and CNN International in Romania, Hungary, the Czech Republic, and Slovakia.
• Renewal of Warner TV in the Czech Republic.
• Renewal of HBO Max, HBO, and Cinemax in Poland, the Czech Republic, Slovakia, Hungary, and Romania.
• Expansion of HBO Max distribution via Canal+ to two new key territories: Belgium, and Austria.

“This agreement enhances access for Canal+ group subscribers to Warner Bros. Discovery’s iconic content via HBO Max and select channels,” it said.

“The access includes premium series and films that contribute to the studio’s international reach.”

Dark Days Could Be Lurking For TNT Africa

As advised, MultiChoice will be shuttering Warner Bros. Discovery's 12 channels on the DStv platform due to pricing problems. Channels like Food Network qnd Discovery Family will cease to exist in Africa as MultiChoice was the only provider for them.


Another channel that could be joining Food Network and the other channels in a not so distant future would be TNT.


TNT is ranked as the #1 international movie channel in Africa offering action based films and various content from wrestling promotion AEW. It was only last year when StarTimes opted to discontinue carriage of the channel for similar reasons.


Unlike Cartoon Network and a fleet of channels that are packaged on StarTimes, Zuku TV and Azam TV. The only other means of viewing TNT would be through Canal+ Afrique's operations in Rwanda.


The problem part, Canal+ Afrique and MultiChoice are owned by the same company meaning TNT Africa's days in the market could be numbered. It's less likely to be revived on another platform as StarTimes and the latter already have alternatives in place.


Unlike Cartoon Network and TLC where the content can't simply be replaced with an alternative. Outside of AEW, TNT uses the same catalogue as ST Movies, Studio Universal and M-Net Movies.

How Azam TV And Canal+ Afrique In Rwanda Are Impacted By DStv's Closure Of Cartoon Network And Cartoonito?

With a few days left in 2025, Warner Bros. Discovery and MultiChoice are set to close 12 channels on DStv and GOtv platforms across Africa by 31 December. Talks between the two have stalled due to pricing and might continue into 2026.


This means DStv consumers will be losing out on shows like Teen Titans GO!, Bugs Bunny Builders and Mr. Bean. Whatever alternatives MultiChoice's new owners have in store is less likely to include these shows from Cartoon Network and Cartoonito.


Cartoon Network would be exiting DStv platform after 30 years serving as one of 15 channels alongside CNN and Travel Channel when DStv launched in the market.


As advised, the exit of Cartoon Network means the only other way consumers can view the brand would be through Azam TV which is located in East Africa and Canal+ Afrique in Rwanda.


The problem part is that majority of Cartoon Network and Cartoonito's consumers were on DStv meaning most of their revenue resided with MultiChoice. If that space is closed, Warner Bros. Discovery will most definitely scale back on its operations.


Cartoon Network had been dubbing Teen Titans GO! and The Wonderfully Weird Of Gumball to Zulu that could as well get the boot. They had produced local series like Woola for Cartoonito which too is at risk of cancellation.


MultiChoice's cancellation of these brands could impact Canal+ Rwanda's existing agreement seeing as they're both divisions of Canal+. Warner Bros. Discovery might not deem Africa as viable for these networks with only Azam TV.


If Warner Bros. Discovery were to charge more to Azam TV, they may follow the same strategy as MultiChoice and severe its ties.


This is why the new management at MultiChoice doesn't feel threatened by their possible exit as the only other means for Regular Show would be streaming. Compared to South Africa, there's a lot of constraints to that in other parts of Africa.

Four Channels Facing Bigger Risk Of Extinction Within MultiChoice And Warner Bros. Discovery Dispute

With only a few days left in 2025, MultiChoice and Warner Bros. Discovery have yet to come into an agreement over the fate of its 12 channels. These include Discovery Channel, TLC, TNT, Cartoon Network, Cartoonito, CNN, Travel Channel and HGTV.


If these channels were to go dark for instance, consumers in South Africa would have no other means of viewing them. As opposed to other markets with StarTimes, Zuku TV and Azam TV supplying some of these channels in a separate agreement.


For Discovery Channel, Investigation Discovery, CNN, TNT, TLC, Real Time and Cartoon Network and Cartoonito. With them being on other platforms within Africa means normal viewing is expected to resume once they go dark on DStv.


As opposed to Food Network, HGTV, Travel Channel and Discovery Family that will have to see Warner Bros. Discovery reshuffle their portfolio and reschedule/delay shows. This is because MultiChoice was the only provider willing to bundle them despite the costs.


Most other providers rely on Discovery Channel and Real Time for the batch of shows on these channels including Ugliest House In America, Harry Potter: Wizards Of Baking and The Kitchen.


MultiChoice now under French management has been scaling back on costs with the cancellation of Philly's Games and World Darts Championship on SuperSport. It's likely that the ongoing talks with Warner Bros. Discovery will see their linear operations reduced.


Canal+ following its acquisition of MultiChoice had lost another million subscribers between March 2024 to March 2025 which is where part of their income reside. With fewer subscribers, MultiChoice won't be able to maintain the current DStv structure.


If these two parties do come to an agreement expect a streamlined portfolio which could as well result in the closure of Travel Channel and Discovery Family. In regards to the fate of Dead Files that may not be a priority if the viewership doesn't justify the means.



DStv Blackout Seems More Imminent As Renewal Talks Between MultiChoice And Warner Bros. Discovery Are Underway

With only a few days left into 2025, MultiChoice and Warner Bros. Discovery have yet to reach an agreement regarding Cartoon Network and TLC. Consumers would have spotted this message informing them these channels might go dark soon.

