Since 2016, Over $ 23 million is invested in producing Nigerian movies, said Video streaming company Netflix. The new report, Netflit‘Socio-economic Impact focuses specifically on its major markets in Africa, which include Nigeria, South Africa, and Kenya. Between 2016 and 2022 $ 175 million in content is invested in these countries for local creatives. According to Netflix, Nigerian movies invested on were the top-producing movie which is Anikulapo and Blood Sisters and Other. According to Netflix, there are some impacts it has made. “Our investment of over USD 23 million has had significant impacts on the Nigerian economy. “Through direct, indirect, and expenditure impacts across the economy, our investments have contributed USD 39 million towards GDP, USD 34 million towards household income, and USD 2.6 million towards tax revenue. “A total of 5,140 jobs throughout the economy were supported, In addition to our upfront investment in productions and the ...
Comments
Post a Comment