Konga is set to release a cloud TV, the first of its kind in the ecommerce market in Nigeria, to serve a global audience including Nigerians at home in the diaspora. The innovation goes live in September 2021. The Konga Cloud TV would also be available to other stakeholders such as potential investors …
 
More details through:
https://businessday.ng/technology/article/konga-set-to-unveil-first-ecommerce-cloud-tv-in-nigeria/
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PwC, one of the leading consulting firms in the world, has projected that Nigeria’s Entertainment and Media (E &M) industry’s revenue will rise from $7.68 billion in 2021 to $14.82 billion in 2025. In its latest industry report titled “Perspectives from the Global Entertainment & Media Outlook 2021-2025”, PwC says internet access, a major segment in the E & M industry, will generate 85 percent of the country’s E & M revenue by 2025, insights gained from the report have revealed.
 
The total revenue that will be generated by all the players in the Nigeria’s E & M’s industry is expected to rise from $7.68 billion in 2021 to $9.03 billion in 2022, to $10.66 billion in 2023, and will increase further to $12.56 billion in 2024 before settling at $14.82 billion by 2025, culminating to an average growth rate of 18 percent during the period.
 
Internet access segment’s revenue accounts for 78 percent of the country’s E & M industry revenue in 2021, a noticeable improvement on the revenue made in 2016 when it accounted for 61 percent of the E & M industry’s revenue in Nigeria…
 
More details through:
https://businessday.ng/life-arts/article/nigeria-to-generate-85-of-entertainment-media-revenue-from-internet-pwc/
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With a total movie ticket sales of N959.9 million from half year of 2021, the Nigerian movie sector is fast recovering from the impact of the coronavirus pandemic that grounded the sector from March ending till September 2020. The 2021 half year result, which is over N500 million less than the N1.5 billion…
 
More details through:
https://businessday.ng/business-economy/article/impressive-half-year-result-shows-cinemas-rebound/

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the federal government will roll out the Digital Switch Over (DSO) in Lagos state on April 29, 2021, which could create one million jobs in the three years.
 
The minister who led the Ministerial Taskforce of the Federal Ministry of Information and Culture on DSO on a courtesy visit to Governor Babajide Sanwo-Olu, said the DSO would lead to the creation of jobs in the manufacturing of Set Top Box or decoder manufacturing, TV production, film production, distribution such as the supply of STBs, TVs and Dongles for the internet as well as TV and online advertising.
 
“The same transmission channel used to broadcast a single analogue programme could carry a multiplex of up to 20 digital programmes of equivalent quality and that explains why the DSO television platform, branded as FreeTV, offers its viewers about 60 digital channels, including sports, music, movies, and news,” he explained…
 
More details through:
https://dailytrust.com/fg-to-launch-digital-switchover-in-lagos
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A 34-year-old member of one of the biggest evangelical churches in Nigeria, Zoe Odunayo, faced a challenge one Saturday as she planned to participate in a healing service the church was streaming. It was going to be a three-hour service, which meant she would need to stream the service with her limited data bundle. The most she had bought from MTN on data was N2000 for 4.5GB.
 
“My only option was to go and participate from one of the viewing centres the church set up around my location,” Odunlaye said.  The church estimated that over 3.4 billion people would stream the three-day service from around the world, with Nigeria contributing over 10 million of the total viewers…
 
More details through:
https://businessday.ng/life-arts/article/nigerias-streaming-industry-booms-but-data-cost-slows-growth/

The federal government has announced the rollout of the digital switch-over in four more states, two years after it was launched in six states. The switch-over, DSO, is meant to transform the television broadcasting system across the country from the current analogue to digital mode. The first rollout was launched in Jos (April 30, 2016), Abuja ( December 22, 2016), Ilorin (December 20, 2017), Kaduna (December 22, 2017),  Enugu ( February 12, 2018), and Osogbo (February 23, 2018)…
 
More details through:
https://www.premiumtimesng.com/business/business-news/448264-fg-begins-second-phase-of-digital-tv-switch-over-in-lagos-kano-others.html

Spotify, the world’s most popular global online audio streaming subscription service, has been launched in Nigeria, Ghana, Kenya, Tanzania, and Uganda. With a worldwide community of more than 345 million monthly active listeners, Spotify will offer a world-class audio listening and music discovery experience to listeners. According to a statement from the company, the Spotify service is available for free or with an upgrade to Spotify Premium, a subscription service that offers an ad-free music listening experience.
 
