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

NBCUniversal is announcing a round of layoffs.

Estimates suggested that Showmax had overtaken Netflix’s 1.8 million African subscribers by the end of 2023, reaching 2.1 million users, and continued growing after its relaunch in February 2024. The ...

Canal+, busy with aggressive cost-cutting since it recently acquired Africa’s MultiChoice pay-TV group, is shuttering its ...

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

MultiChoice, part of Canal+, will discontinue its Showmax streaming platform in Africa due to unsustainable losses. No job cuts are expected, company says.

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

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

But the group, 70 percent owned by South African pay-TV giant MultiChoice and 30 percent by Comcast's NBCUniversal, had forecast a bigger loss and grew its revenue 22 percent. By Georg Szalai Global ...

EXCLUSIVE: The latest original from African streamer Showmax, sci-fi drama The Fix, will open MIP Africa. This marks the third year in a row a Showmax original has opened the event, which is an ...