Nigerian filmmakers have lamented the huge disparities
between the rates offered by United States-based streaming
platform, Netflix, for Nigerian films and those of their Asian
and European industries.

Some of them stated that the compensation from Netflix was not reflective of market rates, as the average licensing fees for Nollywood came between $10,000 to $90,000, while
Netflix planned to spend $500million on films and series
produced in Asia and Europe.

Nollywood experts also expressed concern over the continued domination of the industry by Netflix.

Since its foray into Nigeria, the streaming giant has taken a
firm grip on the country's movie industry, with many movie
producers now more interested in having their projects on the platform than cinemas, the Verge reports.

But experts say the trend is inimical to Nollywood's growth if
left unchecked.

Commenting on this, Moses Babatope, managing director of
FilmOne Entertainment, the country’s trendiest distribution
operation said the situation is caused by lack of enough funds for Nigerian filmmakers.

“There have been some worries about the production quality
of Nollywood films dropping, but rather than blame it on the
ingress of streaming platforms, I will focus more on the level
of investments made in production,” he said.

“How much production budget are these filmmakers working
with? I don’t believe any passionate filmmaker will willingly
drop standards if there is finance to work with.”

Aside the domination, there are also concerns over Netflix's
compensation rate for Nigerian movies and other African
projects.

Netflix offers compensation that it claims is reflective of
market rates.

This comes down to average licensing fees of between
$10,000 to $90,000, with most deals landing near the middle
range according to off-the-record conversations with
producers.

But in comparison, Netflix plans to spend $500million on films and series produced in South Korea this year alone, the same amount the company announced it spent making and
licensing content in the United Kingdom in 2019.

At the heart of this disparity lies a critical discussion about
how African art is valued in mainstream spaces.

Speaking on this, Walter Taylaur, who has had two of his films licensed on the platform, argues, “Their explanation would make better sense if the films were being shown in Nigeria alone. But if you think the content is good enough to be shown in worldwide markets, maybe pay worldwide rates.”

http://saharareporters.com/2021/08/14/nigerian-filmmakers-react-netflix-offers-90000-nollywood-500million-asian-european-films

prof800

OK na

They always look down on Nigeria

Goldbw122:
They always look down on Nigeria

They are not looking down on Nigeria, we just make poor quality movie that's why.

Take a look at Lionheart, the story line was so basic, there's nothing interesting about that film so how do u expect Netflix to pour big money into such basic movie.