What an exciting development in the entertainment industry! I’ve extracted the key information and analyzed the content to provide a detailed report for Media Talk Africa.
New Venture: Nile Media Entertainment Group
Nile Media Entertainment Group is a new company founded by Moses Babatope, who will serve as its Group CEO. The company will operate through five subsidiaries: Nile Entertainment, Nile Cinemas, Nile Motion Pictures, Nile Studio Lab, and The Nile Foundation.
Acquisition of Distribution Rights
Nile Media Entertainment Group has already acquired the rights to distribute 31 films locally and internationally. This marks a significant milestone in the company’s ambition to reshape the future of African entertainment.
Talent Acquisition
Babatope has assembled a strong team to drive the company’s vision forward. Producer Biola Sokenu will serve as executive director and group COO, while actress Abimbola Craig will take on the role of vice president of production. Other key appointments include former Filmhouse Group chief marketing officer, Lolu Desalu, and PR executive and founder of Robert Taylor Media, Bukky George Taylor.
Moses Babatope’s Vision
In an interview with Nollywire, Babatope revealed that his vision is to lead and participate in the Nigerian film industry with innovative ideas, celebrating African stories and bringing them to a global audience. He emphasized the company’s goal of reshaping the future of African entertainment.
Exploring New Markets
Nile Media Entertainment Group plans to explore fresh markets, creating, showcasing, and distributing content within West Africa and beyond. The company aims to create a new revenue stream for the industry, growing the entertainment sector tenfold.
Quote
As quoted by Babatope: ““The plan is bigger than Moses Babatope; it’s not just another entertainment venture. The plan is to grow the industry ten times bigger. We’re innovating, disrupting, and creating new revenue lines for the industry,” .”
Conclusion
The establishment of Nile Media Entertainment Group marks an exciting chapter in the Nigerian entertainment industry. With a strong team and innovative approach, the company is poised to make a significant impact in the global entertainment landscape.
That’s the report for Media Talk Africa! Let me know if you’d like me to clarify any points or provide further analysis.
