Below is some of the developments that occurred during the takeover bid between MultiChoice and Canal+
Sanlam acquiring 60% stake in NMS Insurance Services
A registered South African composite micro-insurer and authorised financial services provider, licensed to underwrite non-life and life insurance products. It has been writing insurance for the past 20 years under the DStv brand of MultiChoice, focusing on device, installation, funeral, subscription waiver, and debt waiver insurance products.
It had been outlined on several occasions that Canal+ is only focusing on core assets being DStv, GOtv, M-Net and SuperSport so it's no surprise that Sanlam would have acquired interest in NMS Insurance Services. With MultiChoice being financially constraint, they need funding in order to sustain their operations and the French doesn't want a hand in this.
Canal+ closing off its branch in Ethiopia
After partnering up with Bruh Entertainment to launch a rivalled offering to MultiChoice's DStv in Ethiopia, the French broadcaster
had announced its exit from the market by 31 December 2024. Since it's launch, the platform has built a local offering with Canal+ Gebeta, Canal+ Novelas and Canal+ Discover with international brands like FilmBox and NBA TV.
Canal+ serves as a dominant player in the French market while MultiChoice caters to the English speaking parts of Africa and these came with various clashes with Ethiopia being one of them. If anything, the question now focuses what fate awaits other rivalled offering in the stable such as ROK Studios and Africa Magic.
DStv losing channels
Within a year, MultiChoice has managed to have lost 12 channels which is the most the pay-tv platform has lost within a decade and only 1Magic was substituted by another TV channel, 1Max. Emmanuel TV, WildEarth, DW and likely PBS Kids had exited their platforms voluntarily meaning MultiChoice cut 8 channels like 1Magic, Me, People's Weather, B4U Movies, One Freestate Televisual, NWTV, Africa Magic Urban and Ginx TV.
MultiChoice hadn't been concrete with consumers on what led to the dismantling of these brands but from what WildEarth suggests it could have been a money problem. Earlier in the year, they were ranting on about how MultiChoice refused to pay for WildEarth despite promises to implement funding.
Let's remember throughout the year, they haven't added any new channels aside from 1Max and prior to takeovers companies tend to cutback.
The end of DStv Premiership
A few months ago, it was reported that DStv would be cancelling their sponsorship for the PSL a year before it's expiration due to MultiChoice's financial problems which sent shockwaves. It had been alleged that a board member's exit from the company had led to them losing those rights as Betway replaces DStv as the official sponsor with SuperSport holding TV rights.
Canal+ consolidates it's operations within three segments
• Canal+ Europe – encompassing the Group’s subscription-TV (including OTT) and advertising-supported free-to-air (FTA) TV businesses across France, the French Overseas and adjacent territories, Poland, Central Europe and Benelux (through its wholly-owned subsidiary M7) as well as telecommunication services in the French Overseas territories;
• Canal+ Africa & Asia – encompassing the Group’s subscription-TV and advertising-supported FTA TV businesses, GVA and CanalOlympia venues across French-speaking Sub-Saharan Africa as well as subscription-TV business in Vietnam, Myanmar and Pacific territories, this is where MultiChoice would reside if given the greenlight;
• Content Production, Distribution and Other – encompassing Studiocanal, Dailymotion, Thema1 as well as L’Olympia and the L’Œuvre theater.