Canal+ following its acquisition of MultiChoice had been scaling back on costs and at this point consumers shouldn't be remotely shocked if we were to see a total blackout of these 12 channels.

These channels are bundled so even if MultiChoice wanted to retain a few channels that's not possible at this stage. So letting these brands die out would give them an open window to negotiate a new agreement where a few channels get reinstated.

MultiChoice had already planned their next step as talks ensue this includes fliekNET and various pop-up channels. DStv Upsize special which was scheduled to end on 31 December 2025 had been pushed up a month later to 31 January 2026.

Cartoon Network and Cartoonito have a 49% market share for kids viewing on DStv making them stronger candidates to get revived. Followed by TNT and TLC as they rank #1 in their current fields being international movies and lifestyle.

News isn't as big of a trailblazer in pay-tv circuit but CNN has massive following I can only assume it would be the fifth channel.

Paramount is closing CBS Justice by the end of December in its joint venture with AMC Networks International alongside CBS Reality. Maybe Discovery Channel and Investigation Discovery could come in sixth and seventh place.

But what is clear here is that MultiChoice is one of Warner's largest investors in Africa. With a Netflix sale and potential spinoff, the company housing these brands faces a lot of uncertainty so they would need a MultiChoice deal to avoid low revenue.

MultiChoice has been losing subscribers in recent years and they'll need to continue offering Beat Bobby Flay and Tiny Toons Looniversity to avoid a massive downfall to their pay-tv business. 

Could Canal+'s MultiChoice Give HGTV The Boot?

With only a few days left in 2025, MultiChoice and Warner Bros. Discovery have yet to come into an agreement over the fate of its 12 channels. These include Discovery Channel, TLC, TNT, Cartoon Network, Cartoonito, CNN, Travel Channel and HGTV.

If these brands do get removed from DStv, some brands like Discovery Family for instance is less likely to resurface on another platform. As I mentioned, further content is on Discovery Channel.

There's also a possibility that this may extend to include HGTV.

HGTV was launched in South Africa by July 2019 and since it's inception it isn't viewable in most parts of Africa in which MultiChoice operate. Part of the reason is similar to what happened to BBC Earth's operations in these markets - it was just not viable at the time.

Now that Canal+'s is looking to slash costs at the company it's very likely that if a new agreement is reached some brands may not form part of this offering. In this case, it could as well be HGTV not because of consumer preferences but cost cutting.

MultiChoice had lost close to 3 million subscribers in the past two years and as a result they're operating income had plummeted.

Under previous management, they would have fought for HGTV but under Canal+ pricing is another factor. And if HGTV were to shutter it's less likely that StarTimes would snatch those rights and they could as well opt for alternatives e.g. Real Time.

Discovery Family's Uncertain Future On DStv

As some already know, MultiChoice might be losing an additional 12 channels by 31 December 2025 as Paramount looks to axe BET, MTV Base, CBS Reality and CBS Justice. Warner Bros. Discovery for about a month now has been trying to find a resolution.

If these two aren't able to reach an agreement, consumers will be missing out on Death By Fame, Still A Mystery and Looney Tunes Cartoons. Unlike Cartoon Network and TNT that are viewed on Canal+ Afrique and Azam TV in other African hits the cuts will have a major impact on Discovery Family.

Since the channels exit on StarSat in 2021, MultiChoice was the only provider within Africa to offer the brand. If these channels were to shut down its very unlikely that another broadcaster would revive Discovery Family.

As MultiChoice outlines that talks between Warner Bros. Discovery are still ongoing as they haven't come into an agreement over the pricing. But as seen with past disputes such as that of A+E Global Media with History and Lifetime it's likely that more channels could exit soon.

Discovery Family could form part of those cuts cause ever since Discovery Science was axed in most parts of Europe. The channel had been leaning it's offering toward Discovery Channel and reruns of older shows making it feel zombified.

If MultiChoice was paying Warner Bros. Discovery half a billion for these 12 channels I'd imagine under the Canal+ regime they likely want to pay less. As MultiChoice has lost close to 3 million DStv subscribers and they've been slashing costs.

Canal+ could opt for a partial renewal where the only thing left of the company would be TLC, Discovery Channel, Cartoon Network, Cartoonito and CNN. Everything else from Discovery Family, Food Network, Travel Channel and HGTV go dark by 2026.

With the likes of Netflix, MultiChoice should have worked on becoming more flexible rather than bundling all these brands (e.g. Travel Channel) that are likely getting very little notice from subscribers.

Under new management, MultiChoice is probably looking at the performance of these brands to see whether they're viable. For all anyone knows, Food Network, HGTV, Discovery Family and Travel Channel could as well be reduced to just Real Time.

Starz Placed $25 Billion Bid For All Of Warner Bros. Discovery’s Cable Networks Including Cartoon Network And TLC

Starz put in a $25 billion bid for all of Warner Bros. Discovery’s cable networks and 20% of its studio and streaming businesses last month, TheWrap has learned, acting as a dark horse contender for an asset most companies bidding on the entertainment company were not interested in.

Warner Bros. Discovery revealed in a filing with the U.S. Securities and Exchange Commission that a previously undisclosed company — labeled “Company C” in the filing — put in the $25 billion all-cash bid on its Nov. 20 deadline. It also proposed a 90-day exclusivity period, which Netflix, Paramount Skydance and Comcast (labeled “Company A” in the filing) did not.

That company was Starz. While the WBD board considered all the bids on Nov. 21, it found that Company C’s bid was “not actionable at that time” and responded to the top three bidders on Nov. 22.

