TSRC:
Lagos, Nigeria(CNN) As part of its plan to strengthen its position in Africa's movie market, French media giant, Canal+ Group, has acquired Nigerian production studio, ROK film studios from VOD company IROKO TV...

Kudos to the Canal+ Group team for being astute investors...

Omudia11:
Damn, she's the owner?

Started by her husband Jason njoku, but he allowed her manage it, she has done pretty well

enemmo:


I put the link to a two part medium article the husband wrote.
ROK is under iroko TV but the woman made it what it is today

Of course, the woman made it what it is.
I don't deny that.

Some people say population is our problem. Yet, they forget that in our population resides our drive and motivation to succeed and this is why Nigerians always thrive to be exceptional. Only if our political sphere is good enough.

davibid:


...

Sometimes I wonder how well Nigeria would have been if only our leaders would create that enabling environment for us because regardless of all the hurdles we face we remain a force to be reckoned with in so many areas.

Nice one!

Nigeria will be great someday!

...

---

#KINGBID

TSRC:
Lagos, Nigeria(CNN) As part of its plan to strengthen its position in Africa's movie market, French media giant, Canal+ Group, has acquired Nigerian production studio, ROK film studios from VOD company IROKO TV.

According to a statement released by ROK on Monday, the studio, launched in 2013 by actor and producer, Mary Njoku, is Nigeria's largest production house with more than 500 movies and 25 TV shows.


The organization currently produce Ghanaian and Nigerian movies, reaching 15 million subscribers across DSTV and GOTV platforms, the statement said.

Njoku says that Canal+ is working with ROK because the studio has the ability to create Nollywood content at scale.

"They (Canal+) wanted an organization that could supply their studio with Nollywood content. They have some channels in Francophone Africa and wanted a supply of African content for those channels," she told CNN.

Canal+ currently offers Nollywood TV, a fiction channel dedicated to Nigerian movies to its subscribers in French-speaking countries.
The French media company has turned its sights on African viewers as growth has declined in its home terrain due to competition from Amazon, Apple and Netflix.

"This acquisition represents a key stage in Canal + group's international expansion. It allows the group to be present across the entire Nollywood value chain, and acquire unique expertise in the mass production of African fiction -- films, series, and entertainment," Canal+ said in a media release.

Acquiring ROK will create more hours of Nollywood content for Canal+ Group's audience in France and represents a battle for African eyeballs between media powerhouses such as Netflix and China's StarTimes.

Njoku says the acquisition is a sign that Nigeria's movie industry is doing well in producing quality content for the continent.

"When a company as big as Canal+ acknowledges and is ready to work with us to export Nollywood, it sends out a positive signal to the movie industry. Filmmakers are assured that they are doing something right," she said.


Netflix,in particular, has taken a keen interest in the African market, appointing award-winning Kenyan film producer Dorothy Ghettuba as the Manager for International Originals, and making several high profile Nollywood acquisitions, such as Lionheart and Chief Daddy.

The US media streaming company first captured the heart of the African audience in 2015 when it paid $12million for the worldwide distribution rights of 'Beasts of no Nation', starring award winning actor, Idris Elba.

In the same year, Netflix started the distribution of Nigerian movies buying blockbusters like 'October 1' and 'Fifty.'

In 2017, PAY TV operator, StarTimes announced the listing of Nollywood movies as part of its export to the Chinese market, signaling an interest in Nigeria's movie market.

https://amp.cnn.com/cnn/2019/07/15/africa/rok-studio-acquisition-intl/index.html

Nigerian business will discuss all the details from technical to historical to Brand's to ownership but will leave out the financial
Mtcheeww

SocialJustice:
Very stale news. Important news won't make front page on time here but snake and Regina takes less than 15 minutes

The news came out middle of July. Not so long ago.

So how exactly is.it stale if most people here don't know?

TSRC:

The news came out middle of July. Not so long ago.

So how exactly is.it stale if most people here don't know?

For some of us, business news is more important than political news and we need it as it happens, not 2 weeks later.

How will you feel if the news of Buhari's ministerial list hit FP for the first time today and you only just got to know about it?

White people owning our media and perverting it is not an accomplishment, furthermore, their involvement only means they want to own our art and push black people out.

