Canal+ has commited to “double down” on local African content made with big budgets like Shaka iLembe as its $2B acquisition of South African giant MultiChoice closes, with CEO Maxime Saada today unveiling the new team.

Saada addressed press and investors this morning following the news, which he described as the “largest transaction we have undertaken” that will create a “global media and entertainment powerhouse,” serving more than 40 million subscribers across nearly 70 countries in Europe, Africa and Asia with 17,000 staff. The acquisition should complete fully on October 7.

Saada, who becomes chairman of the new Canal+-MultiChoice board, unveiled the group’s senior leadership team based out of Johannesburg. MultiChoice CEO Calvo Mawela is leaving his role along with CFO Timot

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