Puck first reported the news.


The filing also revealed more details about Netflix’s and Paramount’s efforts to purchase some or all of WBD, as the companies publicly advocate for their bids to WBD’s shareholders. Netflix and WBD entered into an exclusive arrangement for the streamer’s $82.7 billion bid for the studio and streaming businesses, while Paramount has mounted a $30-a-share hostile takeover bid for the entire company. WBD on Wednesday rejected Paramount’s latest offer.

A Starz spokesperson declined to comment. Starz CEO Jeff Hirsch previously told TheWrap that he wanted his company to be “additive” to networks he believed were too linear-focused in a digital age.

“There’s a lot of networks out there today that are marooned on the linear side and don’t have technical capabilities to do what we’ve done,” he said in May after Starz completed its spin-off from Lionsgate. “We think we can be very additive to content that is stuck on the linear side to give them a digital future.”

Starz reported a $53 million loss in its third quarter, missing Wall Street expectations, and revenue dropped 8% to $320.9 million. It reported a loss of 130,000 U.S. subscribers for a total of 17.5 million, driven mostly by linear subscribers’ cord-cutting. Linear subscribers also dropped by 24o,000 to 5.17 million while it saw a streaming increase of 110,000 U.S. subscribers for a total of 12.3 million.

Still, Hirsch teased the possibility of venturing into the M&A space during its third-quarter call in November, a week before the company reportedly placed its bid for WBD’s cable networks.

“With a potential for increased consolidation across the media landscape, we believe that we are uniquely positioned to capitalize on potential M&A opportunities,” Hirsch said. “Given our track record of profitability converting our business from linear to digital and our industry-leading tech stack, we are positioned to increase our scale as assets that are strategically valuable to Starz become available.”

The company reportedly found its first target last month when it expressed interest in A+E Global Media, the parent company of networks such as Lifetime and the History Channel.

Warner Bros. Discovery Rejects Paramount's $108 Billion Bid For The Company

Warner Bros. Discovery still isn't interested in Paramount Skydance's offer.

Paramount's latest bid "is inadequate, with significant risks and costs imposed on our shareholders" compared to Netflix's bid, which "represents superior, more certain value for our shareholders," said Samuel Di Piazza, the chair of WBD's board of directors, in a statement to shareholders on Wednesday morning.

In a letter to shareholders, WBD's board recommended that shareholders reject Paramount's all-cash bid of $30 per share in favor of Netflix's cash-and-stock offer. Paramount wants to buy all of WBD, including its cable channels, while Netflix's bid of $27.75 per share is for WBD's studio, HBO, and HBO Max. A key difference between the two bids revolves around the value of WBD's TV networks, such as CNN and TNT, which Netflix isn't interested in buying.

Di Piazza said that Paramount's seventh proposal "once again fails to address key concerns that we have consistently communicated," including about Paramount's financing.

Paramount has said its bid is fully backstopped by Larry Ellison, one of the richest people in the world and father to Paramount CEO David Ellison. The WBD board said in the letter to shareholders that it relies "on an unknown and opaque revocable trust" whose assets or liabilities are subject to change.

Meanwhile, Netflix is paying with cash and stock. Its shares have fallen recently but surged more than 600% from mid-2022 to mid-2025. Netflix has a market cap of over $400 billion.

While Paramount has said that it would have an easier time securing regulatory approval than Netflix, the WBD board says it "does not believe there is a material difference in regulatory risk" between the two proposals.

The Ellisons are close to President Donald Trump. However, Netflix co-CEO Ted Sarandos has pitched the president on the deal and seems to have earned some respect. Trump has called Sarandos a "great person," though he added that the Netflix-Warner Bros. deal "could be a problem" on the regulatory front. Still, the president hasn't come out publicly in favor of one side in the deal.

WBD also said its board "repeatedly engaged" with interested parties, including the Ellisons. Paramount had previously said that WBD went quiet late in the bidding process.

Not even Paramount can be surprised by WBD's decision to stick with its Netflix deal.

David Ellison was overheard saying last week that if WBD's leadership were to "accept the offer exactly as it is today, right, then they're admitting breach of fiduciary duty," Business Insider previously reported.

That's because Paramount said its $30-per-share hostile bid was nearly identical to its previous offer to WBD. Public companies are obligated to act in the best interests of shareholders. So if WBD's board had changed its mind, it could have opened itself up to shareholder lawsuits.

WBD had said in a statement after Paramount's hostile bid that it would "carefully review and consider Paramount Skydance's offer" in a way that was "consistent with its fiduciary duties and in consultation with its independent financial and legal advisors."

Now that WBD's board has given Paramount the cold shoulder again, it's Ellison's move.

The aspiring media mogul told CEO David Zaslav that Paramount's latest offer wasn't its "best and final," which suggests that a higher bid could be coming. Just how much appetite Paramount has to escalate the bidding war is the key question.

If no higher bid comes, WBD's investors have until January 8 to back Paramount, though it could extend that deadline. WBD would owe Netflix a $2.8 billion reverse breakup fee if its shareholders chose Paramount.

Read the full letter to shareholders here:

Dear Fellow Shareholders,

As your Board of Directors, we are committed to acting in your best interest. In this spirit, in October, we launched a public review of strategic alternatives to maximize shareholder value. This followed three separate proposals from Paramount Skydance ("PSKY"), as well as interest from multiple other parties.

That thorough process, overseen by the Board with the assistance of independent financial and legal advisors, as well as our management team, led to the company entering into a merger agreement with Netflix on December 4, with the substantial benefits to WBD shareholders described below. Having failed to submit the best proposal for you, our shareholders, PSKY launched an offer nearly identical to its most recently rejected proposal.

