Showmax has announced the discontinuation of its service, a decision made seven months after French media giant Canal+ acquired MultiChoice Group, the platform’s parent company.

Canal+ has confirmed the shutdown of the streaming service Showmax after its takeover of MultiChoice, a strategic move aimed at cost reduction and investment optimization in a competitive market.

Canal+, busy with aggressive cost-cutting since it recently acquired Africa’s MultiChoice pay-TV group, is shuttering its loss-making and money-guzzling video streaming service Showmax that…

MultiChoice has announced the shutdown of its streaming service Showmax after 11 years of operation, with further details on timelines and future steps to be shared.

MultiChoice has announced the discontinuation of its Showmax streaming platform after a strategic review found its losses unsustainable in the competitive global market, though jobs are safe.

The decision reflects a focus on "financial discipline and investment optimization in an increasingly competitive and capital-intensive global streaming environment."

MultiChoice's streaming platform, Showmax, which launched in 2015 and is available in 44 African countries, is set to be discontinued.

MultiChoice has announced its decision to discontinue the Showmax streaming service, impacting its subscribers and the competitive streaming market.