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The following article was published in our article directory on June 1, 2018.
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Digitization of The Nigerian Entertainment Industry Dub Nollywood

Article Category: Entertainment

Author Name: Asede Nosike Cyril is an expert when it comes to News and Entertainment. To find out everything about News and Entertainment, visit his website at htt

As the federal government of Nigeria tries to diversify the Nigerian economy, the entertainment industry is one of the numerous ways the government is looking at, Dub Nollywood, employing more than a million young and creative Nigerians and Africans, Nollywood is the third largest employer of Labour after Agriculture and government civil servant and contributing more that 500 Millions US dollars.

Players and stakeholders in Nollywood industry are trying to cut down on Piracy to maximize revenue and one of the ways to fight this evil called piracy is online streaming of contents, taking Nollywood to the world in turn generating more revenue and employment for the ever growing population of Africa's largest economy.

Already Nigerian and African consumers have moved rapidly to adopting digital formats for consuming entertainment-related content in Nollywood. The most obvious example of this is music and video downloads, with Apple's iTunes and YouTube as leading examples. Apple has sold more than one millions Naija songs via its iTunes music store and it continues to demonstrate a spectacular rate of growth. Over 1,000,000 individuals have purchased an iPod portable music device in Africa and Nigeria being the most populated country with more 195,000,000 people and tens of millions of other consumers use one of dozens of other portable devices to listen to Nigerian music around the world. Other platforms for listening to music are equally successful, and in the case of Microsoft's Windows Media Player even more dominant with over 90,000,000 systems running the software globally. Real Networks Rhapsody, and Yahoo! Music represent other major potential in Nigeria and Africa in this space. In addition to those companies selling licensed music downloads for a fee, peer-to-peer networks such as Limewire and Morpheus claim to have tens of millions of users sharing music and other files on a continual basis and Nigerian Afro hip hop remains a huge potentials for these companies.

As consumers have become comfortable purchasing (and stealing) music online, they are now beginning to download other digital forms of entertainment, including music videos, short-subject films, television shows, and even full-length Nollywood pictures. Traditional media companies have recognized the opportunity to establish new revenue streams and leverage old assets by enabling consumers to download television programming for a fee, and the adoption rate appears to match the early days of music downloading. The increasing penetration of broadband connections (over 10 million homes in Nigeria alone), advances in software that enables high-quality downloads, and content companies recognizing an enormous opportunity to distribute directly and inexpensively to consumers has created a tidal shift in the number of digital media assets available for download to computers, handheld devices, and even cell phones.

Companies such as YouTube are at the forefront of the intersection of video entertainment in Nigeria and the fragmentation of media due to the empowerment of the Nigerian consumer. Hundreds of millions of videos are downloaded weekly from YouTube (as well as dozens of other competitors), and a significant portion of those videos are not "professionally" produced. More importantly, new and young Nigerian talents in various entertainment fields are being discovered through these distribution platforms and forever changing how the Nigerian Afro-beat/Afro Pop/Afro Hip Hop entertainment is conceived, produced, distributed, and valued around the world.

About the Author: Asede Nosike Cyril is an expert when it comes to News and Entertainment. To find out everything about News and Entertainment, visit his website at https://nigerianhive.com/.

Keywords: Nigerian News and Entertainment

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