MultiChoice Owner Canal Group Addresses Price Concerns Post-Acquisition

MultiChoice's new owner, Canal Group, led by CEO David Mignot, has addressed concerns about potential price increases following the acquisition. Despite anxiety among subscribers, there are currently no immediate plans to raise prices.

The acquisition process concluded in October, triggering worries among subscribers about annual price adjustments. Canal Group plans to merge its extensive content library with MultiChoice's, offering a wide range of international programs.

The combined companies aim to deliver around 10,000 hours of content annually in multiple languages over the next decade. Additionally, Canal Group is considering launching its streaming app, although a final decision has not been made.

Showmax, a subsidiary of MultiChoice, may see changes as Canal Group evaluates its performance. Despite cost-cutting plans, Canal Group emphasizes a cautious approach to avoid customer alienation.

MultiChoice previously announced a gesture allowing DSTV customers to access higher-tier content until December 31, 2025, without extra charges during the festive season.