KIM KARDASHIAN AWARDED SYMBOLIC 1 EURO IN DAMAGES OVER 2016 PARIS ROBBERY.(PHOTO).

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 Kim Kardashian Awarded Symbolic 1 Euro in Damages Over 2016 Paris Robbery A Paris court has officially awarded media mogul Kim Kardashian a symbolic 1 euro ($1.15) in damages following the infamous 2016 armed robbery in the French capital. The ruling marks a major milestone in the reality star's quest for closure after what she previously described as the most terrifying ordeal of her life. Accountability Over Compensation The nominal sum awarded to Kardashian is exactly what she had requested from the court. In a joint statement with her stylist, Simone Harouche who was also present during the heist and received a matching 1-euro award Kardashian emphasized that the legal battle was never about money. "The experience was deeply traumatic, and its impact has stayed with us. Today’s decision is not about the compensation, but about accountability and recognition," the pair said in a statement. They expressed their gratitude to the French justice system and noted their hop...
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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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