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Canal+ SA is considering deploying its streaming app, which includes deals with AppleTV and Warner Bros Discovery\u2019s HBO Max, to clients of South African pay-TV operator MultiChoice Group, which the French firm bought last year.<\/p>\n
\u201cAll of the content is embedded on the Canal+ app, and as a user you do not have to go on another app,\u201d Chief Financial Officer Amandine Ferre said in an interview on Thursday.<\/p>\n
Read: DStv subscribers score as Canal+\u2019s Warner Bros Discovery bluff pays off<\/p>\n
Canal+ gained control of MultiChoice \u2014 part owner of streaming service Showmax with Comcast Corp \u2014 \u00a0late last year in a deal that valued the African platform at about $3 billion. The Johannesburg-based firm\u2019s operations are mainly in the south and east of the continent as well as Nigeria and Ghana, while the French company already has a presence throughout francophone western Africa.<\/p>\n
It hasn\u2019t taken a final decision on what to do with Showmax \u2014 MultiChoice\u2019s streaming offering \u2014 or on the roll-out of the Canal+ app to countries where MultiChoice operates, Ferre said.<\/p>\n
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Canal+ shares surged as much as 15% in London Thursday and are at a record.<\/p>\n
The combined entertainment platform will likely deliver more than \u20ac400 million in earnings before interest, tax and amortization, and about \u20ac300 million free-cash-flow cost savings by 2030, it said in a statement Thursday.<\/p>\n
Canal+ is working to start growing MultiChoice\u2019s subscriber numbers after the company lost almost 3 million customers over the past two financial years.<\/p>\n
Read: MultiChoice shares to delist on Wednesday<\/p>\n
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It \u00a0has already renegotiated a contract for set-top boxes and has provided cheaper units since November, she said.<\/p>\n
\u201cWe are really working on the entry ticket and the best packages, and making sure we have the best price,\u201d said Ferre.<\/p>\n
The combined entity has returned National Basketball Association content to the SuperSport offering after an eight-year break, and also added French Ligue 1 football matches to its platform.<\/p>\n
MultiChoice was created by Cape Town-based Naspers. In 2019, the company was spun off Naspers and in 2024, Canal+ made a takeover approach. Its premium service is priced at about $60 a month.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
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