…To Support Local Content Production
…To Maintain South Africa As Corporate Headquarters
French media giant, Canal+ has acquired 100 per cent ownership of MultiChoice Group, the parent company of popular pay-television services DStv and GOtv for a whooping $3 billion.
The sale became possible after approval from South Africa’s Competition Tribunal on July 23, 2025.
It was further learnt that the final approval to acquire MultiChoice contained binding conditions aimed at promoting local content production and protecting media independence within the region.
One of the major conditions for the acquisition is that the corporate headquarters of MultiChoice shall be retrained in South Africa and also that the French firm must support and invest in local content creators and industries
This latest deal by Canal+ makes it the controller of Africa’s largest pay-TV provider, which boasts over 14.5 million subscribers across 50 sub-Saharan African countries.
The firm said that it will investing 26 billion rand (about $1.4 billion) over the next three years in areas.
The investment include: local content production, sports broadcasting, digital innovation.
Meanwhile, Canal+ has affirmed that it would maintain full operations in South Africa, emphasising its long-term commitment to the growth of Africa’s media and entertainment sector.
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