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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)
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Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by edoairways: 1:02pm On Jun 09, 2020 |
Sagay212:Why.? |
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by edoairways: 1:03pm On Jun 09, 2020 |
sexylassie2: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: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: 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: 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:racist |
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by RTSC: 1:59pm On Jun 09, 2020 |
kode12: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: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 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: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: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: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: 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: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 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: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: 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: 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: 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: 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 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: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: 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 |
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