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# Canal+ bought out Showmax minority shareholder before killing it”

**[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments

## Summary

Canal+ acquired NBCUniversal's 30% stake in Showmax before shutting down the streaming service, according to disclosures in its half-year financial results. The buyout derecognised a negative non-controlling interest of €37-million, which bypassed the income statement and came directly off Canal+ shareholders' equity. The acquisition gave Canal+ sole ownership, removing the need to negotiate closure steps with a partner whose interests had diverged. Showmax's wind-down cost was substantial: €69-million in content costs including a €44-million impairment, and €70-million in cash consumption during the period. A €48-million tax gain turned an operating loss into a net gain of €15-million. For the full 2025 year, Showmax dragged €92-million off Canal+'s combined adjusted Ebit. The platform, relaunched in February 2024 on Peacock technology, was shut down at the end of April 2026 after Canal+ branded it an 'expensive failure'.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/canal-bought-out-showmax-minority-shareholder-before-killing-it/284200>

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