entertainment
Netflix Re-Strategizing in Nigeria, AY Makun Blames Low Subscribers and Shared Accounts
Nigerian comedian and actor Ayo Makun, popularly known as AY, has shared his perspective on the recent controversy surrounding Netflix’s alleged decision to halt funding for Nigerian original films.....KINDLY READ THE FULL STORY HERE▶
In a recent interview with Nollywood on Radio, AY addressed the concerns sparked by Nigerian filmmaker Kunle Afolayan, who revealed that Netflix had stopped commissioning Nigerian content. This move raised questions about the streaming giant’s commitment to the Nigerian market.
However, AY clarified that Netflix is not exiting Nigeria but is likely re-evaluating its approach due to financial concerns. He explained that Netflix’s spending in Nigeria has far outpaced its earnings, primarily due to widespread subscription sharing and low subscription rates in the country.
With a population of over 200 million, Nigeria has fewer than 300,000 Netflix subscribers, according to AY. This stark contrast suggests that many Nigerians are accessing Netflix through shared accounts instead of purchasing individual subscriptions.
“I recently had a meeting with Netflix, and there was no mention of them leaving Nigeria,” AY shared. “We discussed my next project, and how they could be involved. I don’t believe they’re leaving the country. But if you’re spending more than you’re making, you’d need to reconsider your strategy. That’s what’s happening with their structure.”
He continued, “The issue isn’t just with the filmmakers; it’s about us as Nigerians. With a population of over 200 million, having only about 300,000 subscribers indicates that there’s a leak in the system. People are sharing subscriptions, which is the real issue.”
AY emphasized that the situation is a result of broader challenges, rather than solely the filmmakers’ efforts.
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entertainment
Mohbad Death: Court Orders Fresh Investigation Into Singer’s Tragic End.
A Federal High Court in Abuja has granted approval for a fresh legal move seeking to compel the Nigeria Police Force to reopen investigations into the death of Nigerian singer Ilerioluwa Aloba (Mohbad).....KINDLY READ THE FULL STORY HERE▶
entertainment
I’d Trade My Fame For $2 Billion – Mercy Eke Says In Shocking Reveal.
BBNaija Season 4 winner, Mercy Eke, has revealed she values money more than fame, saying she would gladly give up her celebrity status for $2 billion.....KINDLY READ THE FULL STORY HERE▶
entertainment
Olajumoke Onibread Speaks Out, Denies Drug Use, Says Viral Video Was Just “Content”.
Model Olajumoke Orisaguna, popularly known as Olajumoke Onibread, has denied claims of substance abuse following a viral TikTok video that sparked concern among fans.....KINDLY READ THE FULL STORY HERE▶
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