The company, which produced acclaimed films including “Mulholland Drive” and “The Pianist,” is transforming into a global entertainment group with a presence in 70 countries to compete with Netflix and Disney.<\/p>\n
<\/p>\n
Chief Financial Officer \u200cAmandine Ferr\u00e9 said any deal between Netflix and Warner Bros Discovery should not change the \u200bcourse for Canal+, but emphasised the importance of scale. “The bigger you are, the better leverage you will have in the discussion,” she said.<\/p>\n
<\/p>\n
Following the $3 billion MultiChoice deal, Ferr\u00e9 told Reuters that Canal+ was already finding cost \u200dsavings through suppliers of set-top boxes, cloud services and satellites. The company has also refinanced MultiChoice’s debt with a lower interest rate.<\/p>\n
<\/p>\n
Canal+ expects cost savings to ramp up progressively, targeting over $179 million annual savings in 2026 and up \u2060to $479 million from 2030, compared to an estimated combined 2025 cost baseline of around $9.57 billion. It has already secured over $95.69 million for 2026.<\/p>\n
<\/p>\n
Ferr\u00e9 said Canal+ was assessing what to \u200cdo about \u200cMultiChoice’s streaming service Showmax, which she described as “a big issue” due to its losses. “We won’t stay in this situation because the level of losses is not acceptable for us,” she said.<\/p>\n
<\/p>\n
Chief Executive Maxime Saada said on a call with analysts that the company was in “advanced discussions” with Comcast about the United States company’s 30% \u2060stake in Showmax, but \u2060he did not comment \u200bfurther on the talks.<\/p>\n
<\/p>\n
Overall subscriber growth was the main priority, Ferr\u00e9 said. “It will take time because you need to relaunch your distribution network.” The company is also evaluating its branding strategy between MultiChoice and Canal+ across different markets<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":13905,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-23069","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Canal+ shares jumped around 14% to a \u200crecord high on Thursday, after the pay-TV group said it expects over $479 million in annual cost savings following its acquisition of MultiChoice last year.","published_date":null,"news_description":"Canal+ shares jumped around 14% to a \u200crecord high on Thursday, after the pay-TV group said it expects over $479 million in annual cost savings following its acquisition of MultiChoice last year.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23069\/revisions"}],"predecessor-version":[{"id":26157,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23069\/revisions\/26157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13905"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23069"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}