Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,409 members, 7,815,905 topics. Date: Thursday, 02 May 2024 at 08:43 PM

NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria - Investment (5) - Nairaland

Nairaland Forum / Nairaland / General / Investment / NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria (42048 Views)

NBC, Broadcasters To Unlock $20bn Into Nigeria’s Economy With Africast / Step Involves To Become NBC Distributor / NBC Code Amendment And Exclusivity In Broadcasting (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by edoairways: 1:02pm On Jun 09, 2020
Sagay212:
All of them should phuck off especially that African magic. In fact the whole multichoice should phuck off. Very useless people.
Why.?
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by edoairways: 1:03pm On Jun 09, 2020
sexylassie2:


epl is exclusive to dstv because dstv can afford it, how many local stations can afford epl right, if dstv decides to sub license to them
They should sub let abeg
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by edoairways: 1:10pm On Jun 09, 2020
kode12:
I may not be getting the full picture here, but the government wants to stop exclusivity. As part of intellectual property rights, there's no way the government can force a content provider to give out its intellectual property for free, there'd have to be financial gains for such a transaction for the content provider. I believe the problem these companies have with the new order and exclusivity is the fact that they can't exclusively hold rights of distribution to their works and hence stipulate and force consumers to pay whatever they please because said customers have no alternatives. Competition helps the common man at the end of the day, FG should compel them to sub-license to other broadcasting organizations who want their contents, let them negotiate and flood the market, they'd definitely make their profits back, they won't just make insane margins at the expense of the common man. At the end of the day, the ordinary man benefits, that's what governance should be.
And that is what the government wants to do
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by SarkinYarki: 1:14pm On Jun 09, 2020
Goke7:


all you have said benefits only a few according to your 100s and 200s in a pool of hundreds of millions and there are other current platforms that does the same. those programs are not the kind of stuff that can wipe out poverty from millions of Nigerians

MTN was even exploitative from these shows as millions of poor Nigerians part away with their small change to participate by voting.

You talk like a man who has been subsidized all his life ..Your govt that collects daily from govt what have they given you in return ...I got my breakthrough as youth from MTN and it was the pedestal that put me where I am today and doing bigger and greater things that will employ much more people and pay more taxes .. You subsidized guys don't see without a functioning economy soon govt will not be able to pay your salaries

1 Like

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by temptnow: 1:36pm On Jun 09, 2020
Top1gun:


You shut up when u have nothing intelligent to contribute to a thread.

the guy is right, you should be the one to shut up.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Kennyking1234: 1:48pm On Jun 09, 2020
Slawormir:
Damnnnnn niggarrr
Isoright

Netflix can go fuckkk themselves


I prefer make DStv remain
Netflix can fuckkking zoom off

Netflix too greedy.

You go subscribe finish just to access them
Then you go also need to do data subscription just to watch or download
The downloaded movies will be stored to your Netflix account only. Greedy fuckkkers
Then again your movies way you download go still dey expire
Even if you share account with your siblings or friends
Them nor go fit view your movies except them download their own
Haba



I know but Netflix greediness too much
racist
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by RTSC: 1:59pm On Jun 09, 2020
kode12:
I may not be getting the full picture here, but the government wants to stop exclusivity. As part of intellectual property rights, there's no way the government can force a content provider to give out its intellectual property for free, there'd have to be financial gains for such a transaction for the content provider. I believe the problem these companies have with the new order and exclusivity is the fact that they can't exclusively hold rights of distribution to their works and hence stipulate and force consumers to pay whatever they please because said customers have no alternatives. Competition helps the common man at the end of the day, FG should compel them to sub-license to other broadcasting organizations who want their contents, let them negotiate and flood the market, they'd definitely make their profits back, they won't just make insane margins at the expense of the common man. At the end of the day, the ordinary man benefits, that's what governance should be.
And if they leave, will you replace what is lost?

Exclusivity is king everywhere.

