Johannesburg, South Africa | September 22, 2025
Pay-TV giant MultiChoice Group has announced a major restructuring of its board and a change in its financial year-end, following the successful $3 billion acquisition by French media conglomerate Canal+.
The development comes after months of negotiations and regulatory approvals that saw Canal+ secure majority ownership in MultiChoice, strengthening its foothold in the African media and entertainment market.
In a notice to shareholders, MultiChoice confirmed that its financial year-end would now move from March 31 to December 31, aligning with Canal+’s reporting cycle. The board reconstitution, according to the company, is aimed at ensuring smoother integration of operations and governance structures under the new ownership.
Analysts say the acquisition positions Canal+ to leverage MultiChoice’s expansive African subscriber base, while bringing in fresh capital and expertise to navigate the fast-evolving streaming and pay-TV landscape.
“This is a transformative moment for MultiChoice and the African media industry. It provides an opportunity to combine Canal+’s global content strength with MultiChoice’s deep market presence across Africa,” a Johannesburg-based media analyst noted.
The $3 billion deal is one of the largest media acquisitions in Africa’s history and is expected to reshape competition in broadcasting, with potential implications for rival platforms and streaming services.
MultiChoice assured subscribers that its popular offerings, including DStv and GOtv, would remain uninterrupted, even as it works on integrating new content and services under the Canal+ umbrella.
