In a sudden and unexpected move, AMC Networks-owned stream Acorn TV has told subscribers in South Africa that it is shutting down. Four years after arriving in the market, Acorn posted a message on its service that said: “We regret to inform you that Acorn TV will shut down in South Africa by the end of 2022. Please cancel your subscription by going to My Acorn TV and then Manage Account.”
South Africa is a highly-competitive streaming market where the likes of Netflix and Disney+ are slugging it out with the likes of Multichoice’s Showmax and the newly-launched SABC+. As yet, AMC Networks has made no official comment.
During its most recent financial results (Q3, 2022), AMC Networks’ new CEO Christina Spade said the company expected its overall streaming business to be around 12 million by the end of the year. She said there was “a good runway for streaming…
