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.
Capital Films Unveils ₦500 Million Investment Fund Following Triumphs with ‘Gangs of Lagos’ and ‘Brotherhood
Capital Film Productions introduces a new fund of ₦500 million for investing in Nollywood films. The company has successfully garnered $800,000 through two different funds, backing the production of seven movies.