Population is our greatest asset, if harnessed appropriately just like China did. The entertainment industry is highly successful because it’s the only sector that there’s nothing like nepotism and tribalism, it’s pure simple competition where the best is rewarded. If you don’t produce a good song, nobody buys it regardless of your tribe, if you produce shitty movie, you get the reward instantly. You see collaborations between all the tribes. Just imagine that all the sectors of the Nigerian society functioned that way, where we truly had a society driven by meritocracy we would have truly been the giant of Africa.

traihit:

Some people say population is our problem. Yet, they forget that in our population resides our drive and motivation to succeed and this is why Nigerians always thrive to be exceptional. Only if our political sphere is good enough.

When was the last time you have heard of an African buying out a European, Asian or American conglomerate?. Those who control the media control the narrative and their image. Never trust the Frenchs, there is always an agenda

Omudia11:
Damn, she's the owner?

she and her husband Jason.

Solatium:



Nigerian business will discuss all the details from technical to historical to Brand's to ownership but will leave out the financial
Mtcheeww

exactly. I was actually looking out for the financial details.

Omudia11:
Damn, she's the owner?

her husband actually does

traihit:

Some people say population is our problem. Yet, they forget that in our population resides our drive and motivation to succeed and this is why Nigerians always thrive to be exceptional. Only if our political sphere is good enough.

It is because your political sphere is not as competitive.
Other sectors get the best of the best but not the politics.

If our politics was ranked like our entertainment industry, the last two candidates in 2019 with the least number of votes should be buhari and atiku.

TSRC:

It is because your political sphere is not as competitive.
Other sectors get the best of the best but not the politics.

If our politics was ranked like our entertainment industry, the last two candidates in 2019 with the least number of votes should be buhari and atiku.

What could be the reasons for this and how can Nigeria ensure that it is people of great intellectual pedigree that gets to participate in elections? How do we ensure that our democracy is not left to the dogs to compete?

traihit:


What could be the reasons for this and how can Nigeria ensure that it is people of great intellectual pedigree that gets to participate in elections? How do we ensure that our democracy is not left to the dogs to compete?

I honestly don't know.

If we adopt the American electoral system where who.wins is.not by the highest number of overall votes, then it could be possible to have better candidate winning.

But in a case of Nigeria, where the largely illiterate north have far more votes than any where else, we will keep getting the worst candidates with a lot of money or ethno religious support.

Africans are always so quick to give up their little Innovations to Western companies who will only pay them peanuts to take over the industry and re-exploit them all over again, smh. The cycle always repeat itself.

Tongue out for what dude

TSRC:

Yes.
Courtesy of her husband, of course

Ajsmart:
Africans are always so quick to give up their little Innovations to Western companies who will only pay them peanuts to take over the industry and re-exploit them all over again, smh. The cycle always repeat itself.

It could be a majority share. It didn't say it was a complete take over.

Look at the bigger picture. It could mean more reach, revenue and professionalism for Nollywood.

https://www.youtube.com/watch?v=ti5XkDwNcag

French Canal+ BUYS Nigeria's Biggest Film Studio ROK

France's largest Television Network Canal + has bought Nollywood's largest studio as their viewership in French speaking countries increases with a consequent interest in Africa movies and TV shows. My only fear is that slowly they will start to push their ideologies into our movies

TSRC:

It could be a majority share. It didn't say it was a complete take over.

Look at the bigger picture. It could mean more reach, revenue and professionalism for Nollywood.

Actually when it comes to merger and acquisition deals it profits the two sides.
Canal + wanted a stake in Africa's movie market
that has been expanding in its growth which Iroko TV is a major player while Iroko wanted access to the global capability of canal +.

Moreover when the news was announced about two weeks ago Mrs Njoku is still the MD of the company. Still running the production and everything about it. Good deal for both sides.

https://www.youtube.com/watch?v=W0ml91kQbRU

Nollywood ROK: The Long Term Consequences Of Not Controlling Your Image

Horus:

https://www.youtube.com/watch?v=ti5XkDwNcag

French Canal+ BUYS Nigeria's Biggest Film Studio ROK

France's largest Television Network Canal + has bought Nollywood's largest studio as their viewership in French speaking countries increases with a consequent interest in Africa movies and TV shows. My only fear is that slowly they will start to push their ideologies into our movies

Horus.Dont you know ppl in 9ja don't have data to watch 12 minute youtube videos!
Thats why they so uninformed about the real world.

