NOLLYWOOD ACTRESS TOPE OSOBA’S BURIAL POSTPONED INDEFINITELY AS FAMILY ADDRESSES CAUSE OF DEATH RUMORS. (PHOTO).

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 Nollywood Actress Tope Osoba’s Burial Postponed Indefinitely as Family Addresses Cause of Death Rumors The family of the late Nollywood actress, Tope Osoba, has announced the indefinite postponement of her burial ceremony. The decision, which comes weeks after her sudden passing, has sparked widespread conversation among colleagues, fans, and the general public regarding the circumstances surrounding her death. In an official statement, the family explained that the delay is necessary to allow for further arrangements and the resolution of essential matters related to her passing. This announcement follows the successfully held candlelight procession and Artist’s Night, which were organized to honor the memory of the beloved actress. Foluke Daramola Clarifies Cause of Death Rumors The postponement comes amid growing speculation about what led to the actress's demise. Addressing mourners and colleagues during the tribute events, prominent Nollywood actress Foluke Daramola debunked ...
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MULTICHOICE'S SHOWMAX IS SHUTTING DOWN AFTER 11 YEARS, WITH THE COMPANY CITING HUGE LOSSES AND FAILURE TO MEET SUBSCRIBER GROWTH TARGETS. (PHOTO).

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MultiChoice's Showmax is shutting down after 11 years, with the company citing huge losses and failure to meet subscriber growth targets. 

The decision comes after a strategic review aimed at strengthening its overall digital offerings and ensuring long-term sustainability in a competitive streaming environment 1 2 The platform, launched in 2015, was conceived as MultiChoice's answer to global streaming services such as Netflix and Amazon Prime Video. 

Despite investing $309 million in equity funding in 2024, Showmax struggled to gain traction, accumulating losses of about €370 million (S$428.9 million) in the three years leading up to the Canal+ takeover  MultiChoice has assured subscribers that their service will continue uninterrupted for now, and no immeiate action is required. The company is working on a subscriber and content migration plan, which will be communicated in the next few weeks. The shutdown is part of Canal+'s cost-cutting measures, aimed at saving about €400m by 2030 . 

Key points:

 • Showmax will be wound down in the coming months, with no job losses due to a three-year retrenchment ban in the takeover agreement. 

• MultiChoice will focus on its television channels, including Africa Magic, M-Net, and Mzansi Magic.

 • The decision reflects the challenges of building a profitable streaming business in price-sensitive African markets. 

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