Africa Magic Invests Over $85 Million to Bolster Local Content

Posted on November 7, 2023

MultiChoice, one of Africa’s major economic multipliers in the television sector has announced that through Africa Magic, it has successfully commissioned, produced, and acquired more than $85 million worth of local content over the last few years to create opportunities for young creators to earn a living from their work and for Africa to tell its authentic stories.

However, this substantial investment is under threat from piracy. As content distribution has evolved to encompass various devices and platforms, content piracy has evolved in tandem. Producers, studios, and rights-holders now find themselves in a technology arms race against pirates, striving to develop content-security strategies to protect their brand reputation, revenue, and the livelihoods of thousands who depend on the industry.

Speaking about the detrimental impact of content theft, Dr. Busola Tejumola, Executive Head of Content and West Africa Channels at MultiChoice West Africa, described piracy as unchecked theft that endangers the existence of jobs and the well-being of communities across Africa.

“We recently launched a continent-wide television campaign to emphasise how piracy erases African stories and jeopardises jobs in the production and creative industries. If piracy remains unchecked, it will result in fewer African stories being told, fewer local productions commissioned, and fewer opportunities for content producers.

“I appeal to our nation and our continent to unite against piracy and empower Africa’s creatives to earn a living from their talent, “she said.

In addition to its impact on the entertainment industry, Africa Magic’s contributions have also injected significant financial support into adjacent industries, such as travel, hospitality, construction, and manufacturing sectors, all of which are jeopardised by the scourge of piracy.

Leave a Reply

Your email address will not be published.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

Latest News

In the ever-evolving theatre of Nigerian style, media, and high society, one name glows... Continue
Notable Niger Delta socio-cultural group, the Orashi National Congress, ONC, has congratulated Prof Grace... Continue
BISI ANYADIKE  As a wife, I’ve watched my darling husband Chima and his two... Continue
The Lagos State University Economics Alumni Class of 2000 (LASUECO_2000) has awarded a ₦100,000... Continue
Mr. Emmanuel Enoidem, immediate past national legal adviser of the Peoples Democratic Party (PDP),... Continue
NJOKU MCDONALD OBINNA  As the Sun Newspapers Annual Awards prepare to honour excellence at... Continue
ADEYEMI TIMOTHY ADEKUNLE  As preparations intensify for the 2nd edition of the Niger Delta... Continue
ADENEKAN VICTORIA FAITH   Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency... Continue
The Lagos State House of Assembly has stepped down the nomination of Mrs. Adebisi... Continue
OLAMIDE ADENIJI   In a country where success is often inherited or negotiated, Dr.... Continue

UBA


Access Bank

Twitter

Sponsored