As a Board, we have now conducted another review and determined that PSKY's tender offer remains inferior to the Netflix merger. The Board continues to unanimously recommend the Netflix merger, and that you reject the PSKY offer and not tender your shares.

Below, and in more detail in our 14D-9 filing, we highlight the many reasons for the Board's determination. None of these reasons will be a surprise to PSKY given our clear, and oft-repeated, feedback on their six prior proposals.

The terms of the Netflix merger are superior. The PSKY offer provides inadequate value and imposes numerous, significant risks and costs on WBD.

The value we have secured for shareholders through the Netflix merger is extraordinary by any measure.

Our agreement with Netflix gives WBD shareholders $23.25 in cash, plus $4.50 in shares of Netflix common stock (based on a collar range of $97.91 - $119.67 in the Netflix stock price at the time of closing), plus the additional value of the shares of Discovery Global and the opportunity to participate in future potential upside following Discovery Global's separation from WBD. The entire Board is confident in our recommendation that Netflix represents the best value-creating path for shareholders.

PSKY has consistently misled WBD shareholders that its proposed transaction has a "full backstop" from the Ellison family. It does not, and never has.

PSKY's most recent proposal includes a $40.65 billion equity commitment, for which there is no Ellison family commitment of any kind. Instead, they propose that you rely on an unknown and opaque revocable trust for the certainty of this crucial deal funding. Despite having been told repeatedly by WBD how important a full and unconditional financing commitment from the Ellison family was — and despite their own ample resources, as well as multiple assurances by PSKY during our strategic review process that such a commitment was forthcoming — the Ellison family has chosen not to backstop the PSKY offer.

And a revocable trust is no replacement for a secured commitment by a controlling stockholder. The assets and liabilities of the trust are not publicly disclosed and are subject to change. As the name indicates, revocable trusts typically have provisions allowing for assets to be moved at any time. And the documents provided by PSKY for this conditional commitment contain gaps, loopholes and limitations that put you, our shareholders, and our company at risk.

Amplifying the concerns about the credibility of the equity commitment being offered by PSKY, the revocable trust and PSKY have agreed that the trust's liability for damages, even in the case of a willful breach, would be capped at 7% of its commitment ($2.8 billion on a $108.4 billion transaction). Of course, the damage to WBD and its stockholders were the trust or PSKY to breach their obligations to close a transaction would likely be many multiples of this amount.

WBD's merger agreement with Netflix is a binding agreement with enforceable commitments, with no need for any equity financing and robust debt commitments. The Netflix merger is fully backed by a public company with a market cap in excess of $400 billion with an investment grade balance sheet. The debt financing for the PSKY bid relies on an unsecure revocable trust commitment as well as the credit worthiness of a $15 billion market cap company with a credit rating at or only a notch above "junk" status from the two leading rating agencies. The financial condition and creditworthiness of PSKY, which, if its proposed transaction were to close, would have a high gross leverage ratio of 6.8x 2026E debt to EBITDA with virtually no current free cash flow generation before synergies, raise substantial risks for its acquisition of WBD. Such debt levels reflect a risky capital structure that is vulnerable to even potentially small changes in the PSKY or WBD business between signing and closing.

Additionally, PSKY contemplates $9 billion in synergies from the mergers of Paramount/Skydance and their offer for WBD. These targets are both ambitious from an operational perspective and would make Hollywood weaker, not stronger.

The Board's review was full, transparent and comprehensive — establishing a level playing field that fostered a rigorous and fair process.

The Board repeatedly engaged with all parties, including extensive engagement with PSKY and its advisors over the course of nearly three months. We held dozens of calls and meetings with its principals and advisors including four in-person meetings and meals between David Zaslav and David and/or Larry Ellison and provided multiple opportunities for PSKY to offer a proposal that was superior to those of the other bidders, which PSKY never did.

After each bid, we informed PSKY of the material deficiencies and offered potential solutions. Despite this feedback, PSKY has never submitted a proposal that is superior to the Netflix merger agreement.

Despite PSKY's media statements to the contrary, the Board does not believe there is a material difference in regulatory risk between the PSKY offer and the Netflix merger.

The Board carefully considered the federal, state, and international regulatory risks for both the Netflix merger and the PSKY offer with its regulatory advisors. The Board believes that each transaction is capable of obtaining the necessary U.S. and foreign regulatory approvals and that any difference between the respective regulatory risk levels is not material. The Board also notes that Netflix has agreed to a record-setting regulatory termination cash fee of $5.8 billion, significantly higher than PSKY's $5 billion break fee.

The PSKY offer is illusory.

The offer can be terminated or amended by PSKY at any time prior to its completion; it is not the same thing as a binding merger agreement. The first paragraph of the offer states it is "subject to the conditions set forth in this offer to purchase (as it may be amended or supplemented from time to time)" and continues on the next page, "we reserve the right to amend the Offer in any respect (including amending the Offer Price)". In addition, the offer is not capable of being completed by its current expiration date, due to the need for, among other things, global regulatory approvals, which PSKY indicates may take 12-18 months. Nothing in this structure offers WBD shareholders any deal certainty.

The PSKY offer provides an untenable degree of risk and potential downside for WBD shareholders.

There will be additional costs associated with PSKY's offer that could impact shareholders.

