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NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria - Investment (6) - Nairaland

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Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by pquaver(m): 4:52pm On Jun 09, 2020
There is always a way
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by grandstar(m): 5:07pm On Jun 09, 2020
sexylassie2:


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.

I have noted some points from what you said.

Truth be told, many of these new players are making massive losses globally. They run on burn rate. They overpay for content globally.

Many of these tv series we watch today resemble TV movies. It is not just a Nigerian thing but global

https://www.forbes.com/sites/greatspeculations/2020/05/01/netflix-one-question-is-it-losing-money-or-making-money/#62a3894329a6
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by kode12: 5:19pm On Jun 09, 2020
AZeD1:

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.


I still don't see the problem here. Make it a shared risk. If you spend 1Billion naira in developing content and you have a distributor that wants your content in Nigeria, charge them a 100million for the content or charge them a yearly licensing fee for all your content, let them deal with the uncertainty of their own market as well. The staff employed by these companies in Nigeria is nothing compared to the amount they make. I don't mean to sound insensitive, but they can close shop here in Nigeria, sack the workers if they wish, but they should pay tax. If you want to sell content in the country be ready to do so openly
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by pasol4real(m): 5:21pm On Jun 09, 2020
Viicfuntop:



If you had unlimited WiFi, this won’t be a problem.
N how many ppl have access to unlimited wifi
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AZeD1(m): 5:41pm On Jun 09, 2020
kode12:



I still don't see the problem here. Make it a shared risk. If you spend 1Billion naira in developing content and you have a distributor that wants your content in Nigeria, charge them a 100million for the content or charge them a yearly licensing fee for all your content, let them deal with the uncertainty of their own market as well. The staff employed by these companies in Nigeria is nothing compared to the amount they make. I don't mean to sound insensitive, but they can close shop here in Nigeria, sack the workers if they wish, but they should pay tax. If you want to sell content in the country be ready to do so openly
Do you know what shared risk is?
The reason why providers fund exclusive content is to differentiate their service from the others.
We should be encouraging competition and not stifling progress with our socialist mentality.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by seunayantokun(m): 5:50pm On Jun 09, 2020
Doing business in Nigeria needs God's intervention. The government has its excesses and many investors too are 'chop and die' without a thought for the victims they call customers or workers. Honestly, this country sinks deeper everyday into the slough of underdevelopment, darkness and poverty. It makes my heart bleeds, especially when you want to be hopeful and you are met with hope-murdering tendencies.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by kode12: 5:52pm On Jun 09, 2020
AZeD1:

Do you know what shared risk is?
The reason why providers fund exclusive content is to differentiate their service from the others.
We should be encouraging competition and not stifling progress with our socialist mentality.

Exclusive content at the overall detriment of the nation is a big NO thank you.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Nobody: 6:06pm On Jun 09, 2020
kode12:

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.

My honest opinion? Our priorities for Nigeria's bottom half is adequate nutrition, health-care, and housing, not movies and television shows. This bottom half cannot even afford smartphones and TVs, talk less of accessing said content.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by dvkot(m): 6:09pm On Jun 09, 2020
freshkpomo:

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.
Sorry to burst your bubbles.. But it won't and it can't
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by RTSC: 6:48pm 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.
The entertainment sector contributes 10% to GDP and employs thousands.

It did not get there because of NTA or channels TV.

You don't know what you are playing with.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AZeD1(m): 7:02pm On Jun 09, 2020
kode12:


Exclusive content at the overall detriment of the nation is a big NO thank you.
You really have no clue do you?
Let me break it down for you. Capitalism isn't perfect but it's way better than socialism.
When companies fight for exclusive content, it means writers, producers and all back stage production crew get to eat because they are people willing to pay for those services.


Would you be ok if the government told you to share your salary with 5 people? You know, share the risk so that's there's less poor people?
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by AZeD1(m): 7:03pm On Jun 09, 2020
RTSC:

The entertainment sector contributes 10% to GDP and employs thousands.

It did not get there because of NTA or channels TV.

