Global streaming service, Netflix, has revealed that it had invested 9 billion naira in the Nigerian film industry between 2016 and 2022.
Ms Shola Sanni, Director of Public Policy for Sub-Saharan Africa, Netflix, made this revelation during the recent Nigeria Digital Content Regulation Conference that took place in Lagos.
Sanni stated that the investment was done through converting local film titles, capacity building and infrastructure development in the industry.
She remarked that Netflix had invested in more than 200 local licensed titles, co-produced and commissioned original film content.
According to Sanni, as at November 2022, 125 films and TV series were available on Netflix.
She said Netflix was investing heavily to ensure that all subscribers across the world enjoyed the same content at will.
She said: “We love Nigeria and believe in it and that is why we are investing in the Nigeria film industry to entertain Nigerians and the world, with the best-in-class stories from the country.
“We are poised to tell stories that are not only interesting in Nigeria, but in other 189 countries where Netflix is present.”
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