French television company Canal+ has acquired the ROK film studio from VOD company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010 and backed by $45 million in VC, IROKOtv boasts the largest online catalog of Nollywood film content in the world.
As the 2019 Cannes film festival kicks off in Palais des Festivals, Cannes, France, 10 Nollywood stars will join other African film stars to sell the African narratives.
The latest boost local movie industries in Africa are getting is data. Comscore, the US-based media analytics company known for providing box office measurement data, is expanding operations to nine African countries where it will "capture more than 95% of all revenue and admissions."
The Ladima Foundation, the Pan-African not-for-profit organisation dedicated to supporting and promoting women in the film and TV industries across Africa is proud to announcement the appointment of Lydia Idakula Sobogun to its management team in Nigeria.
British-Nigerian actor-director Chiwetel Ejiofor said the rise of streaming platforms and a growing appetite for new voices in movies have opened the door for "epic" African stories to reach a global audience.
For the first time in Netflix history, the streaming service has climbed on board to produce the new Nigerian flick 'Lionheart'.
This move is in line with the streaming service rapidly expanding local programming on major continents. The streaming service recently announced at the Content London conference that its Europe team has been looking into opportunities in Africa.
Plans for a mutually beneficial working relationship in film production and distribution between Nigeria and France have reached an advanced stage. This was disclosed at the French Day Roundtable -- one of the industry sessions at the ongoing Africa International Film Festival (AFRIFF).
Netflix is finally putting its $8 billion original production budget to work in Nigeria's Nollywood movie industry.
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