Thinus Ferreira
Canal+ is reportedly looking at possibly buying out Comcast's stake in MultiChoice's relaunched Showmax video streaming service.
Bloomberg reports that Canal+ is working with advisors to look into buying out Comcast's 30% stake in the relaunched Showmax so that Canal+ has complete control of the loss-making video streaming service.
Canal+ and Comcast declined to comment.
MultiChoice and Comcast's NBCUniversal relaunched Showmax in 2023 on Comcast's Peacock streaming platform, but the streamer has fallen very far short of the subscriber number growth that MultiChoice promised investors.
In Africa Showmax competes with the likes of Netflix, Disney+, Apple TV, Amazon Prime Video, VIU and a few others.
