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Browsing: IROKOtv
Nigeria’s IROKO Partners Limited media company is working on plans to list on the London Stock Exchange (LSE) Alternative Investment Market.
Reports indicate that the Initial Public Offering (IPO) could be effected in the next 12 months. The company had earlier on announced plans to go public either on the London Stock Exchange or a local bourse on the continent but sought an international presence as this may enable further growth of the industry and the company itself.
About Nigeria’s IROKO Partners
The company was founded in 2011 by Jason Njoku and Bastian Gotter and boasts the largest online catalog of Nollywood film content globally.
The media company, according to reports, will raise between $20 million and $30 million, valuing the company at $80 million to $100 million.
While making the announcement in October 2019, the company’s CEO Mr Njoku, however, did not reveal the exact time …
French Television Canal+ has acquired of Nigerian start-up production studio ROK from Africa on-demand Nollywood entity Iroku TV. This is seen as a move by the French Pay TV to venture into African local production that ROK is known for.
Nigerian film and cinema industry is known globally for its intriguing local content and it only thought to be second in terms of the number of production to India’s Bollywood. With nearly $4 billion in revenue and almost 2,000 productions every year, the industry has become a significant revenue earner for Nigeria.
The acquisition positions the French giant centrally to the management of local African content that has been in quite a demand in Africa. Not only does the French television has a rich African audience within France, but it has spread to most of West Africa providing a rich catchment for African content.
Canal+ owned by Vivendi aims to …