Canal+ takes on Netflix in Africa with $3bn bet on satellite TV
French media group’s MultiChoice deal reflects belief that continent’s patchy internet will hinder streamers for years
French media group’s MultiChoice deal reflects belief that continent’s patchy internet will hinder streamers for years

Deal will be closely watched by broadcasters, who are losing millions of viewers to streaming giants

Both companies have an incentive to come to an agreement over ‘carriage’ dispute

Agreement comes as satellite group is about to clinch new capital raise in which the French state will participate

Netflix and Disney have found financial value in UK talent, producing hit shows

Buying WBD for $83bn would have cost the streaming giant financial flexibility and its ability to take on YouTube

The continent is better positioned to weather crises, yet perceptions remain stuck in the past