Broadcasting
Digital Content Revenues to Pass $200bn in 2018 – Report
Global consumer spend on digital content will reach $202 billion in 2018, up by 10% on this year’s total of $184bn.
This is according to a report by Juniper research titled Digital Content Business Models: OTT & Operator Strategies 2017-2022.
The report found that subscription video on demand (SVOD) services will be a key driver of growth, with major over the top (OTT) players such as Netflix and Amazon committing budgets of more than $5 billion to original content over the coming year.
Meanwhile, Apple and Facebook are each expected to invest at least $1 billion for their on demand digital content services – Apple iTunes and Facebook Watch and Facebook Live.
“Around 35% of UK households now subscribe to one or more SVOD services, a proportion which rises to 76% in the US. Furthermore, the trend towards multiple subscriptions per household was increasing, leading to a greater opportunity for content aggregation and curation,” notes the research.
Meanwhile, the research also found that both telcos and OTT players were increasingly seeking to augment their offerings with the acquisition of eSports rights, and suggested that ultimately players might evolve from creating their own teams to developing and owning eSports tournaments.
There are around 109 million Netflix users globally, with the company expecting six million new users to be added in Q4 this year. ShowMax, the Naspers-owned VOD platform available in 65 countries, houses Africa’s largest subscription video entertainment catalogue. The company announced in November 2016 that it had surpassed the 20 million cumulative views mark.
According to a report by Frost & Sullivan, the pay-TV, VOD and Internet Protocol television services market in Africa is growing rapidly as significant Internet penetration and smartphone adoption in the continent alter the manner in which consumers view content.
“MultiChoice DStv and GOtv, and StarTimes are among the leading pan-African pay-TV operators, while IROKOtv, ShowMax and Netflix lead the VOD space. Despite DStv’s dominance, SA has the most developed pay-TV market, whereas triple-play services are more developed in Kenya,” the research points out.
According to a report by market analyst firm Dataxis, the total number of pay-TV subscribers in Africa has reached approximately 23.7 million, representing quarter-on-quarter growth of 2%, and year-on-year growth of 18%.
Broadcasting
NASENI, Nasarawa State, Firm to Establish Tractor Manufacturing Plant in North-Central Geo-political Zone
National Agency for Science and Engineering Infrastructure (NASENI) is set to collaborate with Nasarawa state government and Bobtrack Tractors, a division of Saint Bob Motors Limited to start the manufacturing and assembling of tractors in the north-central geo-political zone.
The facilities and infrastructure available at one of NASENI’s Institutes, Agricultural Machinery and Equipment Development Institute (AMEDI), Lafia, Nasarawa state will be used for assembling and manufacturing of the tractors.
According to the Executive Vice Chairman/Chief Executive Officer, NASENI, Mr. Khalil Suleiman Halilu, the project which is aimed at creating wealth and jobs for Nigerian youths is in line with President Tinubu’s Renewed Hope Agenda of ensuring food security and promotion of mechanized farming and agro-business in the country. Halilu disclosed this when the Executive Governor of Nasarawa State, Engr. Abdulahi A. Sule led a delegation comprising of Bob Track Tractors to pay a visit to the Agency’s headquarters in Abuja on Monday, April 22nd, 2024.
Mr. Halilu who assured Governor Sule and the delegation of NASENI’s readiness to do business with them, said, “the Agency is willing to partner with you and sign the memorandum of understanding (MoU) so that in the next couple of weeks we will move into action.”
He disclosed that Mr. President had recognized NASENI as a national brand and its National Tractor Recovery Programme wherein 55,000 tractors would be refurbished for mechanized farming nationwide.
In his remarks, Governor Sule said, he aligned with NASENI’s vision of collaborating and promoting made-in-Nigeria goods and also believed that government’s role is to provide a level playing field necessary for businesses to thrive.
The objective of his visit, he said, was to introduce the Bob Track Tractors which deals in assembling and manufacturing of tractor and farm implements with offices in Port Harcourt to NASENI so that it could utilize the existing facilities at AMEDI, Lafia for assembling of tractors instead of acquiring a new land for the business.