You can't force Sky Sports to sell contents to other broadcasters in the United Kingdom.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by RTSC: 2:02pm On Jun 09, 2020
Bagehot:


Where is the monopoly? I spend money to create content - pay writers, actors, and crew, and I'm being forced to give up my content at a price point I cannot even choose Why can't competitors do same? Even in the West where these streaming companies were birthed, they compete on content to attract customers - hence why Game of Thrones was exclusive to HBO, and some Netflix users had to migrate to that platform. Do you know what Netflix did after that? They put their head down, and created even better content.
These morons in power wants to wreck the only functioning industry.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Elxandre(m): 2:11pm On Jun 09, 2020
sexylassie2:


They do, for example DSTV bought the license for Game of throne the last season from HBO, they advertise it but people didnt buy because of illegal download.
They might offer it to other platforms after the end of the show.
Some cable platforms show HBO btw, not sure about DSTV.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AsawanaDgreat: 2:19pm On Jun 09, 2020
wickyyolo:


After you will open a new account and come to beg .

Do you know the implications of letting investments go to other countries?
when they go other better once will come.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by happYFingers(m): 2:23pm On Jun 09, 2020
But why is NBC not enforcing this code on DSTV so they can re-licence others to air football matches from Dstv's monopolistic license ?

Or is it that DSTV have sacrificed to the gods and has become an exemption to this rule ?
Can't DSTV sublet their licence to Tstv, hitv and co ?
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by kode12: 2:33pm On Jun 09, 2020
Bagehot:


Are we a socialist or free-market economy?

If I was in these guys shoes, I would simply not release the locally created content in Nigeria, but rather target other African countries, and the diaspora. How many of Nigeria's bottom half can even afford the internet access to stream online content? And guess who loses at the end of the day? Nigerian artistes, and the local population who enjoy fewer content. This move is being motivated by greedy politically-backed business-men who want to reap where they did not sow.
If Nigeria's bottom half cannot afford the internet to enjoy these content, we'll the providers can go away with their content as well, it means there wouldn't be that much effect on the people after all. And yes, I agree it's probably motivated by greed on the part of the politicians. Free market is only free where there's competition to force all players to run fair, in the Nigerian context that competition isn't there and the people suffer from it. You can't force content distributors to sell to a particular firm, but you definitely can take away their rights to exclusively distribute whatever content there is to distribute. If the market is so unfavorable to them, let them pull out.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by derolemode(m): 2:38pm On Jun 09, 2020
.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by kode12: 2:40pm On Jun 09, 2020
RTSC:

And if they leave, will you replace what is lost?

Exclusivity is king everywhere.

You can't force Sky Sports to sell contents to other broadcasters in the United Kingdom.
You won't die if what is lost is not replaced. How much does Netflix generate as revenue from Nigerian users, how much of that amount does it pay to Nigeria in the form of taxes? Big companies cannot continue to monetize our large population while offering nothing of substantial value back into the system. If only Nigeria was in a better place, the government ought to demand outright distribution rights from these companies for their content at a percentage. Tech companies will always scream and throw tantrums but the truth remains that these guys will still make a killing in profits after all said and done. Don't make it seem like they're helping Nigeria.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by grandstar(m): 2:44pm On Jun 09, 2020
sexylassie2:


For content creator sublicensing is a world wide thing, it is beneficial to everyone

Imagine if i have a catalog of originial old and classical movies, i can sub-license it to other companies and make money

Do you think government didnt hear the opinion from original content creators like dstv and others before creating the code or do you think dstv does not sub license or buy original movies from movies maker?, they do, all their movies they show in their channels are bought or license from movies makers

This is a win win situation, it is beneficial to all.

Infact, it will help dstv in buying more original contents from local producers

I honestly don't agree with what you've written.

Africa Magic is owned by DSTV if I'm correct. These foreign guys pay big cash to get exclusivity to content creators. This provides a big incentive for them to produce high-quality programming which their paid subscribers love and compels them to renew their subscription. They need that exclusivity to lure and keep subscribers.

