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Canal+ ( (GB:CAN) ) has provided an update.
Canal+ SA, the global media and entertainment group that recently took effective control of Africa-focused MultiChoice, is consolidating its position in the continent’s pay-TV and streaming markets through a broad portfolio spanning TV channels, streaming platforms, telecoms, and technology assets. MultiChoice contributes a large African subscriber base, strong local and sports content franchises, and adjacent ventures in fintech and interactive services, reinforcing Canal+’s strategic focus on high-growth emerging markets.
MultiChoice announced it will discontinue the Showmax streaming service after a comprehensive review, citing unsustainable annual losses and the need for financial discipline in an increasingly competitive and capital-intensive global streaming market. The group says the shutdown will not trigger retrenchments and is part of a shift toward deploying an in-house large-scale streaming platform for African and international consumers, while Canal+ plans to keep investing in premium content, technology upgrades, and partnerships to strengthen its leadership in African entertainment and reassure subscribers during the transition.
The move underscores a broader industry trend of rationalising loss-making streaming ventures and reallocating capital to more scalable or integrated platforms. For stakeholders, the decision signals Canal+ and MultiChoice’s intention to prioritise sustainable profitability and long-term competitiveness in streaming, while attempting to preserve employment and maintain subscriber loyalty by promising an expanded content offering and improved platform experience in future.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £285.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
Canal+’s overall score is driven by strong technical indicators and positive corporate events, particularly strategic acquisitions and capital management. However, financial performance is hindered by profitability issues and a negative P/E ratio, impacting the valuation score.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
Canal+ SA is a global media and entertainment group that operates across the audiovisual value chain, from production and broadcasting to distribution and aggregation. Through subsidiaries such as MultiChoice, it serves around 40 million subscribers in over 70 countries with pay-TV, streaming, telecoms, and related services, with a strong presence in Africa and stakes in platforms like Viaplay and Viu.
MultiChoice Group, now under effective control of Canal+, is a leading African entertainment provider delivering linear and streaming video services to millions of households in 50 countries. Its ecosystem spans pay-TV brands like DStv and GOtv, sports broadcaster SuperSport, cybersecurity provider Irdeto, and growth areas including sports betting, fintech, household services, and ed-tech, underpinned by scalable technology and content security capabilities.
Average Trading Volume: 714,895
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.86B
For detailed information about CAN stock, go to TipRanks’ Stock Analysis page.