The CEO of Bob Track Tractors, Mr. Ibifiri A.C. Bob Manuel said, “We are ready to take up the facility that you have in Nasarawa State, create employment and wealth for the youths in the area and also use it as a hub to drive mechanized agricultural vision of the present administration. We are willing to invest in Nasarawa state with help of His Excellency, his team and NASENI.”
Broadcasting
ARISE News Channel Goes Live in SA, 9 Other Southern African Countries
ARISE News Channel, Africa’s premier broadcaster, has announced its expansion into South Africa and nine other Southern African countries.
The channel is now available on Multichoice/DSTV Channel 416 in South Africa, Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Zambia, and Zimbabwe.
With this expansion, ARISE News Channel is now live in 54 African countries, including Kenya, Tanzania, Rwanda, Uganda, Cameroon, Sudan, Ghana, Senegal, and Cote d’Ivoire, among others.
Celebrating its 11th anniversary on January 31, ARISE News Channel continues to showcase Africa’s diversity in business, politics, technology, commerce, science, sports, show business, and fashion, while projecting the best of Africa and its cultures globally.
Nduka Obaigbena, chairman and editor-in-chief of ARISE News Channel,, expressed determination to launch the channel in all countries worldwide, stating, “The move to Southern Africa reaffirms ARISE News Channel’s position as the leading broadcaster in Africa with independence and clear thinking. We are determined to celebrate the best of Africa and tell the African story in the global marketplace.”
He added, “We shall continually showcase the emerging African century where Nigeria and other African countries will be some of the leading economies around the world. This is a marathon and not a dash: we will do for Nigeria and Africa what the CNN, the BBCs, and Aljazeeras have done for their nations and regions. In the emerging African AI- driven new information highway, no one will shape your narrative better than you.”
Broadcasting
Simi to Feature on Glo Sponsored African Voices
This week, the incredible talents of Nigerian singer, songwriter, and actress Simisola Bolatito Kosoko, better known by her stage name, Simi, will be highlighted on African Voices Changemakers, an interview program sponsored by Globacom on Cable News Network (CNN).
Simi began her career initially as a gospel singer. Her debut studio album, “Ogaju”, was released in 2008. After she got a record deal with X3M Music in 2014, she released the album “Tiff,” which was nominated for a 2015 Headies Best Alternative Song award.
Her debut studio album, “Omo Charlie Champagne”, Vol. 1, was released to mark her 31st birthday on April 19, 2019, and her second album, “Simisola”, was also released the same year. She became the CEO of her own label, Studio Brat, which she launched in June 2019.
Simi was one of the judges of the Season 7 of the Nigerian idol TV show in 2022.
Mother of a girl named Dejare, Simi married popular musician, Adekunle Gold in 2019 having graduated from Covenant University in Ota, Ogun State. Some of her works include “Joromi”, “Know You”, “Jericho”, and “Duduke”.
On Saturday at 8.30 a.m., the 30-minute magazine show will air on the global channel. Reruns can be seen on Saturday at noon, Sunday at 4.30 a.m., and Sunday at 7:00 p.m. Another rerun will air at 4 a.m. on Monday of the following week, 8.30 a.m. and 12 p.m. on Saturday, and 7 p.m. and 9.30 p.m. on Sunday.
- Telecom2 days ago
ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy
- Telecom2 days ago
Telcos Record N27Bn Loss from Damaged Fibre Cables
- News2 days ago
Wema Bank Launches 5th Edition of Youth-Focused Hackathon, “Hackaholics”
- Telecom2 days ago
NCAIR Relaunch: Pantami, Tijani Fight for Credit
- News2 days ago
FG to Secure Fresh $2.25Bn World Bank Loan
- E-Financial2 days ago
Dimon, JP Morgan CEO Describes Bitcoin as Fraud, Ponzi Scheme
- E-Business2 days ago
Forex Volatility will Not End Overnight- CBN Gov
- E-Financial2 days ago
Access Holdings to Use Tech in Raising N365bn Capital