Tag Archives: Spinners

Canal+ ups its stake in MultiChoice

Blood Psalms

France’s Canal+ Group has increased its stake in African pay TV company MultiChoice Group to more than 26%, having almost doubled its interest in the company over the past year.

Canal+ has gradually upped its stake in the South African company behind the DStv and GOtv pay TV platforms since it first acquired a 6.5% interest in October 2020.

A year ago, the Paris-based broadcasting giant announced that it owned 15% stake in MultiChoice; this rose to 18.44% in June this year, then 20.12% a month later.

A statement to the Johannesburg Stock Exchange (JSE) this week revealed that Canal+ has further increased this to 26.26%. Canal+ is owned by Vivendi, a mass media holding company that also owns Gameloft, Havas and Prisma Media.

As required by South Africa’s Companies Act, MultiChoice has filed the required notice with the JSE’s Takeover Regulation Panel. If Canal+ acquires a 35% interest in MutliChoice, it would trigger a mandatory offer to shareholders.

However, whether or not Canal+ and Vivendi owner Vincent Bollore intends to make an offer to acquire MultiChoice, it would face some major hurdles, given South Africa’s tight restrictions over the foreign ownership of broadcasters.

“While the group regularly engages investors and maintains an open dialogue with the investment community, its policy is not to comment on its individual shareholders, nor on its interactions with them,” said MultiChoice this week.

Canal+ and MultiChoice have worked together in recent years, coproducing shows such as the South African action-drama series Spinners (8×50’) and gritty Kenyan police procedural Crime & Justice, both made with MultiChoice’s streamer Showmax.

Showmax and Canal+’s African OTT platform MyCanal also coproduced 10-episode South African drama Blood Psalms, based on a pre-colonial Xhosa legend. Canal+ also operates Canal+ Afrique, an African version of Canal+ available mainly in the francophone countries of Central and West Africa.

MultiChoice is backed by African internet company Naspers.

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Showmax, Canal+ link for SA drama

Spinners was co-created by Joachim Landau, who also produces

African streamer Showmax and France’s Canal+ are coproducing an action-drama series set in South Africa called Spinners.

Filming on the series, produced by Empreinte Digitale and coproduced by Ramadan Suleman’s South African outfit Natives at Large, has commenced in Cape Town.

The narrative of Spinners (8×50’) revolves around the popular and dangerous South African motor sport spinning, which sees cars driven at high speed with drivers performing stunts in and out of the vehicle.

The series centres on a 17-year-old driver working for a local gang. Trying to support his younger brother but increasingly disgusted with this life and constantly on the edge, he discovers a possible way out via spinning.

Spinners is produced and co-created by Empreinte Digitale’s MD Joachim Landau, with the company’s co-founder Raphaël Rocher also producing.

Jaco Bouwer is directing, while series co-creator Benjamin Hoffman is showrunner. Writing the series are Matthew Jankes, Sean Steinberg, Gillian Breslin, Daniel Zimbler, Byron Abrahams and Zoë Laband.

StudioCanal is handling international distribution.

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