Now, you take away that exclusivity and I'm sure the money they'd be ready to pay for content will drop. Content creators don't sell to them simply because they like their face. They pay handsomely. Not just that, it is easy distribution.

Take away the exclusivity and force them to license and you will chase them away or the amount they pay for content drops considerably. Local content creators are the ones who will suffer. Rights to Lionheart was bought for an outrageous sum. Genevieve may kiss such generosity if she wants sublicensing. She may just be paid a token for Lionheart 2 or 3 compared to what she got for the first one. Genevieve will probably sign it completely away.

I have nothing against sublicensing. My grouse is don't force it upon them. It should be more at their discretion and not for misguided patriotic or consumer-friendly reasons. Satellite TV and Web streamers run monopolistic and oligopolistic structures and it pays the content creators handsomely. If these foreign guys do disappear, local content creators will suffer.

Mike Tyson was asked why does he stick with his manager Don King even though he does not deliver the purse money he promises? He replied that 10% of what Don King still pays out is more than 100% of what the others pay. It might be the same in this case.

4 Likes 1 Share

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by derolemode(m): 2:53pm On Jun 09, 2020
.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by dvkot(m): 2:59pm On Jun 09, 2020
freshkpomo:
Them dey threaten us?? We don't suffer o...



Let's make Nigeria great together.



God bless Nigeria.
so as old as you are you still belive in this childish mantra "that nigeria will be great"
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AZeD1(m): 3:07pm On Jun 09, 2020
kode12:

You won't die if what is lost is not replaced. How much does Netflix generate as revenue from Nigerian users, how much of that amount does it pay to Nigeria in the form of taxes? Big companies cannot continue to monetize our large population while offering nothing of substantial value back into the system. If only Nigeria was in a better place, the government ought to demand outright distribution rights from these companies for their content at a percentage. Tech companies will always scream and throw tantrums but the truth remains that these guys will still make a killing in profits after all said and done. Don't make it seem like they're helping Nigeria.
You still don't get it.

Everyone is free to create content but if you say I must share my content, then why will I bother creating?

How would you feel if the government said you must share your salary with your neighbour?

Netflix has a dedicated server in Lagos that provides jobs for people who pay tax.

Everyone's shouting about DSTV and EPL but they've not bothered about the local league. Even NTA doesn't show our local league but they want to show a foreign League.


When DSTV, Netflix and Iroko invest in content, they are not sure of profit until it's successful and the successful content helps to pay for flops.

1 Like

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AZeD1(m): 3:13pm On Jun 09, 2020
grandstar:


I honestly don't agree with what you've written.

Africa Magic is owned by DSTV if I'm correct. These foreign guys pay big cash to get exclusivity to content creators. This provides a big incentive for them to produce high-quality programming which their paid subscribers love and compels them to renew their subscription. They need that exclusivity to lure and keep subscribers.

Now, you take away that exclusivity and I'm sure the money they'd be ready to pay for content will drop. Content creators don't sell to them simply because they like their face. They pay handsomely. Not just that, it is easy distribution.

Take away the exclusivity and force them to license and you will chase them away or the amount they pay for content drops considerably. Local content creators are the ones who will suffer. Rights to Lionheart was bought for an outrageous sum. Genevieve may kiss such generosity if she wants sublicensing. She may just be paid a token for Lionheart 2 or 3 compared to what she got for the first one. Genevieve will probably sign it completely away.

I have nothing against sublicensing. My grouse is don't force it upon them. It should be more at their discretion and not for misguided patriotic or consumer-friendly reasons. Satellite TV and Web streamers run monopolistic and oligopolistic structures and it pays the content creators handsomely. If these foreign guys do disappear, local content creators will suffer.

Mike Tyson was asked why does he stick with his manager Don King even though he does not deliver the purse money he promises? He replied that 10% of what Don King still pays out is more than 100% of what the others pay. It might be the same in this case.