When considering the PSKY offer at this juncture, it is important to note that its acceptance could incur significant additional costs to shareholders — all of which PSKY has ignored in their communications. WBD would have to pay Netflix a $2.8 billion termination fee, which PSKY has not offered to reimburse. In addition, WBD would incur approximately $1.5 billion in financing costs if we do not complete our planned debt exchange as agreed to with certain of our debtholders, which would not be permitted by the PSKY offer. This additional $4.3 billion in potential costs represents approximately $1.66 per share to be borne by WBD shareholders if the offer does not close.

We look forward to moving ahead with our combination with Netflix and delivering the compelling and certain value it will create for shareholders. We urge you to carefully read the 14D-9 filed with the SEC this morning and available on our website, which more fully details the strategic review process and the Board's reasons for its recommendation to you.

Sincerely,

The Warner Bros. Discovery Board of Directors

From Kartoon Channel To DocuBox: Could MultiChoice Be Eyeing These As Potential Suitors For Cartoon Network And Discovery Channel?

As some consumers have heard, MultiChoice might be removing TNT alongside Warner Bros. Discovery's other TV channels on DStv. It does appear like a probable scenario as the DStv Upsize promotion had been extended until 31 January 2026.

It's likely we'll start the new year with 16 less channels and DStv Upsize promotion is expected to serve as a distraction. But consumers on the high end packages to family won't handle the potential losses without a fight.

Warner Bros. Discovery had stated that 49% of kids viewing on DStv comes from Cartoon Network and Cartoonito. They also operate the #1 movie channel and #1 lifestyle channel making MultiChoice's situation complicated.

Now under French hands, MultiChoice had stated that they are more than willing to fill the entertainment gap. But the media is kind of skeptical about how they'd replace Cartoon Network and TLC.

As mentioned, MultiChoice is under the management of French giant Canal+. They operate their own production company StudioCanal, Dailymotion their video sharing app and have pay-tv services in Europe and Asia.

You can only assume some of these alternatives MultiChoice seemed to be hinting at must come from corporate's operations within these markets.

For Cartoon Network, only two options would come to mind the first would an anglophone version of Canal+ Kids. In most markets in which Canal+ operate in they do have a dedicated children's network and in some way this would mark M-Net's re-entry in the kids space.

Second option would be the Kartoon Channel which houses classic shows like Dennis The Menace, Inspector Gadget and Dino Squad alongside other animated shows like Superhero Kindergarten and Rainbow Rangers.

For Cartoonito, MultiChoice might as well reintroduce ZooMoo to the lineup after launching it as a pop-up channel in 2020. It was described as a wildlife channel offering a mixture of educational and entertaining programming.

Another comes from Disney and has been viewed as an afterthought to the brand following its acquisition of 20th Century Fox, Baby TV.

For TNT, there's FilmBox Africa from Netherlands's SPI International in which Canal+ had acquired. It is described as a complementary movie channel with genres ranging from adventure, action, drama and romance, it also offers international series.
 
For Discovery's cable networks, several brands do enter the equation for this one.

There's the Amsterdam based entertainment group Insight TV that specializes in real-life, story-driven content, focusing on genres such as action sports, lifestyle, adventure, and science & technology. It comprises of several linear channels like Infast, Inwonder, Inwild and Intravel.

Viasat World, a Swedish based entertainment company creating, curating, and distributing content around the world. It brings history to life and tell nature’s greatest stories with brands like Viasat History, Viasat Explore and Viasat Nature.

Expanding from SPI International, DocuBox offers an unforgettable collection of fascinating, award-winning documentary features and TV programming exploring the mysteries and beauty of the planet.

Love Nature is a Canadian specialty television channel owned by Blue Ant Media. The channel broadcasts documentaries and television series related to wildlife and nature.

Travelxp is the world's leading travel channel, OTT platform which is based in India and the leading influencer for travel enthusiasts. It offers series focused on adventure, culture, heritage, cuisine, and global destinations.

For CNN, it would be the French based news channel France 24 that MultiChoice had been distributing in some African markets. It's headquarters may be in France but it also has news coverage from Africa particularly french speaking Africa.

MultiChoice Vs. Warner Bros.. Discovery: Who Is The Real Winner Here?

MultiChoice and Warner Bros. Discovery are at opposite ends of the rope when it comes to the fate of BBQ Brawls on Food Network and Mr. Bean on Cartoonito. One company following a buyout is trying to remove all its splinters while the other reaches uncertain times.

Consumers in summary feel a mixture of emotions some express fear regarding TLC's exit on the platform. If you're South African consumer, there really is no other means to catch Dr. Pimple Popper, Death By Fame or Bad Skin Clinic.

Others anger over the potential loss of Investigation Discovery and Discovery Family, Paramount will be closing CBS Reality and 3 other channels soon. These were suppose to be the few other means to watch detective shows and other factual content.

MultiChoice had already put up a notice to DStv consumers about the affected channels potentially closing on 31 December 2025. It should be noted that negotiations remain ongoing and as long as a comprise hadn't been reached its farewell to Cake Boss reruns.

All anyone can hope now is that an agreement can be reached as there's 19 more days into the year. I believe a comprise can be reached perhaps for select channels I mean MultiChoice can do without Discovery Family and Travel Channel.

But it should be noted that a comprise is in the interest for both companies.

For MultiChoice, the failure to renew this transaction would result in fast paced decline in DStv subscriptions. They can do without the extra weight (e.g. Travel Channel) but if you want to show consumers you care replace the affected channels.

For Warner Bros. Discovery, this is your biggest client in the African space and the loss of My Lottery Dream Home would affect your earnings. This comes at a time of an uncertainty as a portion of your brand might be folded under the letter "N".

