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Canal+ Targets €400M Synergies Amid Showmax Struggles

1/29/2026

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Summary

Story summary

Canal+ Chief Executive Officer Maxime Saada said Showmax, the streaming platform owned by MultiChoice Group, has struggled financially and burdens Canal+'s performance.
During an investor call, Saada confirmed that reducing Showmax's losses is part of Canal+'s strategy after acquiring MultiChoice.
Canal+ targets more than €400 million in annual earnings synergies from the acquisition, with cost efficiencies and Africa subscriber growth, and will provide updates on March 11, 2026.

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Story summary

Canal+ Chief Executive Officer Maxime Saada said Showmax, the streaming platform owned by MultiChoice Group, has struggled financially and burdens Canal+'s performance.
During an investor call, Saada confirmed that reducing Showmax's losses is part of Canal+'s strategy after acquiring MultiChoice.
Canal+ targets more than €400 million in annual earnings synergies from the acquisition, with cost efficiencies and Africa subscriber growth, and will provide updates on March 11, 2026.