Netflix Denies Pulling the Plug on Nigerian Content
Netflix Reassures Nigerian Fans
- written by Eavesdroppr's
- 1 min read
- 05 Dec, 2024
Netflix Global streaming giant, Netflix, has officially quashed rumors of a potential exit from the Nigerian market. The company reaffirmed its dedication to the country's vibrant creative industry, particularly Nollywood.
The speculation arose following comments by renowned Nigerian filmmaker, Kunle Afolayan, who revealed that Netflix had canceled several commissioned projects. While Afolayan expressed disappointment, Netflix clarified its stance, emphasizing its continued investment in Nigerian content.
Netflix has forged a significant partnership with Nollywood, significantly boosting its presence in Nigeria since 2016. This collaboration has led to the production of original Nigerian content, such as Genevieve Nnaji's Lionheart.
While Nigeria is a key market for Netflix in Africa, South Africa remains the dominant player. According to a recent report by Omdia, Nigeria accounts for approximately 10.5% of Netflix's African subscriber base, compared to South Africa's 73.3%.
Despite this, Netflix's expansion across Africa has been strategic, with a projected subscriber base of 2.2 million in the next five years.