French billionaire Vincent Bolloré's Canal+ posts $7.2 billion nine-month revenue
Canal+, the French pay-TV group backed by billionaire Vincent Bolloré's family, earned $7.2 billion in nine months as MultiChoice's sales slid in South Africa.
Skip to content
Canal+, the French pay-TV group backed by billionaire Vincent Bolloré's family, earned $7.2 billion in nine months as MultiChoice's sales slid in South Africa.
Vincent Bolloré told Bola Tinubu his group will deepen its Nigerian operations, in a market where DStv and GOtv have been shedding customers.
Koos Bekker built DStv from an MBA thesis into Africa's biggest pay-TV empire. Now it is losing subscribers, channels and its identity.
The regulator has given the company 30 days, until Sept. 8, to respond or risk losing its broadcasting license.
The tender offer will conclude on April 25, 2025, with regulatory results expected on April 29, 2025, as outlined in a combined circular released earlier this week.
Vivendi, partly owned by Bollore Group, is using its subsidiary Canal+ to steadily increase its stake in MultiChoice, signaling its expanding ambitions in Africa’s entertainment market.
Bollore, whose wealth stems from his interests in Bollore Group, has witnessed a notable increase in his net worth, amounting to $99.1 million thus far in the year.