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Dangote rejects NNPC bid to raise 7.25% stake

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Nigeria seals €365m deal with Germany for devt, export

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Tag: Entertainment

PwC raises concerns on effects of FG's tax on bank profits
Entertainment

Nigeria’s entertainment industry revenue to hit $4.9bn by 2026 — PwC

Nigeria’s entertainment and media industry is projected to generate revenues of $4.9 billion in 2026, rising from the $4.5 billion recorded in 2025, according to the 2026 PwC Nigeria Economic Outlook. The projection underscores the growing momentum within Nigeria’s digital economy, which the report identifies as one of the major drivers expected to shape the […]

Warner Bros. Discovery rebrands streaming service as HBO Max
News

Warner Bros. Discovery rebrands streaming service as HBO Max

In a move aimed at reigniting global interest and boosting subscriber numbers, Warner Bros. Discovery announced Wednesday that it will rebrand its flagship streaming platform as HBO Max this summer—reviving the prestigious HBO name it dropped two years ago. The decision marks a strategic pivot for the media giant, which had previously rebranded the service […]

"Deadpool & Wolverine" surpasses N700m at Nigerian Box Office
News

“Deadpool & Wolverine” surpasses N700m at Nigerian Box Office

The Hollywood blockbuster “Deadpool & Wolverine” has reached a significant milestone in Nigeria, crossing the N700 million mark after over two months in cinemas. With a total gross of N700,213,987 and more than 142,000 admissions, it becomes only the fifth film to surpass this threshold in English-speaking West Africa, according to the latest Nigerian box […]

'The Betrayed' rakes N24 million in 10 days at Nollywood box office
News

‘The Betrayed’ rakes N24 million in 10 days at Nollywood box office

Nollywood’s latest release, ‘The Betrayed’, has made a remarkable impact at the box office, amassing N24 million within just 10 days of its debut. Produced by Inkblot Productions, the film quickly gained traction in Nigerian cinemas. As of Friday, August 9, 2024, it had already earned N14.7 million, according to the Cinema Exhibitors Association of […]

Universal Music Group expands partnership with Meta
News

Universal Music Group expands partnership with Meta

Universal Music Group, the largest music label globally, announced on Monday an expanded agreement with Meta that will enhance opportunities for its artists and songwriters across Meta’s suite of social media platforms. “UMG was the first major music company to license Facebook back in 2017, and this new agreement will further broaden the possibilities for […]

Ex-Filmhouse MD Moses Babatope launches new entertainment company
News

Ex-Filmhouse MD Moses Babatope launches new entertainment company

A renowned figure in the Nigerian film industry, Moses Babatope, has officially launched Nile Media Entertainment Group, a new production and distribution studio set to revolutionize African cinema. Named after the iconic River Nile, the company aims to elevate cultural representation, industry standards, and sustainable practices within the sector. Babatope, a co-founder of FilmHouse Group […]

Universal music's shares drop over low, streaming, subscription revenue
News

Universal music’s shares drop over low, streaming, subscription revenue

Shares of Universal Music Group, the major label backing Don Jazzy’s Mavin Records, plunged more than 20% on Thursday as the company reported disappointing results in its streaming and subscription sectors. The Netherlands-based UMG, home to high-profile artists like Taylor Swift, Drake, Justin Bieber, and Adele, saw this sharp decline shortly after markets opened. The […]

Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023.
Business

Walt Disney begins lay off 7,000 workers

Alex Omenye Entertainment company, Walt Disney has begun to lay off 7,000 employees on Monday. According to the letter sent to employees by Chief Executive Bob Iger and obtained by Reuters, the layoff became necessary as the company seeks to control costs and create a more “streamlined” business. According to a person familiar with the […]

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