Netflix: We Have Invested 9 Billion Naira Into Nollywood

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Global streaming service, Netflix, said it had invested nine billion naira in the Nigeria film industry from year 2016 to 2022.

Ms Shola Sanni, Director of Public Policy for Sub-Saharan Africa, Netflix, made this known at the second Nigeria Digital Content Regulation Conference held in Lagos.

Sanni stated that this was done through converting local film titles, capacity building and infrastructure development in the industry.

She noted that Netflix had invested in over 200 local licensed titles, co-produced and commissioned original film content.

According to her, 125 films and TV series are available on Netflix as at November 2022.

The Netflix official said the streaming service was investing heavily to ensure that all subscribers across the world enjoyed the same content at will.