The new MANAGERS of the Multichoice company, Canal + continue to make changes in the company as news has emerged that they have finalized the deal to be part of the big event DStv Delicious Festival. It turns out that they said that the event does not help them at all.
This event, which attracts the attention of many in this country and across Africa, lasts for two days and is attended by local, African and overseas musicians. The source ofOf this country an insider, confirmed the news that spread over the weekend and said that many changes will be heard as Canal+ plans to reduce the cost of money coming out of the company.
“At the moment, Canal+ wants its customers to watch programs at a low cost so that they can buy decoders and continue to enjoy different television programs. They want old customers to come back who will be able to pay to watch programs, rather than losing the ones who are there now and holding the company from falling down,” said the source ofOf this country.
They said they chose not to be part of the sponsors of this event because it costs a lot of money.
“There are many events that DStv will no longer be a part of because they are banned from being their sponsors.lookNET, All of them are said to be closed because there is no profit for the station. Some of the projects that the company was doing have been announced and other big projects have also been closed due to cost cutting,” the source concluded.
It is said that Canal+ does this not only in this country but also in other African countries, they are facing the same problem of reducing costs and trying to bring in profit.
It just happened that they recently closed down the Showmax channel, which was being viewed on a pay-per-view basis, and they also complained that they are spending a lot of money as they have hired officers and workers who are paid a lot of money but they are not making any money. One of the weekend newspapers revealed that Canal+ plans to return the money by 2030 €400 million (R7.5 billion), by reducing funding for different events that cost a lot of money.