You don't know what you are playing with.
Nigerians want the good things of life but don't want to pay for it.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by chaloskyx: 7:57pm On Jun 09, 2020
forget that one Nigeria is a major market for foreign investors they wont dare leave. and really even if they leave so what others would gladly take their place
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by chaloskyx: 7:59pm On Jun 09, 2020
please i dont know of any netflix or amazon employees in Nigeria o do they have an office i am un aware of and whats their staff strength. cause with all the revenue they generate here from subscriptions they should be employers of labour
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by odimbannamdi(m): 8:15pm 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

Na the same problem i get with IrokoTv be this...u can only download to the platform on a mobile phone.

I dumped them
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Grateful02(m): 8:39pm On Jun 09, 2020
The way I just the observe Netflix on that list. so after monthly charge wey ko need not just light but data too, them wan tell me say dem no dey gain for naija.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by wickyyolo: 8:43pm On Jun 09, 2020
AsawanaDgreat:
when they go other better once will come.

All the best investment right now are not in Nigeria. Don’t be deceived.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by bigtt76(f): 10:08pm On Jun 09, 2020
I'm sure they'll designate contents that needs to be shared because not all contents can be shared or they stipulate the length of exclusivity before the sharing clause kicks in.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by FlordFlorez(m): 10:15pm On Jun 09, 2020
Top1gun:


You shut up when u have nothing intelligent to contribute to a thread.
what meaningful thing have u contributed?
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by FlordFlorez(m): 10:19pm On Jun 09, 2020
kikero:


I don't think you read the article

In brief, NBC wants Netflix, DStv and iroko to resell their original content made for Nigerian viewers to other broadcasters, and they are saying no.

If they end up doing so, that means you can access content from these people cheaply. On the other hand , it eats into their profits, hence their reluctance to resell
now lets be business-wise. If u were to be in their shoe, what would be ur reaction? U shouldn't promote people reaping where they didn't sow.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by FlordFlorez(m): 10:22pm On Jun 09, 2020
Corporate2020:


This one read headline and came down to type the rubbish in his skull. Lazy youth
Lolz! U are more lazy to deduce 'this' if u truely read my post and this thread without reading headline only.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Doncute(m): 10:38pm On Jun 09, 2020
Top1gun:


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


And is it you that has something more reasonable. C'mon, we can all express our thoughts without insults
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by TheStarsAlign: 11:38pm On Jun 09, 2020
Another policy summersault. DSTV Is there fleecing the people, NBC's done nothing about it. May be these 4 have refused to greade their palms. Useless people.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Yakyah: 12:25am On Jun 10, 2020
.

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Depressedkidd: 3:28am On Jun 10, 2020
Susu888:
Let them pack out na.... rubbish.
Na initial gra gra to scare off NBC.......

They won't leave Nigeria .... we dare them to leave.
Same naija that 99% of population pirates shows and music. Netflix and Amazon won't even feel it cos tbh na o2tvseries we de use watch all their shows before. Na afmag and iroko I dey pity.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by bilulu(m): 3:32am On Jun 10, 2020
FlordFlorez:
What a fuckery! This government wants to chase away the limited investors we have. How do they make profit with this stupid code?
What exactly do you guys want? Why are they scared of competition? Have they not enjoyed the monopoly enough?

1 Like

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by FlordFlorez(m): 7:31am On Jun 10, 2020
bilulu:

What exactly do you guys want? Why are they scared of competition? Have they not enjoyed the monopoly enough?
which competition? They're forcing them to sell their contents to others and u are mentioning competition.
Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by Kharashy1(m): 9:44am On Jun 10, 2020
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Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by airichmond: 10:12am On Jun 10, 2020
So because Netflix took effective measures (which are not even � foolproof) to protect the content that they used millions of dollars to create and acquire, they have become "greedy" in your eyes, right?

Netflix offers you unlimited movies that you cannot finish watching in your lifetime and all in exchange for a few thousands of naira monthly for subscriptions and data, but they are "greedy" for wanting to recoup their investment?

Just when I think Nigerians have ceased to amaze me, they just keep me blowing me away with their mindset every single day!

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

Re: NBC Code: Netflix, Amazon, Irokotv, Africa Magic May End Investment In Nigeria by QuinModah(f): 9:17am On Jun 16, 2020
Hi I got your pm cant access it. Kindly reach me on the number on my profile.
Femich18:


Ok

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