Canal+ increases stake in MultiChoice to 18.44%
Canal+, the pay-TV unit of French media holding company Vivendi, has increased its stake in MultiChoice to 18.44%.
MultiChoice CEO Calvo Mawela revealed the increased shareholding by Canal+ during the company’s annual results presentation.
DStv bloodbath coming
DStv will lose half a million customers in South Africa over the next five years, while its revenue in the country will decline by around R3 billion.
That is according to the Africa Pay TV Forecasts report from television industry intelligence firm Digital TV Research.
MultiChoice now 15% owned by Canal+
French broadcaster Canal+ Group has increased its stake in MultiChoice from 12% to over 15%, Reuters reports.
Vivendi-owned Canal+ significantly raised its holding in Africa's largest pay-TV last year, causing speculation that it could be looking to take...
No desire for DSTV revenge: Rupert
Johann Rupert has dismissed a newspaper column claiming that he wants revenge for "a bust-up 16 years ago with his then pay-TV partner, Naspers CEO Koos Bekker."