International movie streaming platform Netflix has exited Nigeria eight years after it launched in 2016, but it has been kept away from the public while major stakeholders in the Nollywood movie industry were aware.

According to NollyWire, Netflix exited Nigeria in November 2024, ending the financial support streaming platforms provided for the production of Nigerian content.

In November 2024, Netflix quietly left Nigeria (after 8 years since they launched in 2016). But why is everyone hush-hush about it? pic.twitter.com/bO6oVkPdsJ

— Nollywire (@thenollywire) December 4, 2024

Netflix was said to have quietly called their frequent collaborators and told them the sad news that they would be cutting back on acquiring Nigerian content. However, the reason for Netflix’s action is yet to be known as the platform is yet to provide an official statement.

The renowned Nigerian filmmaker, Kunle Afolayan, speaking at the 2024 Zuma Film Festival, confirmed that Netflix had stopped commissioning new Nigerian originals.

Afolayan revealed that unlike many of his colleagues, he was fortunate to have secured a third season for his hit series Anikulapo before the platform made the decision.

He also mentioned that some of his colleagues were not that lucky as other Nollywood projects in development were cancelled.

Afolayan, who described it as a big blow to the industry, also saw it as a wake-up call for the movie industry.