French media company Canal+ is planning to discontinue the video streaming platform Showmax as part of a broader cost-cutting strategy following its acquisition of MultiChoice Group. The companies confirmed that the Showmax board approved the decision after reviewing the streaming service’s financial performance. While no specific shutdown date has been announced, the platform is expected to be discontinued once legal and operational issues are resolved. Decision Driven by Financial Pressures According to MultiChoice, the move reflects a shift toward stricter financial discipline and investment optimisation amid intensifying competition in the global streaming industry. Earlier this year, Canal+ CEO Maxime Saada described Showmax as “not a commercial success,” telling investors that th...