March 5 (Reuters) - MultiChoice, part of the Canal+ entertainment group, said on Thursday it was discontinuing Showmax streaming services across its business regions in Africa. "The substantial annual
MultiChoice Ends Showmax Streaming Service Across Africa Amid Heavy Losses
MultiChoice Discontinues Showmax Streaming Services in Africa
Announcement of Service Discontinuation
March 5 (Reuters) - MultiChoice, part of the Canal+ entertainment group, said on Thursday it was discontinuing Showmax streaming services across its business regions in Africa.
Financial Losses Behind the Decision
"The substantial annual losses experienced by the Showmax business have proved unsustainable," the companies said.
Impact on Employees and Future Investments
No Job Cuts Planned
The decision will not involve any job cuts, Canal+ said, adding it would continue to invest in premium content for MultiChoice subscribers across the African continent.
Continued Investment in Premium Content
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
