Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Canal+ cuts jobs and shuts Showmax in Africa after acquiring MultiChoice, aiming for profitability by 2026.
Canal+ is restructuring its African operations after acquiring MultiChoice, cutting jobs via voluntary severance in support roles and shutting down the Showmax streaming service to cut losses.
Despite a 6% revenue drop and subscriber decline to 14.4 million in 2025, the company plans to invest €100 million in Africa to boost sales, simplify offerings, and expand distribution.
It expects €250 million in cost synergies by 2026 and aims to stabilize the business, with a projected EBIT of €170 million in 2026 despite a €140 million loss.
The group is also preparing to list on the Johannesburg Stock Exchange.
18 Articles
Canal+ recorta empleos y cierra Showmax en África después de la adquisición de MultiChoice, con el objetivo de obtener rentabilidad para 2026.