Canal+ completes $2bn MultiChoice takeover
French media giant Canal+ has cemented its position as a global entertainment powerhouse after finalising its takeover of MultiChoice Group, the parent company of DStv, Showmax and SuperSport.
The $2 billion deal, which closed last week, hands Canal+ effective control of the pay-TV giant, marking one of the most significant shake-ups in Africa’s broadcasting sector.
The acquisition gives Canal+ a footprint of more than 40 million subscribers across nearly 70 countries, positioning it to rival international streaming heavyweights like Netflix and Disney+.
In South Africa, where foreign ownership rules restrict broadcasting licences, MultiChoice has created a locally controlled subsidiary known as “LicenceCo” to meet regulatory requirements.
Leadership changes have swiftly followed the takeover. David Mignot has been appointed CEO of Canal+ Africa, while Nicolas Dandoy takes over as CFO. Former MultiChoice boss Calvo Mawela has stepped aside as CEO but remains on as Chair of Canal+ Africa, signaling a blend of continuity and change at the top.
The merger comes with commitments to bolster local content production, support historically disadvantaged groups in South Africa, and maintain investment in sports and entertainment programming. Analysts say the deal could lead to richer programming, expanded streaming options, and greater financial muscle to secure broadcasting rights.
However, questions remain over pricing strategies and how the new parent company will balance global ambitions with African audiences’ needs.
For viewers across the continent, the short-term impact will be minimal — subscription fees and channel line-ups remain unchanged for now. But in the longer term, Canal+’s influence may reshape how Africans consume television and digital content, from premium sports coverage to home-grown drama.
