South African Market Canal+ Just Bought Was Weaker Than It Looked — New Government Report

A new South African government report has shed light on the true state of the pay-TV market that Canal+ acquired when it completed its takeover of MultiChoice. The data, drawn from official regulatory filings, paints a picture of a market in steeper decline than the company's public communications suggested at the time of the deal.

Subscriber losses and revenue contraction across the South African pay-TV sector were more pronounced than industry observers had estimated, raising fresh questions about the strategic rationale behind one of the most significant media acquisitions in recent African broadcasting history.