• Latest
  • Trending

Netflix Offers $90,000 For Nollywood, $500million For Asian, European Films, Nigerian Filmmakers React

NUC orders closure of Nigerian universities

Strike: University Unions Issue Fresh Ultimatum to FG

Nigerian Senate denies viral kiss video says not one of Them

Senate Approves Life Jail Term for Child Defilement in Nigeria

Abia Lawmaker Breaks Bottle on Colleague Over Otti’s Cash Gift

Abia Lawmaker Breaks Bottle on Colleague Over Otti’s Cash Gift

ASUU Strike: Progress on Key Demands, Ministry Denies Prodigy Claim

ASUU Strike: Progress on Key Demands, Ministry Denies Prodigy Claim

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

Former Southern Governor Implicated in Alleged Coup Against Tinubu

Varsity Expels Three Students Involved in Gun Shooting During SUG Election

Varsity Expels Three Students Involved in Gun Shooting During SUG Election

Police Seal Off Rivers PDP Secretariat Over Leadership Dispute

2027: PDP Leaders turn to Coalition Opposition for Help

Wednesday, October 22, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus

Netflix Offers $90,000 For Nollywood, $500million For Asian, European Films, Nigerian Filmmakers React

by iDeemlawful
August 15, 2021
in Uncategorized
A A
0

SeeThese

JUST IN: Governor Adeleke cast his votes as Osun LG poll begins

Meranda presides over Lagos Assembly plenary amidst Tension

JUST IN: Lagos Assembly Speaker, Mojisola Meranda faces mounting pressure to step down

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.”
ADVERTISEMENT
Tags: iPadPod Studio
Previous Post

Gunshots As Security Operatives Rescue Osun APC Appeal Committee

Next Post

“FG can’t Scare Anybody”_ IGBOHO’S LAWYER

Next Read

NUC orders closure of Nigerian universities
Education

Strike: University Unions Issue Fresh Ultimatum to FG

...

Read moreDetails
Nigerian Senate denies viral kiss video says not one of Them
Featured

Senate Approves Life Jail Term for Child Defilement in Nigeria

...

Read moreDetails
Abia Lawmaker Breaks Bottle on Colleague Over Otti’s Cash Gift
Politics

Abia Lawmaker Breaks Bottle on Colleague Over Otti’s Cash Gift

...

Read moreDetails
ASUU Strike: Progress on Key Demands, Ministry Denies Prodigy Claim
Education

ASUU Strike: Progress on Key Demands, Ministry Denies Prodigy Claim

...

Read moreDetails
Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks
Breaking News

Former Southern Governor Implicated in Alleged Coup Against Tinubu

...

Read moreDetails
Varsity Expels Three Students Involved in Gun Shooting During SUG Election
Education

Varsity Expels Three Students Involved in Gun Shooting During SUG Election

...

Read moreDetails
Police Seal Off Rivers PDP Secretariat Over Leadership Dispute
Featured

2027: PDP Leaders turn to Coalition Opposition for Help

...

Read moreDetails
Israel Resumes Gaza Airstrikes, Dozens Killed Despite Ceasefire
Featured

Israel Resumes Gaza Airstrikes, Dozens Killed Despite Ceasefire

...

Read moreDetails
Next Post

"FG can't Scare Anybody"_ IGBOHO’S LAWYER

Afghan President Flees As Taliban take hold of Capital, Kabul

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About
  • Advertise
  • Editorial
  • Support

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright © 2019 iDeemlawful.