“Spotify launches in Nigeria with its unrivalled mix of features that have made it the world’s most popular audio streaming subscription service, including more than 70 million international and local songs, 2.2 million podcasts, and over 4 billion playlists.
 
The platform offers everyday new music and podcast discovery, algorithmic recommendations personalised to each listener’s audio taste, and the freedom to engage Spotify across a wide range of devices and app integrations with Instagram, Facebook, Snapchat, Samsung, Tinder, Google Maps, Nike, and more,” the company stated…
 
More details through:
https://www.newtelegraphng.com/spotify-lands-in-nigeria-ghana-others/
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Spotify said on Monday it would nearly double its market presence by launching in 85 new markets in the next few days, making the music streaming service available to more than a billion people around the world.
 
While Spotify is the leader in music streaming, entry in new countries across Asia, Africa, Europe and Latin America would significantly increase the gap with its rivals, Apple Music and Amazon Music.
 
“Together these markets represent more than a billion people, with nearly half of them already using the internet,” said Chief Premium Business Officer Alex Norstrom. “Some of the places we’re going like Bangladesh, Pakistan and Nigeria have the fastest growing internet populations in the world…
 
More details through:
https://www.reuters.com/article/idUSKBN2AM22N
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Despite recent challenges leading to a hike in the cost of subscriptions by pay- TV operators, Nigeria has been projected to be the largest pay- TV market with 11 million subscribers by 2026. According to the latest forecast by Digital TV Research, the country will be driving rapid growth in the African pay-TV market, which is projected to have 51 million subscribers in the next five years. According to the report, South Africa will be second in Africa with nine million subscribers.
 
The African market which had 34 million subscribers at the end of 2020 is projected to add almost 17 million pay-TV subscribers between 2021 and 2026 to hit the 51 million mark. Speaking on the report, Principal Analyst at Digital TV Research, Simon Murray, said: “Multichoice had 15.51 million subs across satellite TV platform DStv and DTT platform GOtv by end- 2020. This total will grow to 19.67 million by 2026, with a marked slowdown of satellite TV growth.”
 
“China-based StarTimes/ StarSat will enjoy the most impressive growth: from 10.11 million subscriptions at the end of 2020 to 16.86 million by 2026. France’s Vivendi had 5.41 million subscriptions to its Canal Plus satellite TV platform and Easy TV by end- 2020, which will climb to 7.90 million by 2026…
 
More details through:
https://www.newtelegraphng.com/report-nigeria-to-lead-africas-pay-tv-with-11m-subscribers/
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MTN Nigeria has announced a new partnership with uduX, Nigeria’s first domestically launched music streaming service, which offers users access to high-quality audio and HD music videos. The partnership will see MTN subscribers gain access to discounted data bundles for accessing content and streaming unlimited music on the uduX app.
 
Chief Digital Officer, MTN Nigeria, Srinivas Rao, described the partnership as reinforcing the company’s Good Together mantra, which advocates collaboration as a way to foster growth in different sectors of the economy. “Our young customers are passionate about music.
 
That is why we have consistently supported the development of the local music industry. We’ve partnered with uduX because we believe in their capacity to deliver high-quality, curated music from around the world, and contribute immensely to the continued growth of the music industry in Nigeria…
 
More details through:
https://www.newtelegraphng.com/mtn-udux-partner-on-music-content/
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