By Yinka Akanbi
Streaming giant, Netflix, has revealed that it had invested nine billion naira in the Nigeria film industry between 2016 and 2022.
Director of Public Policy for Sub-Saharan Africa, Netflix, Shola Sanni, made the revelation 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.
According to her, Netflix had invested in over 200 local licensed titles, co-produced and commissioned original film contents.
She also noted that 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.
“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,” the News Agency of Nigeria quoted her as saying.
