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Canal+ completes MultiChoice takeover

MultiChoice has officially become a wholly owned subsidiary of French media company Canal+, completing a landmark acquisition that places one of Africa’s largest pay television operators under the ownership of a global media group operating in 70 countries. The transaction marks a major milestone in the consolidation of Africa’s media and entertainment industry, positioning MultiChoice […]

MultiChoice denies DStv, GOtv subscription prices claims
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MultiChoice Nigeria CEO John Ugbe retires, Kemi Omotosho named successor

MultiChoice Nigeria, a Canal+ company, has announced a leadership change as Chief Executive Officer John Ugbe retires following a distinguished tenure. He will be succeeded by Kemi Omotosho, who will assume the role of Chief Executive Officer, Nigeria, effective this January. Ugbe departs after nearly fifteen years at the helm, during which he navigated the […]

MultiChoice denies DStv, GOtv subscription prices claims
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Canal+ gets green light for $2b MultiChoice takeover

French media giant Canal+ Group has received antitrust clearance to proceed with its long-awaited acquisition of MultiChoice Group, South Africa’s largest pay-TV operator, in a deal valued at 35 billion rand ($2 billion). This was disclosed in a joint statement from both companies on Wednesday, confirming that South Africa’s Competition Tribunal has approved the transaction, […]

MultiChoice denies DStv, GOtv subscription prices claims
Business

NGO slams MultiChoice over ‘exploitative’ DStv, GOtv price hike

A Non-Governmental Organisation, Save the Consumers, has strongly condemned the recent 2 per cent price hike implemented by MultiChoice Nigeria on its DStv and GOtv services, effective March 1, 2025. The group, which advocates for consumer rights, described the increase as unjustifiable, especially when compared to MultiChoice’s simultaneous decision to slash prices by up to […]

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Multichoice Group writes off N31.6bn in defunct Heritage Bank

Multichoice Group has confirmed that it has written off the N31.6 billion ($21 million) in cash it held with the recently liquidated Heritage Bank. This information was disclosed in the company’s financial results for the six months ending September 30, 2024. The Group had in its FY 2024 annual report, released in June, reported a […]

MultiChoice denies DStv, GOtv subscription prices claims
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MultiChoice denies DStv, GOtv subscription prices claims

Multichoice, the parent company of DStv and GOtv, has denied claims that their subscription packages in Nigeria have been cut, according to Businessday. According to a company source, only decoder prices have been decreased, while subscription fees have not altered. “We only reduced our decoder prices and not subscription prices. “The DStv Zapper was slashed […]

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Multichoice had N31.6bn with defunct Heritage Bank – Report

Multichoice Group, owners of DSTV, before the bank’s liquidation, had an account balance of N31.6 billion with Heritage Bank, according to Nairametrics. Multichoice had a deposit of N33.7 billion (488 million South African Rands) with the bank, as of the fiscal year’s end on March 31, 2024, according to the group’s annual report for FY […]

Reps probe alleged tax evasion by Multichoice group
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Reps probe alleged tax evasion by Multichoice group

Multichoice Group, a South African entertainment corporation, is allegedly not paying taxes, and the House of Representatives has ordered its Committee on Finance to look into this matter. According to The PUNCH, the motion “Need to investigate the alleged unremitted N1.8tn and $342m tax revenues owed the Federation by Multichoice Group” was adopted before the […]

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