Showmax is a privately owned company headquartered in South Africa. It is a subsidiary of Multichoice and NBCUniversal and operates as a tier 2 media tech buyer. Founded in 2015, Showmax employs approximately 130 individuals and reported $6.5M in revenue as of 2023. The company specializes in media and TV services, functioning as an internet TV service in South Africa.
On February 15, 2026, the new French owners of MultiChoice, Canal+, implemented further cost-cutting measures by stripping SuperSport of its sports-buying power and delaying local production deals for DStv, leading industry veterans to warn of potential cultural missteps and competitive vulnerability. Earlier, on February 3, 2026, Showmax was reported to be struggling as Canal+, following its takeover of MultiChoice, prioritized profitability with swift cost-cutting initiatives, expected to impact Africa’s creative industry.