Canal+ will shut down Showmax, the African streaming platform run by its newly acquired subsidiary MultiChoice Group, ending an 11-year experiment that once represented the continent’s strongest attempt to challenge global streaming rivals. The decision, taken by the Showmax board and communicated to subscribers on Thursday, is part of an efficiency drive following the $3 billion takeover of MultiChoice by French broadcaster Canal+. The streaming service will be wound down in the coming months, although the company has not provided a final closure date as legal processes tied to the acquisition continue to be finalised. “This decision reflects our focus on strengthening our overall digital offering and ensuring long-term sustainability in an increasingly competitive streaming environmen...