Business: iROKO Partners enters Nigerian Movie DVD market in South Africa

PRESS RELEASE

Nigeria’s movie industry, colloquially known as ‘Nollywood’ is the second largest film industry in the world, producing around 2,000 movies a year

CAPE-TOWN, South-Africa, June 10, 2013/ -- iROKO Partners (http://www.irokopartners.com), Africa’s largest source of Nigerian entertainment with its platforms iROKOtv and iROKING, announces a major strategic development via its entry into the South African DVD market and the launch of 10,000 new Nigerian movie DVDs.

Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/iroko-partners.jpg

Photo Mama G: http://www.photos.apo-opa.com/index.php?level=picture&id=508 (Nollywood superstar Mama G will be in Johannesburg to officially launch iROKOtv’s new DVDs at the screening of her huge hit Airline Babes)

Photo Jason Njoku, founder and CEO: http://www.photos.apo-opa.com/index.php?level=picture&id=507 (Jason Njoku, founder and CEO)

Nigeria’s movie industry, colloquially known as ‘Nollywood’ is the second largest film industry in the world, producing around 2,000 movies a year. The launch announced today represents the first foray for iROKOtv, ’Africa’s Netflix’, into the sizeable South African DVD market and is responding to demand for even more Nollywood content in South Africa. It is also a brand new distribution channel for iROKOtv as historically the company’s content has only been available online.

To launch, ten of iROKOtv’s most popular Nollywood films are now available on top quality DVDs, beautifully packaged and at a cost of R30. They are currently selling in Johannesburg’s local shops and markets including Soweto, Kempton Park, Rosettenville and Randburg.

Jason Njoku, founder and CEO, said:

“iROKOtv revolutionised the video-on-demand (VOD) industry for African entertainment when we launched, bringing thousands of movies online to Nollywood lovers around the world. In a short space of time, we were able to connect with the online African community but, in reality, the majority of Nollywood fans are offline and watch Nollywood on DVDs.

“Access is the immediate challenge for VOD companies here. Until Africa comes online, DVDs will continue to be the primary platform to consume content, which is why iROKOtv has now entered the DVD market.”

Almost 50% of iROKOtv’s traffic comes from the UK and US, as Diasporan communities have access to cheap and reliable broadband; something that cannot be said for the vast majority of Africans on the continent. Nollywood is increasingly popular in South Africa but audiences struggle to access high quality, low-cost, legal content online, which makes the shift to DVD sales both exciting for iROKO as a new distribution channel and perfect for South African consumers.

Genevieve Dumourne, Head of iROKO South Africa concluded:

“The South African market entry is evidence of iROKO diversifying its offering and broadening its reach across the continent. When we launched www.iROKOtv.com 18 months ago, we gave Nollywood a home online, providing the content loved by so many with a well-deserved beautiful platform. With the launch of the DVD business, we have taken exactly the same approach, producing top quality discs in beautifully designed boxes that really stand out from anything else on the market. It’s an extremely exciting market and we have high expectations for growing this part of the business”.

Distributed by the African Press Organization on behalf of iROKO Partners.

For further information please contact:

iROKO Partners
Jessica Hope
+44 203 176 2808
jessica.hope@irokopartners.com

Pelham Bell Pottinger
Victoria Geoghegan
vgeoghegan@pelhambellpottinger.co.uk

Elizabeth Snow
Esnow@pelhambellpottinger.co.uk
+44 20 7861 3821

Notes to Editors

Nollywood superstar Mama G will be in Johannesburg to officially launch iROKOtv’s new DVDs at the screening of her huge hit Airline Babes. Tickets are free for this unmissable chance to see the star in the flesh. The event is brought to you in association with Spaza and will be taking place at THE OPEN (http://www.theopen.co.za) in Maboneng – one of the city’s hippest cinema screens.

iROKO Partners is the world’s largest distributor of Nigerian entertainment. Since December 2010, the company has built a global audience of over six million unique users from 178 different countries across its movie and music platforms.

Between iROKOtv (http://www.irokotv.com), an on-demand film streaming service for Nollywood movies, and iROKING (http://www.iroking.com), a music streaming service, iROKO Partners has the largest legally assembled library on planet earth, giving viewers access to thousands of movies, tunes and music videos at the click of a mouse. The company works with Nigerian movie and music producers & artists to bring this content into the digital arena, showcasing the very best of the country’s incredible creative content to the African Diaspora on beautifully designed, easy-to-use websites and mobile apps.
http://www.irokopartners.com

SOURCE
iROKO Partners