MultiChoice Becomes Full Subsidiary of Canal+ in Acquisition

MultiChoice has officially become a full subsidiary of the French media company Canal+ after a landmark acquisition, marking a significant milestone in Africa's media and entertainment industry. This transaction, announced by David Mignot, Chief Executive Officer of Canal+ Africa, positions MultiChoice to leverage Canal+'s international scale, financial resources, and content capabilities to enhance its competitive stance in the broadcast and streaming markets across the continent.

The acquisition combines Canal+'s international operations with MultiChoice's established footprint in sub-Saharan Africa, reaching millions of households through its DStv and GOtv satellite and digital terrestrial television platforms, as well as its streaming service, Showmax. The deal is strategically timed amid growing demand for premium digital content in Africa, despite economic pressures affecting consumer spending.

Canal+ has gradually increased its stake in MultiChoice since 2024, culminating in this full acquisition, which is expected to deepen investments in local content and broadcasting services.