Canal+’s MultiChoice to End Loss-Making Showmax Platform

Canal+ SA will discontinue the loss-making Showmax streaming service developed by South African pay-TV operator MultiChoice Group, which the French firm bought last year.

This decision comes after “substantial annual losses experienced by the Showmax business” that “proved unsustainable,” the operator said in a statement Thursday. Ending the service won’t result in any job cuts, with the group providing staff with various transition options, it said.