The funny thing is most don't know that for every successful content, there a plenty of flops so the successful content actually pays for the ones that flop.


I can bet that this law was targeted at DSTV for BBN and EPL and when DSTV sells the right to Crystal palace vs Norwich to NTA, they will refuse to buy and Nigerians will complain.

1 Like

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by grandstar(m): 3:26pm On Jun 09, 2020
AZeD1:

The funny thing is most don't know that for every successful content, there a plenty of flops so the successful content actually pays for the ones that flop.


I can bet that this law was targeted at DSTV for BBN and EPL and when DSTV sells the right to Crystal palace vs Norwich to NTA, they will refuse to buy and Nigerians will complain.

Thanks for even pointing out that there's load of flops. I did not even know that. Thanks for the enlightenment.

Most people don't seem to realize like you said that the law was simply made to assist Nigerian owned broadcasters and not the industry.

Nigerians and Nigerian content creators will be the ones to suffer at the end.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by meobizy(f): 3:55pm On Jun 09, 2020
Amazon has Nigerian shows? I have to see them to believe it. The government is free to do whatever they want. Foreign entertainment is always the better option. The less Nigerian programming cluttering these services the better for everyone.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by onosbaba3310: 4:20pm On Jun 09, 2020
but this is funny shall, how can I invest money on a product and sell sub license to my competitor,when I know the only way I can make money from my investment is when d content is only on my platform,let's not be bias here, how many of you actually subscribe to watch movies on Netflix and iroko? very few, because pirated copies are online already,this people are loosing already,and now this useless code, this country is bleeped up, many of you that are saying they can't go, don't forget PayPal has refused to operate in Nigeria and we are the one suffering it ooo
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by sexylassie2(f): 4:22pm On Jun 09, 2020
grandstar:


I honestly don't agree with what you've written.

Africa Magic is owned by DSTV if I'm correct. These foreign guys pay big cash to get exclusivity to content creators. This provides a big incentive for them to produce high-quality programming which their paid subscribers love and compels them to renew their subscription. They need that exclusivity to lure and keep subscribers.

Now, you take away that exclusivity and I'm sure the money they'd be ready to pay for content will drop. Content creators don't sell to them simply because they like their face. They pay handsomely. Not just that, it is easy distribution.

Take away the exclusivity and force them to license and you will chase them away or the amount they pay for content drops considerably. Local content creators are the ones who will suffer. Rights to Lionheart was bought for an outrageous sum. Genevieve may kiss such generosity if she wants sublicensing. She may just be paid a token for Lionheart 2 or 3 compared to what she got for the first one. Genevieve will probably sign it completely away.

I have nothing against sublicensing. My grouse is don't force it upon them. It should be more at their discretion and not for misguided patriotic or consumer-friendly reasons. Satellite TV and Web streamers run monopolistic and oligopolistic structures and it pays the content creators handsomely. If these foreign guys do disappear, local content creators will suffer.

Mike Tyson was asked why does he stick with his manager Don King even though he does not deliver the purse money he promises? He replied that 10% of what Don King still pays out is more than 100% of what the others pay. It might be the same in this case.








buying original movies used to be dead cheap, DSTV could buy the license of hundreds of movies for cheap and make excessive profit.

Guess who inflated the price, IROKO TV founder, he was paying $3200 per film because he was new in Nigeria and didnt understand the market, movie markers saw that and started inflating their prices to sell their original content to him and other streaming platforms, now he got smarter and opened his own studio( rok stations on dstv and gotv) so now he doesnt have to buy movies form outsiders.

when your over price your content, streaming companies have to make all their money back, so it will be a loss for them if they pay to buy a film for 200 naira and they dont make up to 100 naira from subs.

Lion heart wasnt purchase for a whole lot of money,how many NIgerian own netflix account? very few, so it will be a loss if they buy lion heart for lot of cash.

