The issues are real and broken down in this African Film and Entertainment Investment Pre-summit. What’s interesting and has been missing in the whole Nollywood dialogue is the bank’s perspective. It was interesting to hear the following key points raised:
1. Strengthen copyright laws if you want us to invest in Nollywood.
2. Don’t make it a crime if Nollywood practitioners do not have collateral.
3. For practitioners, show us that a Nollywood movie is worth investing through what Nollywood films make at the box office.
4. If I lend you 300 Million Naira, you gross 300 Million and you end up after taxes, paying the theatres etc. with only 60Million Naira left, what exactly is my incentive to invest? You can’t even pay me my money back.
Watch the clip below.
Cheers,
Uduak
The School of Media and Communication in collaboration with, FEPACI, and Trend Media City organized this African Film and Entertainment Investment Pre summit to discourse some of the issues to be brought up at the summit to be held in December this year. In attendance at the pre summit include Joke Silver, Tony Okoroji, Dapo Adelegan, Ejike Asiegwu, NEXIM representatives, Madu Chikwendu, and so many others.