MultiChoice had been seen as the biggest loser as consumers switch to online viewing but the part that deals with Food Network and CNN has been viewed by analysts as a failing business amidst cord cuts.

Termination Notice Has Been Issued Out To Cartoon Network And Discovery Channel Leaving Only TNT And Discovery Family On DStv

Yesterday, it was reported that MultiChoice and Warner Bros. Discovery "might" have settled their carriage dispute regarding the 12 channels and HBO's content on M-Net. This is because a few channels had a termination card and some didn't.

Now, MultiChoice had sent out channel termination notices for Cartoon Network and Discovery Channel leaving only Discovery Family and TNT. 

Negotiations between both parties are still ongoing so the fact that the batch to have gotten termination notices earlier doesn't mean an agreement can't be reached where they join the initial four. None of the messages list each individual channel so there's hope.

Of course several theories behind Cartoon Network's inclusion does enter the fray.

Firstly, MultiChoice's team has been incompetent for a while it's not news to any DStv customer so it's likely they took longer to add them.

But of course, when Paramount announced that BET and MTV Base alongside CBS Reality and CBS Justice in its joint venture with AMC Networks International were out the door. These notices were sent out simultaneously despite them not going dark at the same time.

It does lead some to wonder could a new agreement have been reached for the initial four and MultiChoice in its attempt to prevent a media debacle chose to now list Cartoon Network up for closure. I mean it wouldn't be the first time MultiChoice had tried scrubbing such info.

The news of those 8 channels possibly leaving DStv would anger a lot of DStv customers. But similar to the Cartoonito leak in 2023, MultiChoice and Warner Bros. Discovery probably want to address the elephant in the room - TLC and Food Network.

MultiChoice had stated they were open to replacing these channels and if an agreement had been reached. Could it be that some of this content will just resurface on a replacement as seen with Nickelodeon in New Zealand.

Its so possible that MultiChoice is more channels aside from TNT and Discovery Channel. Perhaps renewals for Food Network, Investigation Discovery and HGTV are taking a lot longer than anticipated again those are all theories.

DStv Customers Are Shocked And Utterly Disappointed By MultiChoice's Decision To Possibly Cancel TLC, HGTV And Food Network

MultiChoice and Warner Bros. Discovery might have settled their carriage dispute as 8 out of the 12 channels might be exiting DStv. These include TLC, Real Time, Investigation Discovery, Travel Channel, Food Network, HGTV, Cartoonito And CNN.

A termination notice had already been spotted for these channels and it as goes follows:

Dear viewer, please note this channel may no longer form part of our content line-up from 31 December 2025. Thank you.

The channels in question come as a shock to viewers like myself specifically for TLC as it's basically what Bravo is to NBCUniversal or MTV is to Paramount. But this was to be expected I mean Canal+ Afrique only distribute 5 channels from the brand including CNN.

I'd like to believe that more channels could end up joining Discovery Channel, Discovery Family, Cartoon Network and CNN. 

If you had to sum it up, several factors contribute to the possible demise of these brands firstly MultiChoice had implied renewing their agreement with the company had been deemed non-viable. This is where brands like Food Network and CNN factored in.

Another may have something to with their viewership particularly for the likes of Travel Channel. Canal+ is shedding costs at MultiChoice and one way would probably be phasing out niche and redundant brands.

As for the content, MultiChoice had stated they're more than willing to replace these channels which does lead us to wonder. Could these replacements perhaps carry shows like 90 Day Fiance and Evil Lives Here I mean it wouldn't seem far fetched.

Warner Bros. Discovery had run into similar issues in New Zealand and since then channels have come in place to carry this content. MultiChoice had done similar actions in the past with the likes of Animal Planet (under Real Time) and ITV Choice (under M-Net).

Developing Story: Channels Likely Remaining On DStv Include Cartoon Network, TNT, Discovery Channel And Discovery Family

As consumers have already heard, talks between MultiChoice and Warner Bros. Discovery regarding the carriage agreement for Cartoon Network and 11 other channels are on the line. MultiChoice sent a notice out earlier in the month about the pending disaster.

Since then, a petition had started to garner traction online from a concerned DStv subscriber and has since crossed the 300 milestone.

In recent developments, it appears that Cartoon Network, TNT, Discovery Channel and Discovery Family won't be leaving DStv. As a termination notice has only been sent out for TLC, HGTV and Warner's 6 other channels.

The message goes as follows Dear viewer, please note this channel may no longer form part of our content line-up from 31 December 2025. Thank you.

The fact MultiChoice states "may no longer" doesn't mean their fates are set in stone just yet but that some progress has already been established. This comprises of brands such as Cartoon Network, TNT, Discovery Channel and Discovery Family.

It's very likely that more channels could join the lineup but as of right now it appears MultiChoice will be removing 8 additional channels alongside the 4 channels by Paramount. They had recently extended the DStv Upsize promotion giving them ample time to resolve the matter.

Developing Story: Channels Likely Going Dark On DStv Include TLC, Real Time, Investigation Discovery, Travel Channel, Food Network, HGTV, Cartoonito And CNN

As consumers have already heard, talks between MultiChoice and Warner Bros. Discovery regarding the carriage agreement for Cartoon Network and 11 other channels are on the line. MultiChoice sent a notice out earlier in the month about the pending disaster.

Since then, a petition had started to garner traction online from a concerned DStv subscriber and has since crossed the 300 milestone.

At the time, it was stated by MultiChoice that should a new agreement not be reached consumers would lose 12 additional channels by 31 December 2025. But that may not be the case for Cartoon Network, Discovery Channel, Discovery Family and TNT.

