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    3. >Canal+ unit MultiChoice ends streaming platform Showmax, citing losses
    Finance

    Canal+ unit MultiChoice ends streaming platform showmax, citing losses

    Published by Global Banking & Finance Review®

    Posted on March 5, 2026

    1 min read

    Last updated: March 5, 2026

    Canal+ unit MultiChoice ends streaming platform Showmax, citing losses - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    MultiChoice, now part of Canal+, is discontinuing its Showmax streaming service across Africa due to unsustainable annual losses, but no job cuts will occur and investment in premium content for MultiChoice subscribers will continue.

    MultiChoice Ends Showmax Streaming Service Across Africa Amid Heavy Losses

    MultiChoice Discontinues Showmax Streaming Services in Africa

    Announcement of Service Discontinuation

    March 5 (Reuters) - MultiChoice, part of the Canal+ entertainment group, said on Thursday it was discontinuing Showmax streaming services across its business regions in Africa.

    Financial Losses Behind the Decision

    "The substantial annual losses experienced by the Showmax business have proved unsustainable," the companies said.

    Impact on Employees and Future Investments

    No Job Cuts Planned

    The decision will not involve any job cuts, Canal+ said, adding it would continue to invest in premium content for MultiChoice subscribers across the African continent.

    Continued Investment in Premium Content

    (Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

    Table of Contents

    • MultiChoice Discontinues Showmax Streaming Services in Africa
    • Announcement of Service Discontinuation
    • Financial Losses Behind the Decision

    Key Takeaways

    • •Showmax is being phased out because its financial losses—R4.9 billion in FY25, up 88% from R2.6 billion in FY24—proved unsustainable
    • •Despite subscriber growth, revenue declined, highlighting structural challenges of streaming in Africa
    • •No layoffs will follow; Canal+ will instead focus on investing in premium content and a new scalable streaming platform for African audiences

    Frequently Asked Questions about Canal+ unit MultiChoice ends streaming platform Showmax, citing losses

    1Why is MultiChoice discontinuing Showmax?

    MultiChoice is discontinuing Showmax due to substantial annual financial losses that have proved unsustainable.

    2Will there be job cuts as a result of Showmax shutting down?

    No, the decision to shut down Showmax will not involve any job cuts, according to Canal+.

    3
    Impact on Employees and Future Investments
  • No Job Cuts Planned
  • Continued Investment in Premium Content
    • Will MultiChoice continue to invest in content after ending Showmax?

    Yes, Canal+ said it will continue investing in premium content for MultiChoice subscribers across Africa.

    4Which regions are affected by the discontinuation of Showmax?

    The discontinuation affects all business regions in Africa where Showmax was operating.

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