Canal+ Shutters Loss-Making South African Streamer Showmax
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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 follows a “comprehensive” review into Showmax, which has carved out a reputation for high-end original series such as Spinners, Catch Me a Killer and Khaki Fever, which found “substantial annual losses at the subscription streamer. […]
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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 follows a “comprehensive” review into Showmax, which has carved out a reputation for high-end original series such as Spinners , Catch Me a Killer and Khaki Fever , which found “substantial annual losses at the subscription streamer. Canal+ took over Showmax parent MultiChoice in a $2B deal last September, vowing to “double down” on big local hits such as Spinners and Shaka iLembe at the same time. Related Stories News German Event Series 'The Widow Killer' Lands More European Deals With Canal+ & SVT
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