Welcome to Insidus Plus, your source for highlights on DStv and Openview channels in South Africa
Canal+ Afrique Ajoute Quatre Nouvelles Chaînes Aux Packs DStv English Plus Et Convertit E! En Bravo
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Canal+ Increases Stake In Asian Streamer VIU To 36,8% With The Option To Get Majority Ownership
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Canal+ To Acquire A 26% Stake In Hong Kong Based Streaming Platform VIU
PCCW and Canal+ have announced a strategic partnership through which the French media giant will become a significant minority shareholder in PCCW’s Asian streaming service Viu.
Canal+ will make a staggered investment of $300M in Viu, including an initial investment of $200M, resulting in a 26.1% stake. It also has an option to make a further investment and turn that stake into a controlling 51%.
In a statement, Canal+ talked expansion opportunities and plans to collaborate with Viu on premium production:
During the year, the French company expanded their stake in MultiChoice beyond 30%. This move similar to VIU raises speculation of a possible takeover and should that be the case one has to wonder what would become of Showmax and VIU in South Africa if it's operated by Canal+.
"This new strategic partnership will enable the further growth of Viu, leveraging the global strength and expertise of Canal+ through various initiatives including collaboration on premium productions and content creation, expansion of global market reach for Viu, and continual user experience improvement. The partnership will allow Canal+ to take a major step in developing Asia as its next growth engine.”
Viu is one of Asia’s leading streamers with more than 66 million monthly active users (MAU) and 12 million paid subscribers across Asia, the Middle East and South Africa. The service, which operates a combined AVOD and SVOD model, consistently ranks as the top streamer in terms of MAUs across Southeast Asia and second in terms of subscribers.
It produces a wide range of local-language drama series and lifestyle programming, with a focus on Thailand, Indonesia and Malaysia, and was a first mover in the acquisition of Korean content. In 2022, Viu reported $250M in revenue, representing growth of 36% year over year.
Maxime Saada, Canal+ Group CEO, said: “Canal+ already has leading market positions in Europe and Africa. We are now looking forward to developing Asia as an additional growth engine for the group. Our investment in Viu is a major step towards achieving this goal. Viu is already a business with scale, with its hybrid AVOD and SVOD business model and focus on local content, it has all the ingredients to deliver superior growth and continue to be a leading service in the region and beyond.
Janice Lee, Viu CEO and PCCW Media Managing Director, said: “When we launched Viu, we had set our sights on creating and transforming our media business into an international play by tapping into larger addressable markets in Southeast Asia, the Middle East, and South Africa. Having created a robust streaming business, we are excited to have the addition of Canal+ as a strategic investor to further accelerate growth by drawing on Canal+’s global strength in premium productions, content creation and distribution expertise.”
Redraw Your World: Boomerang Africa Investing In More Preschool As Cartoonito Becomes International Success
In an interview at the TV Kids Summer Festival, Amy Friedman the head of kids and family programming at Warner Bros. highlighted the successful impact of Cartoonito block which saw 15 titles blaze the lineup with more titles like Bugs Bunny Builders, Batwheels and Tom And Jerry Time being added in future.
Despite the outcome of Cartoonito, Warner Bros. Discovery is still creating competition amongst their brands as Boomerang loads its second preschool series for the year, Cocomelon which was picked up particularly for Cartoonito.
Cocomelon engages families with entertaining and educational content that makes universally-relatable preschool moments fun! All along with music and song for families to watch together.
Since its launch in 2018, it became the most viewed channel in the United States and second globally accumulating 135 million subscribers on YouTube with 129.5 million viewers on YouTube. Aside from YouTube, the content is viewable on several streaming platforms including Netflix, Hulu and Roku.
Cocomelon is expected to launch on Boomerang outside of Cartoonito by July which coincides with the recent launch of Legends Of Spark which is also preschool.
Taking that into account, is it possible that Warner is slowly phasing out Boomerang for Cartoonito by making the necessary changes to the lineup and with Boomerang being part preschool worked to their advantage.