Termination cards are being spotted on TLC, Real Time, HGTV, Travel Channel, Food Network, Cartoonito, CNN International and Investigation Discovery with the following message:

Dear viewer, please note this channel may no longer form part of our content line-up from 31 December 2025. Thank you.

MultiChoice had implied that Warner Bros. Discovery is asking for too much money to extend the carriage agreement for these 8 channels. Honestly, I was right to suspect that Food Network or even HGTV are likely goners in this carriage dispute.

The fact MultiChoice states "may no longer" doesn't mean their fates are set in stone just yet but that some progress has already been established. It's possible that some of these 8 could remain onboard I mean Canal+ Afrique does offer CNN International.

But as of right now, MultiChoice had extended its DStv Upsize promotion which can only imply several scenarios. Firstly talks between the two extend to 2026 which is unlikely and, second is that 8 channels are likely done for and this promotion is just a distraction.

Could Canal+'s MultiChoice Be Hinting At A Grim Future For Warner Bros. Discovery?

Warner Bros. Discovery serves as MultiChoice's largest entertainment provider behind BBC Studios, Disney, NBCUniversal and Paramount. It provides shows like House Of Dragons to M-Net alongside cable networks like Discovery Channel, CNN and Cartoon Network.

The fate of this offering now hangs in the balance as MultiChoice and Warner Bros. Discovery struggle to finalise to a new agreement. Aside from Paramount's 4 channels, consumers stand a chance of losing an additional 12 channels bringing to 16 channels.

A petition had been going around in order to try and save these channels. Because let's face it within this 12 everyone has a favourite and some have even threatened to cancel their subscription.

MultiChoice was asked what they're next grand plan would be if the 12 channels were axed and of course it would be replacing them. But none of the content viewed on Cartoon Network or TLC would make it which is what consumers are paying for.

So now they're extending the DStv Upsize promotion to 31 January 2026. Not as a thank you for being a loyal subscriber but rather a way for them to say we're screwed without these channels.

Consumers missing out on Cartoon Network would have Disney Channel and Nickelodeon to keep occupied. Those missing out on AEW on TNT would have access to live episodes of Raw and SmackDown alongside PPV events.

This is all until 31 January 2026 which would give them ample time to find replacements. If I'm being honest here, there's a 50/50 chance that all 12 channels will be exiting or maybe 4-6 get retained.

According to insiders, talks between them aren't looking good so consumers should expect something major to get axed. This is why there's talks of replacements and for Paramount's brands which are definitely exiting aren't getting replaced.

Paramount Is Going Hostile With New Bid For Warner Bros. Discovery

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday.

Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, which Paramount Skydance CEO David Ellison said Monday never got a response from Warner Bros. Discovery. The offer is backstopped with equity financing from the Ellison family and the private-equity firm RedBird Capital as well as $54 billion in debt commitments from Bank of America, Citi and Apollo Global Management.

"We're really here to finish what we started," Ellison told CNBC's "Squawk on the Street" Monday. "We put the company in play."

Shares of Paramount were roughly 5% higher in premarket trading Monday. Shares of Warner Bros. Discovery were up about 6%. Shares of Netflix were slightly lower.

On Friday, Netflix announced a deal to acquire WBD's studio and streaming assets for $72 billion. Paramount had been bidding for the entirety of Warner Bros. Discovery, including those assets and the company's TV networks like CNN and TNT Sports.

Comcast also bid for the streaming and studio businesses, CNBC previously reported.

Paramount has repeatedly argued to the WBD board of directors that keeping Warner Bros. Discovery whole was in the best interest of its shareholders.

Paramount executives also plan to argue their deal will have a much shorter regulatory approval process given the company's smaller size and friendly relationship with the Trump administration, according to people familiar with the matter.

"We've had great conversations with the President about this, but I don't want to speak for him," Ellison said Monday.

Netflix's proposed acquisition has already raised antitrust questions, in particular for combining two of the most dominant streaming platforms. CNBC reported Friday that the Trump administration was viewing the deal with "heavy skepticism," and President Donald Trump said Sunday the market share considerations could pose a "problem."

Netflix agreed to pay Warner Bros. Discovery $5.8 billion if the deal is not approved, according to a Securities and Exchange Commission filing Friday. Warner Bros. Discovery said it would pay a $2.8 billion breakup fee if it decides to call off the deal to pursue a different merger.

More Bad News Might Be Awaiting DStv Consumers As MultiChoice And Warner Bros. Discovery Square Off

According to some new reports, DStv subscribers may have to brace for more bad news aside from Paramount closing MTV Base and 3 other channels. The fight is on in trying to retain Cartoon Network and TNT as well as The White Lotus on M-Net.

Warner Bros. Discovery and MultiChoice had this carriage dispute for sometime regarding the future of these networks and it's content on M-Net. As reported, Netflix had won the bid to acquire the portion that licenses to M-Net.

MultiChoice under its new owners Canal+ seemingly implied that rates to renew such agreement is higher. And as I've mentioned for a while now things about to get messy from insider's reports that things aren't looking good.

It could imply two scenarios

The first DStv consumers will lose all 12 channels meaning no more reruns of Regular Show on Cartoon Network and Holiday Baking Championship on Food Network. Superman, Green Lantern and Harry Potter on M-Net Movies those are gone as well.

From 2026, MultiChoice will lose DStv consumers at an alarmingly rate as seen in Kenya where it lost 85% of its audience. While they promise to replace the affected channels, none of the content from these brands would form part of the lineup anyways.

MultiChoice will find it hard trying to convince consumers across the DStv bouquet to retain their subscription. Even with replacements, there would be no Sister Wives or AEW Dynamite which is what the paying consumer subscribed for.