Horus:

https://www.youtube.com/watch?v=ti5XkDwNcag

French Canal+ BUYS Nigeria's Biggest Film Studio ROK

France's largest Television Network Canal + has bought Nollywood's largest studio as their viewership in French speaking countries increases with a consequent interest in Africa movies and TV shows. My only fear is that slowly they will start to push their ideologies into our movies

.canal + is here to make money.
Changing the ideology would not help them make money

They just want a steady supply of movies for their African market.

TSRC:
.canal + is here to make money.
Changing the ideology would not help them make money

They just want a steady supply of movies for their African market.

If they just wanted films, they could cut a contract deal with Nigerian studios for access to media. That happens all the time.

They bought the whole studio. That's a power move. They want power over our art, our message, and our earnings.

Changing ideology does make them more money. They cater to white racist fantasies and white people throw money at them.

I like this couple (Mary and Jason).

Cousin9999:


If they just wanted films, they could cut a contract deal with Nigerian studios for access to media. That happens all the time.

They bought the whole studio. That's a power move. They want power over our art, our message, and our earnings.

Changing ideology does make them more money. They cater to white racist fantasies and white people throw money at them.

They bought a studio, not our art. We have many other studios.
If you read the article, canal is trying to pander to African viewers abroad.
Those racist white market can no longer satisfy their revenue goals given the stiff competition between Netflix and co.

They want the African global market and changing the ideology would not help their bottom line.

Besides, It could be a majority partnership in the company.
Mary Njoku is still the CEO.

TSRC:

They bought a studio, not our art. We have many other studios.
If you read the article, canal is trying to pander to African viewers abroad.
Those racist white market can no longer satisfy their revenue goals given the stiff competition between Netflix and co.

They want the African global market and changing the ideology would not help their bottom line.

Besides, It could be a majority partnership in the company.
Mary Njoku is still the CEO.

Do you work for the French company?

TSRC:

It could be a majority share. It didn't say it was a complete take over.

Look at the bigger picture. It could mean more reach, revenue and professionalism for Nollywood.

Canal is too big of a corporation to share stakes with an African innovator. The best they will offer is take over completely and re-employ the innovator in order to exploit further creativity and continuity. Eventually the Innovator becomes a puppet until the entire industry is revamped to the Corporation’s taste and the cultural values are diluted and watered down. This is an old tirick but the naive Africans will rejoice at the impending detriments.
No Euroepan or American organisation will have the interests of the African in mind. Wise up!

Ajsmart:


Canal is too big of a corporation to share stakes with an African innovator. The best they will offer is take over completely and re-employ the innovator in order to exploit further creativity and continuity. Eventually the Innovator becomes a puppet until the entire industry is revamped to the Corporation’s taste and the cultural values are diluted and watered down. This is an old tirick but the naive Africans will rejoice at the impending detriments.
No Euroepan or American organisation will have the interests of the African in mind. Wise up!

I don't see how diluting anything will serve canal's interest.
Their target market is African global viewers.
Their aim is to make money, not to carry out cultural imperialism.

That is why they still have the Lady in charge. Do your thing and send us the money.

I am more concerned about the economic aspect than any cultural change.

TSRC:

I don't see how diluting anything will serve canal's interest.
Their target market is African global viewers.
Their aim is to make money, not to carry out cultural imperialism.

1. Media is an arm of the government and its interests first.

2. Their target market is who they can make the most money from. They don't care about the black market other than to use us as taste makers and resources for innovation. They will tailor content for racist, rich masses who want to see stereotypes acted out to manage their insecurity and their jealousy with regard to us and our cultures.

3. Whites don't like Nollywood. They hate the idea of black media that excludes them and their sickness. It literally makes them angry to think black people will eventually stop consuming white media and only consume black media fully owned by black people. It makes them angry to think we have media that contradicts their sick ideologies, and focuses on the beauty and diversity of our culture/history/experiences.