Entertainment 08 May 2022

Our Entertainment is the best in the World

Nigeria’s media and entertainment industry, “Nollywood,” originated in 1992. It is currently the second most prolific film industry in the world. It is a globally recognized brand for

practitioners in film, including script writing, directing, sound, acting, cinematography, make-up, and editing. The industry is located throughout several major production centers like Lagos, Onitsha, Enugu, Asaba, and Abuja.  Nollywood was valued at $3.6 billion in 2016 and is projected to be worth $6.4 billion by 2021. The music sector also recorded significant growth over the years. 

According to PwC Global Entertainment and Media Outlook for 2020-2024, Nigeria’s media and entertainment industry is one of the fastest growing creative industries in the world.  It has the potential to become the country’s greatest export, with projected annual growth rate of 8.6% and a compound annual growth rate (CAGR) of 19.3% from 2018-2023. PwC indicates that in 2021, Nigeria’s film industry contributed 2.3% and about 239 billion naira ($660 million) to GDP and projects that the industry will increase its export revenue earnings to over $1 billion. The motion picture and music recording industry exceeded 2020 projected $806 million revenue contributing about 730 billion naira ($1.8 billion) to the country’s GDP.

The country’s television and video market grew by 7.49% to $806 million in 2020, up from $732 million in 2018. The industry is projected to earn about $900 million in 2023. The market is driven by subscription revenue, which accounted for 72.26% of total revenue in 2018. TV advertising accounts for 21.31% of total revenue while physical home videos account for 5.33%. Subscription-based movie streaming are also very popular in Nigeria attracting players like Netflix, Iroko TV, and Startimes.  Although Netflix subscription has long been available in Nigeria, they made their official debut in Nigeria in February 2020, joining several major distributors of filmed content in Nigeria.

Read 436190 Views
Rate this item
(1 Vote)

You Must Also Like

49762 comments

  • Comment Link 道端アンジェ理科 Monday, 02 September 2024 13:36 posted by 道端アンジェ理科

    As it turns out, so is the process for obtaining financial
    aid. Before you can get your college cash, you'll need to think about accreditation, the key not only to a solid education, but also to obtaining aid to finance the
    cost. You don't need to go to school after all.
    If you have excellent credit and you feel like your
    rates are too high on your "good" debt, you may be able to cut costs simply by restructuring
    your "good" credit loans at lower rates.

  • Comment Link 大学 楽しくない 女子 Monday, 02 September 2024 13:35 posted by 大学 楽しくない 女子

    Companies can use knowledge mining applied sciences and web
    searches to grasp relational alerts. In its steerage, the APPF that European parties
    "are free to cooperate with events or organisations by way of ancillary types of affiliation (e.g., observers, companions, associates, associates)", however only a member could be claimed to fulfill the
    registration criteria, and only they'll present member contributions.
    Moreover, the European Parliament might exclude a European celebration from future public funding for
    as much as 10 years if it has engaged in illegal activities detrimental
    to the monetary pursuits of the Union, or has omitted data or supplied false
    or misleading info. Could 12, 2023, by Roadside Sights within the
    United States. Within the United States and Canada, Fool's Paradise was released alongside Blackberry and Hypnotic.
    In Canada, reversion values typically range from 16x-21x the NOI of yr of sale.

    As with Windows XP, separate rules still apply to OEM versions
    of Vista installed on new PCs: Microsoft asserts that these variations aren't legally transferable (though whether this conflicts with the suitable of first sale has but to be clearly determined legally).

  • Comment Link 食べ物 自販機 レトロ Monday, 02 September 2024 13:29 posted by 食べ物 自販機 レトロ

    Bell also patented it in Canada and transferred
    75% of the Canadian patent rights to his father, Alexander Melville Bell, with the remaining 25% being awarded to Boston telephone manufacturer Charles Williams
    Jr. in exchange for 1,000 telephones to be offered to the Canadian market.
    It's an ILEC (incumbent native change service) within the provinces
    of Ontario and Quebec; as such, it was a founding member of the Stentor Alliance.
    Its subsidiary Bell Aliant supplies companies within the Atlantic provinces.

    Nonetheless, most of the eye given to meeting demand for service centered on main cities in Ontario, Quebec, and the Maritime Provinces.
    One other major issue would be distance. It gives mobile service via its Bell Mobility
    (including flanker brand Virgin Plus) subsidiary, and television by way of its Bell Satellite Tv
    (direct broadcast satellite tv for pc) and Bell Fibe Tv (IPTV) subsidiaries.
    For just a few years, the senior Bell and his pal and enterprise associate Reverend Thomas Philip Henderson collected royalties from
    the lease of telephones to customers in the restricted late-1870s Canadian market, who both operated their own personal telephone lines or subscribed
    to a 3rd celebration telecommunications service provider.

  • Comment Link ca 人気ランキング Monday, 02 September 2024 13:15 posted by ca 人気ランキング

    Wells Fargo, in its current kind, is a result of a merger
    between the original Wells Fargo & Firm and
    Minneapolis-based mostly Norwest Company in 1998.
    The merged company took the better-known Wells Fargo identify
    and moved to Wells Fargo's hub in San Francisco. In 2022, Wells Fargo announced a purpose of reducing absolute emissions by firms it lends
    to in the oil and fuel sector by 26% by 2030 from 2019 levels.
    Brody, Liz (August 21, 2019). "How These Followers Made Thousands and thousands of Dollars, Beginning With Some Collectible Sneakers".
    Arthur, Charles (September 29, 2014). "Ten things to learn about BlackBerry -- and the way a lot bother it's (or isn't) in".
    Mukherjee, Supantha; Chan, Edwin (October 6, 2014).
    "Hewlett-Packard to break up into two public firms, lay off 5,000".

