Recap To The Month: Canal+ Looking To Make MultiChoice A Global Powerhouse Against The Likes Of Disney And Netflix By Making Local Content Go Global
During the month, Canal+ Group CEO was approached by journalists where he addressed several matters regarding MultiChoice. As reported, he's been given the greenlight to acquire the remaining shares and is currently drawing up a proposal to appease legislation . Together the merged company would have reached 50 million households (30 million reside within Africa). It would make it the biggest entertainment company across the world that's not based in the United States. Apart from the MultiChoice deal in Africa, the group had increased its share in the Hong Kong-based streaming platform Viu to 30% - with the option of increasing it to 50%. Viu has accumulated 15 million subscribers in Southeast Asia and the Middle East. Canal+ plans for MultiChoice's local endeavors Saada says the new, merged company will take a "very, very different approach" than the American companies, by focusing on the highest quality local content. "And it's not necessa