Canal+ Unveils R1.9 Billion Investment Plan for MultiChoice
“To restart subscriber growth, Canal+ will launch a growth boost plan by investing about €100m (R1.9bn).” This statement underscores Canal+’s commitment to revitalizing MultiChoice, a company that has faced significant challenges in recent years.
Canal+ took control of MultiChoice in September 2025, inheriting a company that saw its subscriber base decline from 14.9 million to 14.4 million within the year. The investment plan aims to address this downward trend and is structured around four key pillars: content, commercial offers, sales, and operational restructuring.
The boost plan is not just about financial investment; it also includes a strategic approach to enhance MultiChoice’s market position. Canal+ plans to recruit over 1,000 salespeople across MultiChoice’s markets to bolster its sales efforts. This move is part of a broader strategy to simplify and reprice commercial offers, making them more attractive to potential subscribers.
In addition to recruitment, Canal+ will initiate a voluntary severance plan at MultiChoice, acknowledging the need for operational restructuring. Canal+ CEO Maxime Saada commented, “We completed the acquisition of MultiChoice and we have identified run-rate cost savings from synergies of €400m from 2030 onwards,” highlighting the long-term vision behind the investment.
Despite these proactive measures, Canal+ acknowledged the scale of the challenge ahead, stating that 2025 had been “another challenging year” for MultiChoice. The company reported a 6% revenue decline for MultiChoice during this period, indicating the pressing need for effective strategies to regain subscriber confidence.
Looking forward, Canal+ expects to achieve more than €250 million in adjusted Ebit savings in 2026, a goal that reflects its ambitious plans for MultiChoice. The investment plan also aims to lower entry costs through equipment subsidies, making it easier for consumers to access MultiChoice’s offerings.
As Canal+ moves forward with its investment strategy, it remains focused on delivering the most compelling content on the African continent. The company’s efforts to enhance its service and content quality will be crucial in reversing the modest decrease in MultiChoice subscribers expected in 2026.
Details remain unconfirmed regarding the specific implementation timeline of these initiatives, but the commitment to revitalizing MultiChoice is clear as Canal+ seeks to navigate the complexities of the media landscape in Africa.
