A southeast Nigerian startup wants to become the “Netflix of documentaries”
OptimalVid is set to launch a documentary streaming platform with a subscription fee of $2 per month. Users can pause their subscription for up to 10 days in a 30-day billing cycle, a unique feature in the streaming market.
New $40 Million Fund Launched to Support African Filmmakers
Next Narrative Africa partners with HEVA Fund to establish a $40 million fund for African filmmakers. The fund will invest in films with budgets ranging from $1 million to $5 million.
New fund backs African Filmmakers with $40 million
Launch of the $40 million Next Narrative Africa Fund. Investment in films with budgets between $1 and $5 million.
Canal+ Expands African Media Footprint with MC Vision Acquisition
Canal+ acquires majority stake in MC Vision, increasing ownership from 37% to 75%. Canal+ has been actively pursuing opportunities in Africa, acquiring ROK Studios in Nigeria and expanding in Rwanda.
Amazon Prime to layoff staff and stop producing African content
Amazon Prime is laying off staff and scaling back its local content production in Africa and the Middle East. The streaming platform is restructuring its business model to focus on its European market.