Now govt is regulating the market, this should be the price for content, that is good in a way that everybody benefits, also you buy the license of a movie, sell it to your subscribers first then also sub license it to who ever who wants it for so so price according to the regulated market, that is a good development, it means that movie markers wont over price on their movies and you can make more money.

This things works with demand, why should dstv or others buy a movie that the price is inflated and dont make profit from it.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by homesteady(m): 4:22pm On Jun 09, 2020
AZeD1:

The funny thing is most don't know that for every successful content, there a plenty of flops so the successful content actually pays for the ones that flop.


I can bet that this law was targeted at DSTV for BBN and EPL and when DSTV sells the right to Crystal palace vs Norwich to NTA, they will refuse to buy and Nigerians will complain.

Exactly! I feel it is even more targeted at football, but they have refused to see the bigger picture on how it will wreck the creative industry.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by delvzy(m): 4:25pm On Jun 09, 2020
I think the whole loophole is starting to emerge right now.
For my own point of view broadcasters like African magic is only getting mad because their monopolistic rights is getting hampered.
A wise government would see the decision of it's people.
We can not have all these broadcasters coming into Nigeria invest and carry the dividend just like that.
A lot of improvement as to be seen in our local content.
But the greedy eyes and lack of sense of our so called leaders won't let them listen.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Abdulyakeen: 4:32pm On Jun 09, 2020
Caseless:
NBC , please do the right as long as it is in the interest of Nigeria. Most times, investors are overtaken by quest for profits and they shortchange the process/system and thereby creating pains for consumers. You must also act as not to be seen chasing investors away.
Already, the investors are fighting back by paying a writer to put this report together to rubbish the broadcasting code.


You just summarised their fate.

Thanks
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by onosbaba3310: 4:33pm On Jun 09, 2020
delvzy:
I think the whole loophole is starting to emerge right now.
For my own point of view broadcasters like African magic is only getting mad because their monopolistic rights is getting hampered.
A wise government would see the decision of it's people.
We can not have all these broadcasters coming into Nigeria invest and carry the dividend just like that.
A lot of improvement as to be seen in our local content.
But the greedy eyes and lack of sense of our so called leaders won't let them listen.

I actually agreed with the dividend part, but you have to look at this from a business perspective, the Monopolistic rights they have over their contents is what makes people subscribe to their platforms (buy their products) now what if other platforms start showing their contents, their profits crashes, and don't forget it is the right they have over movies, that makes them pay contents creators handsomely.

and don't forget they pay tax too, so the government are already benefiting
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by freshkpomo(m): 4:35pm On Jun 09, 2020
dvkot:
so as old as you are you still belive in this childish mantra "that nigeria will be great"
I am not believing Bro, I am insisting... Have you noticed how social media is dealing with the police with video records?? How end rape is trending?? If we continue to speak up and be proactive like the North Africans do, it will be a matter of time... History will remember us for it, a pen in mightier than a sword. Just spread the gospel that's all



Let's make Nigeria great together.


God bless Nigeria.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by delvzy(m): 4:38pm On Jun 09, 2020
onosbaba3310:


I actually agreed with the dividend part, but you have to look at this from a business perspective, the Monopolistic rights they have over their contents is what makes people subscribe to their platforms (buy their products) now what if other platforms start showing their contents, their profits crashes, and don't forget it is the right they have over movies, that makes them pay contents creators handsomely.

and don't forget they pay tax too, so the government are already benefiting

That's why they need to come out clean that there's no backdoor businesses going on.
I for one want diversity and not just one company feeding on talents in the country.
These broadcasting companies really need to start thinking of how to help improve development of the film and entertainment sectors
The government also need to start thinking in a whole new direction and not creating copy and paste policies.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Androidlic: 4:45pm On Jun 09, 2020
why

(1) (2) (3) (4) (5) (6) (Reply)

Why Ponzi Schemes Always Fail (Graphic And Mathematical Proof) / MMM Crash: Over 3million Nigerians Lose Over N18.765billion / Zuckerberg Loses $7 Billion In Hours As Facebook Plunges

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 88
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.