NBCUniversal is planning to lay off dozens of employees as the African streamer Showmax shuts down

Source: Business Insider

NBCUniversal is laying off staffers as the Showmax streaming service shuts down. Beata Zawrzel/NurPhoto via Getty ImagesNBCUniversal is planning to cut dozens of employees as the African streamer it jointly operated with Canal+ shuts down. Showmax was an "expensive failure," said Canal+, which owns 70% of the venture.