Showmax announces plans to discontinue its streaming service after 11 years, despite major investments and a recent Canal+ takeover.

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Canal+ has made a big early decision as the new owner of MultiChoice by axing loss-making streamer Showmax. The decision ...

Canal+, busy with aggressive cost-cutting since it recently acquired Africa’s MultiChoice pay-TV group, is shuttering its loss-making and money-guzzling video streaming service Showmax that ...

The decision reflects a focus on "financial discipline and investment optimization in an increasingly competitive and capital-intensive global streaming environment." ...

March 5 (Reuters) - MultiChoice, part of the Canal+ entertainment group, said on Thursday it was discontinuing Showmax ...

Canal+'s announcement that it's pulling the plug on MultiChoice's Showmax has upset Africa's creatives and content producers.

Showmax was an "expensive failure," said Canal+, which owns 70% of the venture. NBCUniversal staffers were informed about the cuts on Wednesday.

French media giant Canal+ has labelled African streaming platform Showmax an “expensive failure” after deciding to shut down the service following years of mounting losses at South African pay-TV ...

Hello, I’m Janeffer. Welcome to today’s edition of The Business Roundup. In this edition, our leading stories are: David Ndii ...