Nollywood experts also expressed concern over the continued domination of the industry by Netflix.
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.
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.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.
“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.” 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.
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