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MultiChoice Chief Says Canal+ Deal Will Help it Take on Netflix
- Africa’s MultiChoice in talks with regulators to get deal done
- CEO sees streaming sales growing to $1 billion in five years
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MultiChoice Chief Executive Officer Calvo Mawela is preparing to take on US streaming giants as the African TV company works to get its approximately $3 billion deal with Vivendi SE’s Canal+ over the line with regulators.
“A combination gives us a better chance to compete against the global giants,” Mawela said in an interview with Bloomberg TV. “Scale matters in this industry, then you are able to negotiate better rates for content and you are able to generate more revenues, especially with one party operating in French-speaking Africa and one in the English speaking part of Africa.”