    Reuters. On October 3, 2008, after Wachovia turned down an inferior
    supply from Citigroup, Wachovia agreed to be purchased by Wells Fargo for about
    $14.8 billion in stock. This brought on Overland to default
    on its debts to Wells Fargo, allowing Wells Fargo to take management of the mail route.
    The negotiations failed. Citigroup was unwilling to take on extra danger than the $forty two billion that would have been the cap
    beneath the earlier FDIC-backed deal (with the FDIC incurring all losses over $42 billion).

  • Comment Link 赤ちゃん 成長 写真 Monday, 02 September 2024 13:15 posted by 赤ちゃん 成長 写真

    It assumes a seller who is compelled to sell after an exposure interval which is lower than the market-normal time-body.

    Gamers included fullback John Yarborough and quarterback
    Charles Maison who was later an All-American at Elon College.
    Raynolds, Laura T.; Murray, Douglas; Wilkinson, John (eleven June 2007).
    Honest Trade: The Challenges of Transforming Globalization.
    Capital controls had been launched in Greece in June 2015, when Greece's authorities
    came to the end of its bailout extension interval without having come to an settlement on a further extension with its creditors and the European Central Financial institution decided not to additional improve
    the level of its Emergency Liquidity Assistance for Greek banks.
    On 9 June 1978, two staff had been killed at the Kwinana Nickel Refinery,
    J. W. Bell and S. J. Haywood. Production figures revealed by the company
    at the tip of 2008 are for the whole Nickel West Operations and not
    damaged right down to particular person mines.

    Dragon Nest: Continenth Exploration, also known as Dragon Nest Wonderland (新龍之谷大富豪 WONDERLAND) in Taiwan and Hong Kong, was monopoly fashion recreation for
    iOS and Android released in July 2014. The game was solely released in China, Taiwan and
    Hong Kong earlier than shutting down in November the identical yr.

  • Comment Link ゆこゆこ県民割群馬県 Monday, 02 September 2024 13:12 posted by ゆこゆこ県民割群馬県

    Stock Alternate trading actions additionally increased in 1988-1990 after the deregulation bundle in the banking and capital markets was launched.
    Sanguine capital inventory market is the best place
    to invest your money. Make Life EasyKitchen designers and manufacturers are doing their finest to give us
    a serving to hand. Auxiliary refrigerators are additionally useful:
    stand-alone ice-maker units, wine refrigerators, and refrigerator drawers that seem like cabinets however reveal a freezer or refrigeration unit.
    Accessible from domestic and foreign manufacturers, some
    models are streamlined like race automobiles. In addition to classic old-fashioned hardwood bookcases, there
    are freestanding sculptural shelf models manufactured in retro trendy shapes
    and materials like polypropylene and aluminum. As a substitute of
    merely putting some shelving on the family room wall, for example, rework the whole wall into a storage area
    fabricated from steady materials. Move in Modulars:
    Modular items can be found in dozens of kinds and
    supplies from plastic to wooden. Hopkins wrote to Tuck in July 1928,
    then 85 years old and residing in France, outlining his causes for the proposed transfer and asking permission to release Dartmouth from the
    stipulation concerning the use of the original Tuck Corridor.

  • Comment Link 風になびく Monday, 02 September 2024 13:05 posted by 風になびく

    Despite what Schwarzbein says about not focusing on calorie counts, if you eat too many calories, you'll gain weight.

    The diet provides four weeks' worth of sample menus for the "healing program," which
    Schwarzbein says reverses insulin resistance and repairs your metabolism.

    Like some other weight-loss diets, which have very
    little in common with the Zone, Sears' plan is
    supposed to do this by controlling and bringing into balance the body's hormones, particularly insulin.

  • Comment Link 安曇野気温 Monday, 02 September 2024 13:03 posted by 安曇野気温

    The CISI's exams are governed by a number of policies and regulations.
    Collection management, specifically with IT assets,
    specials with allocating almost all organization methods effectively so that you can possess fresh solutions as
    well as products and services in which meet your benchmarks and also insurance policies arranged through the corporation.

  • Comment Link なのね語尾男 Monday, 02 September 2024 13:02 posted by なのね語尾男

    The extra capital you get from selling your home and moving to a
    smaller place could be used to supplement your retirement income and rule out the need for a reverse mortgage.
    For instance, when you are looking to buy land that you can use to build a mall, you would have to first do some research to find
    out what neighborhoods would benefit the most from such a thing, and also where you would get the most demand for your services.

  • Comment Link 勝手にオネーサン 何者 Monday, 02 September 2024 12:58 posted by 勝手にオネーサン 何者

    The two moving averages create a histogram that oscillates around a centerline, at
    zero. It uses the difference between two moving
    averages to give an indication of a stock's trend momentum.
    As the bands tend to contain most, if not all, of the stock's
    price swings, it is used to spot potential trend reversals,
    as the price touches or pierces one of the bands (i.e. if the
    price touches or pierces the upper band, it can be expected that the price will fall back down inside the bands).

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Newsletter Subscribe

Allows the customer to subscribe to the mailing list of your choice