{"id":97,"date":"2025-02-04T16:43:17","date_gmt":"2025-02-04T15:43:17","guid":{"rendered":"https:\/\/techstream.getdev.co\/?p=97"},"modified":"2025-02-04T16:43:17","modified_gmt":"2025-02-04T15:43:17","slug":"canal-to-restructure-multichoice-creating-licenceco-to-comply-with-sa-regulations","status":"publish","type":"post","link":"https:\/\/techstream.africa\/?p=97","title":{"rendered":"Canal+ to Restructure MultiChoice, Creating LicenceCo to Comply with SA Regulations"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"206\" src=\"https:\/\/techstream.getdev.co\/wp-content\/uploads\/2025\/02\/img_4123-1-300x206.png\" class=\"wp-image-96\" srcset=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/02\/img_4123-1-300x206.png 300w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/02\/img_4123-1.png 390w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n\n\n\n<p class=\"p1\">French media giant Canal+ is restructuring MultiChoice to align with South African regulations on foreign ownership. The plan involves splitting MultiChoice into two independent entities:<\/p>\n\n\n\n<p class=\"p3\">1. LicenceCo \u2013 A new entity that will hold the broadcasting license, majority-owned by historically disadvantaged persons (HDPs), including Phuthuma Nathi, Identity Partners Itai Consortium, Afrifund Consortium, and a Workers\u2019 Trust.<\/p>\n\n\n\n<p class=\"p3\">2. MultiChoice Group \u2013 Will retain a 49% economic interest and 20% voting rights in LicenceCo, while continuing to operate its video entertainment business.<\/p>\n\n\n\n<p class=\"p1\">This move ensures compliance with South Africa\u2019s Electronic Communications Act, which restricts foreign control of broadcasting licences, while also maintaining Broad-Based Black Economic Empowerment (BBBEE) credentials.<\/p>\n\n\n\n<p class=\"p1\">For subscribers, service continuity is assured as LicenceCo will enter commercial agreements with MultiChoice subsidiaries. This restructuring could also attract new investors and set a precedent for future multinational acquisitions in regulated markets like South Africa.<\/p>\n\n\n\n<p class=\"p1\">Read the full news <a href=\"https:\/\/techpoint.africa\/2025\/02\/04\/canal-to-restructure-multichoice-licenceco\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>French media giant Canal+ is restructuring MultiChoice to align with South African regulations on foreign ownership. The plan involves splitting MultiChoice into two independent entities: 1. LicenceCo \u2013 A new entity that will hold the broadcasting license, majority-owned by historically disadvantaged persons (HDPs), including Phuthuma Nathi, Identity Partners Itai Consortium, Afrifund Consortium, and a Workers\u2019&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-97","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/97","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97"}],"version-history":[{"count":1,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/97\/revisions"}],"predecessor-version":[{"id":98,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/97\/revisions\/98"}],"wp:attachment":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}