Nigerian Blockbusters for the Internet an Impressive Profit
Njoku’s company is doing quite well and employs over 40 people with movies attracting over 2.5 million views around the world each week. Advertising before the films predicts a profit of $1 million in its first full operational year.
Major studios around the world are trying to figure out how to make money from movies online. I am sure that major studios are turning their ears toward Nigeria of all places. Why? A Nigerian tech business man claims to have developed the answer to making an impressive profit by streaming movies online.
Jason Njoku is the managing director of an online entertainment company called Nollywood Love. Based in Lagos, the company aims to bring the favorite of Nigeria’s “Nollywood” cinema to all of Africa and the global audience.
Last December, Nollywood Love started purchasing the rights to Nollywood movies and embedding them on a dedicated YouTube channel for viewing.
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