REG - Canal+ S.A - MCG RETIRES SHOWMAX AFTER COMPREHENSIVE REVIEW

Canal+ SAAnnouncement

05/03/2026 07:15

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RNS Number : 3997V  Canal+ S.A  05 March 2026

CANAL+ SA

MCG RETIRES SHOWMAX AFTER COMPREHENSIVE REVIEW

 

Issy-les-Moulineaux, 5 March 2026

CANAL+ SA (LSE: CAN, the "Company"), the global media and entertainment
company, announces that MultiChoice, a subsidiary of CANAL+ group, has today
issued a press release on the discontinuation of the Showmax service.

The press release provided as follows:

 

MULTICHOICE RETIRES SHOWMAX AFTER COMPREHENSIVE REVIEW

 

 

MultiChoice, part of CANAL+ SA (LSE: CAN, the "Company" or the "Group"), the
global media and entertainment company, today announces the forthcoming
discontinuation of the Showmax service, following a comprehensive review of
its streaming activities.

 

This decision was made by the Showmax Board of Directors and reflects the
continued focus of MultiChoice, a CANAL+ Company, on financial discipline and
investment optimisation, in an increasingly competitive and capital-intensive
global streaming environment. The substantial annual losses experienced by the
Showmax business have proved unsustainable. The decision to phase out Showmax
reflects our focus on building a sustainable, competitive business for the
long term in an increasingly demanding global streaming environment.

 

The decision to discontinue Showmax services will not involve any
retrenchments. The Group will be engaging and supporting employees through
various transition options.

 

This evolution is also consistent with the ambition of MultiChoice, a CANAL+
Company, to deploy its in-house large-scale streaming platform capable of
meeting the expectations of African and international consumers.

 

CANAL+ will continue to invest in premium content for MultiChoice subscribers,
technological innovation and strategic partnerships to consolidate its
leadership in the African entertainment market.

 

Further details regarding our expanded content offering and platform upgrades
will be shared in due course. We want to reassure our Showmax subscribers that
they are our priority as we evolve our services to deliver a superior
streaming experience.

 

ABOUT MULTICHOICE

 

MultiChoice Group (MCG), a subsidiary of CANAL+ group, is a leading provider
of entertainment and related consumer services. The company has an expanding
ecosystem, underpinned by scalable technologies, and a track record now
spanning almost 40 years.  MCG provides video entertainment products and
services through its linear and streaming platforms to millions of households
across 50 countries on the African continent and continues to grow by
producing and acquiring the best local, sport and international content and
offering tiered subscription packages and aggregated streaming services to its
customer base. MCG's superior technology capabilities enable it to continue
innovating around distribution, digital and payment solutions, and content
security to offer the best customer experience across the continent. Reaching
up to 100 million individuals daily, the MultiChoice Group is using its scale
and distribution to expand its platform to include sports betting and
interactive entertainment, fin-tech services, household services (focused on
internet connectivity and emergency response services) and ed-tech. Irdeto,
MCG's technology business, provides platform cybersecurity services which
protect over 6 billion devices and applications globally for some of the
world's best media and technology brands, as well as clients in the connected
industries sector.

 

 

CONTACTS

 

CORPORATE COMMUNICATIONS

Elvire Charbonnel elvire.charbonnel@canal-plus.com
(mailto:elvire.charbonnel@canal-plus.com)

Litlhare Moteetee (Lee) litlhare.moteetee@multichoice.co.za
(mailto:litlhare.moteetee@multichoice.co.za)

 

FINANCIAL COMMUNICATIONS

Andrew Swailes andrew.swailes@canal-plus.com
(mailto:andrew.swailes@canal-plus.com)

 

INVESTORS & ANALYSTS

ir@canal-plus.com (mailto:ir@canal-plus.com)

 

 

 
-ENDS-
 
 

 

ABOUT CANAL+

Founded as a French subscription-TV channel 40 years ago, CANAL+ is now a
global media and entertainment company. On 22 September 2025, CANAL+ confirmed
it is in effective control of MultiChoice Group and beginning the integration
process. MultiChoice is Africa's leading entertainment platform, offering a
wide range of products and services, including DStv, GOtv, Showmax, M-Net,
SuperSport, Irdeto, and KingMakers. Together, the new combined group has 40
million subscribers worldwide, operates in over 70 countries and has
approximately 15,000 employees.

CANAL+ operates across the entire audio-visual value chain, including
production, broadcast, distribution and aggregation. It is home
to STUDIOCANAL, a leading film and television studio with worldwide
production and distribution capabilities; Dailymotion, major international
video platform powered by cutting-edge proprietary technology for video
delivery, advertising, and monetization; CANAL+ Distribution, a production
and distribution company specialising in creating and distributing diverse
content and channels; and telecommunication services, through GVA in Africa
and CANAL+ Telecom in the French overseas jurisdictions and territories.

CANAL+ also has significant equity stakes in Viaplay (the Pay-TV leader in
Scandinavia), Viu (a leading OTT platform in Southern Asia), and UGC, a
leading French cinema group.

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