French media giant; Canal+ has just recently acquired ROK studios.
The move was as a result of the channel wanting to turn its sights on African viewers as growth has declined in its home terrain due to competition from Amazon, Apple and Netflix.
“They (Canal+) wanted an organization that could supply their studio with Nollywood content. They have some channels in Francophone Africa and wanted a supply of African content for those channels”.
Speaking on the move, in a media statement, Canal+ said;
“This acquisition represents a key stage in Canal + group’s international expansion. It allows the group to be present across the entire Nollywood value chain, and acquire unique expertise in the mass production of African fiction — films, series, and entertainment”.
This acquisition would birth a new dimension for Nollywood.
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