Various outlets are putting most of their bet on the first scenario and if you've seen what happened in the week was Netflix's possible acquisition of Warner Bros. Lots of websites placed their bid on Paramount winning as the deal would have included the cable networks.

But I'm putting my cards out for the second scenario where MultiChoice and Warner Bros. Discovery are able to finalise an agreement - eventually.

"Things Aren't Looking Good" could imply instead of 12 additional channels joining the 4 existing channels from Paramount to exit DStv. It could as well be between 4-7 channels and I've stated this before MultiChoice doesn't need all these channels.

Travel Channel had been in decline that even MultiChoice Africa no longer offer it to DStv consumers. HGTV similar to BBC Earth wasn't even licensed to consumers in some African markets making it a strong contender to get the axe.

Under previous management, MultiChoice was prioritising on content which led to the exit of a couple of popular brands like Animal Planet and BBC First. Maybe under French hands, they could look to keep channels with massive appeal and remove ones deemed expensive or redundant.

Popular brands within their stable include Discovery, TLC, Cartoon Network and TNT, with expensive or low rated brands like HGTV, Food Network and Discovery Family.

If theres one thing I believe would be a priority is the part that deals with M-Net and Showmax as a loss would lead to viewer erosion. The part in which M-Net contract with has major IPs under their belt and is a contributor to M-Net's success.

The linear part doesn't even appear in South Africa's 20 most watched channels making the content part a liability. 

The second scenario seems probable although they would lose subscribers it wouldn't be severe if this number went up to 16 channels. MultiChoice can do without some of these brands as it would give them time to calm the masses and seek alternatives.

MultiChoice Is In Trouble As M-Net And Showmax Are Also At Risk Of Losing Content From HBO, TLC And Cartoon Network

A few days ago, it was announced that Netflix had won the bid to acquire Warner Bros. Discovery (excluding it's cable networks). This comes after MultiChoice and the company made it transparent to viewers that their 12 TV channels on DStv could be going dark from next year.

These include Discovery Channel, TLC, Discovery Family, TNT, Real Time, Investigation Discovery, Food Network, HGTV, Travel Channel, Cartoon Network, Cartoonito and CNN. A petition had been going around following news of its possible demise.

According to sources, not only does this deal affect these cable networks but also their licensing deal with M-Net and Showmax for shows like House Of Dragons, The White Lotus and The Gilded Age.

MultiChoice had stated at the time that they were open to replacing these channels and if that's so none of the content from HBO or Warner's cable networks would form part of the lineup. Warner Bros. is one of MultiChoice's biggest clients.

Compared to Disney and Paramount that offer only 6 channels each, they offer a combined figure. Since Disney+ inception, content from the brand had been further reduced on M-Net, DStv and Showmax but that wasn't the case for Warner Bros. Discovery.

For MultiChoice and it's owner Canal+, there is a lot in stake for them should they opt to have these channels removed. In two years, they've lost over 2 million subscribers particularly in Kenya where it lost 85% of its subscribers and this will just accelerate.

Paramount already plans to close CBS Reality, CBS Justice, BET and MTV Base, and although the consumer numbers are expected to decline. It will be more severe as seen in Kenya should consumers miss out on 90 Day Fiance and Craig Of The Creek. 

‘HBO, DC, Cartoon Network’: 10 Companies That Netflix Will Now Own After The Warner Bros Buyout

Following Netflix’s agreement to acquire Warner Bros Discovery’s TV and film studios and streaming division in a deal valued at roughly $72 billion, the streaming giant will take control of some of the most influential brands in global entertainment. Based on the assets included in the sale, here are 10 major companies and brands Netflix will now own.

1. HBO
The deal includes Warner Bros Discovery's streaming and premium-TV business, giving Netflix full ownership of HBO, one of the strongest content brands in the world, known for Game of Thrones, Succession, The Last of Us and more.

2. HBO Max / Max
Netflix will also acquire the HBO Max (rebranded as Max) streaming service, a direct competitor. This dramatically increases Netflix’s control over prestige television and reshapes the streaming landscape.

3. Warner Bros Television
The acquisition includes Warner Bros’ television production unit, one of the industry’s largest suppliers of scripted and unscripted programming, producing shows for networks globally.

4. Warner Bros Pictures
Netflix gains control of Warner Bros Pictures, the centerpiece film studio behind franchises such as Harry Potter, DC Films, Mad Max and Fantastic Beasts.

5. DC Entertainment / DC Studios
The DC superhero universe featuring Batman, Wonder Woman, Superman, Joker and more, falls under Netflix’s ownership as part of the studios division.

6. New Line Cinema
The iconic studio behind The Lord of the Rings, The Conjuring and IT will become part of Netflix’s content empire through the Warner Bros acquisition.

7. Cartoon Network Studios
The animation division producing global hits like Ben 10, Adventure Time and The Powerpuff Girls will be owned by Netflix, expanding its youth and animation catalogue.

8. Adult Swim
Known for Rick and Morty, Aqua Teen Hunger Force and cult animation, Adult Swim also moves under Netflix as part of the studios and TV assets it is buying.

9. Turner Classic Movies (TCM)
TCM’s extensive classic-films library and broadcast brand will fall under Netflix's control, giving it unmatched catalogue depth.

10. Vox Media Partnership Assets
Warner Bros Discovery maintains multiple joint ventures, including content partnerships with Vox Media (such as digital news/documentary collaborations). These partnership rights transfer to Netflix as part of the studio and streaming business purchase.

The article was originally published by Wionews