MultiChoice has formally become a wholly owned subsidiary of French media company Canal+, completing a landmark acquisition that brings one of Africa’s largest pay television operators under the control of a global media group with operations spanning 70 countries.
The move marks a significant milestone in the consolidation of Africa’s media and entertainment industry, positioning MultiChoice to leverage Canal+’s international scale, financial resources and content capabilities as competition intensifies across the continent’s broadcasting and streaming markets.
Announcing the completion of the integration on Thursday, Chief Executive Officer of Canal+ Africa and MultiChoice, David Mignot, said the transaction ushers the South Africa-based broadcaster into a new phase of growth as part of a global media organisation.
“MultiChoice is now a full subsidiary of a truly international media group operating in 70 countries.
The group was founded in France, is listed in London and Johannesburg, and has a strong African presence with operations in more than 45 countries,” Mignot said in a statement.
