Netflix invested N9 billion in Nigeria movie trade from 2016 to 2022: Official

World streaming service Netflix on Friday mentioned it invested N9 billion within the Nigeria movie trade from 2016 to 2022.

Shola Sanni, Director of Public Coverage for Sub-Saharan Africa, Netflix, made this identified on the second Nigeria Digital Content material Regulation Convention held in Lagos.

The 2-day occasion had in attendance stakeholders within the native and worldwide streaming companies, impartial producers, Free-To-Air, Pay TV Operators, Telcos, content material creators and different operators within the movie trade.

Ms Sanni acknowledged that this was performed via changing native movie titles, capability constructing and infrastructure growth within the trade.

She famous that Netflix had invested in over 200 native licensed titles, co-produced and commissioned unique movie content material.

In response to her, 125 movies and TV sequence can be found on Netflix as of November 2022.

The Netflix official mentioned the streaming service was investing closely to make sure that all subscribers the world over loved the identical content material at will.

“We love Nigeria and consider in it and that’s the reason we’re investing within the Nigeria movie trade to entertain Nigerians and the world, with the best-in-class tales from the nation.

“We’re poised to inform tales that aren’t solely fascinating in Nigeria, however in different 189 nations the place Netflix is current,” she mentioned.

In his welcome tackle, Govt Director, Nationwide Movie And Video Censors Board (NFVCB), Adedayo Thomas, mentioned the convention was an avenue to debate rules within the movie trade, with deal with streaming companies.

He acknowledged that the convention which began in 2021, was geared towards starting stability and fairness to the ecosystem particularly with the disruption of the digital period.

“The general objective of this convention is to create a platform for strong dialogue between the federal government, via the regulator and the Video-on-Demand (VOD) platforms.

“That is led by the Over-The-High Streamers, as the federal government strives to supervise, monitor, reasonable and stability the digital phenomenon for all gamers.

“Because the shift from conventional to digital content material consumption and the operations of native and worldwide Over-The-High (OTT) streaming companies proceed to impression on the expansion of the native movie trade in Nigeria.

“It has change into crucial to convene the second version of this convention,” he mentioned.

In his goodwill message, Sunday Ododo, Common Supervisor /CEO, Nationwide Arts Theatre, counseled Mr Thomas’ push for a strong consciousness on what the trade is doing .

Mr Ododo mentioned that the huge ongoing building of over 100 million {dollars} on the Nationwide Theatre was geared towards making the venue tremendous unique for performances and exhibitions.

“Work has reached a complicated stage, and a part of the power prepared. We’ll do take a look at run between  Nov. 14 and Nov. 18, 2022,” he mentioned.

(NAN)