French giant Canal+ now holds much larger stake of DStv owner

accreditation
0:00
play article
Subscribers can listen to this article
Canal+ has not wasted any time to increase its stake in Multichoice.
Photo: Gallo Images
Canal+ has not wasted any time to increase its stake in Multichoice. Photo: Gallo Images


The French entertainment giant Canal+ has hiked its stake in MultiChoice to 26.26%.

From around 6% in 2020, Canal+ built its stake to 15% by September last year. It reached 18.4% in mid-June, and 20.1% in by July this year. 

Pushing its shareholding to beyond 35% will trigger a mandatory buyout offer to other shareholders.

Canal+ is owned by Vivendi, which is also the owner of one of the recording giant Universal Music Group, as well as the advertising giant Havas.

Canal+ previously called its stake in MultiChoice "a long-term financial investment", but the sharp increase in its shareholding has fuelled renewed speculation that it may have more ambitious plans in store.

READ | DStv in French hands? Why Canal+ may be building a big stake in MultiChoice

Like MultiChoice, the Paris-headquartered Canal+ has a large footprint in Africa. The Canal+ Afrique pay-television offering is big in French-speaking countries in central and west Africa, with more than five million subscribers on the continent. For its part, DStv owner MultiChoice has 21.8 million active African users (of which nine million are in South Africa).

Canal+ and MultiChoice have teamed up on co-productions in the past, most recently an action-drama series called Spinners in South Africa.

The eight-episode series, which will stream on MultiChoice's video streaming service Showmax, goes inside the dangerous world of car spinning in Cape Town, Channel24 reported.

Analysts previously pointed out that these co-productions share content costs and save money; a closer relationship could mean even bigger cost savings.


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.47
-2.2%
Rand - Pound
21.05
-0.0%
Rand - Euro
18.91
-0.0%
Rand - Aus dollar
12.09
-0.0%
Rand - Yen
0.13
-0.0%
Platinum
974.02
0.0%
Palladium
1,623.95
0.0%
Gold
1,865.16
0.0%
Silver
22.35
0.0%
Brent Crude
79.94
-2.8%
Top 40
74,082
+0.6%
All Share
80,241
+0.6%
Resource 10
75,186
+0.7%
Industrial 25
103,461
+0.8%
Financial 15
16,550
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders