The Chief Executive Officer Nile Group, Moses Babatope has announced the launch of the Nile Media Entertainment Group, an expansive media and entertainment company dedicated to providing services in film production, distribution, cinema experiences, and talent building across Africa.
According to Babatope, the company will focus on creating, showcasing, and distributing content globally with its multifaceted approach, encompassing film production, distribution, cinema experiences, and talent development.
In a rapidly changing environment, Nile has identified opportunities for further growth in untapped markets within the West African and sub-Saharan African regions.
The Nile Group aims to redefine the landscape of African media, leveraging a substantial multi-million dollar investment/funding to drive growth and development across the industry. Over the years, the entertainment industry has grown tremendously, contributing around 5% of Nigeria’s GDP.
He said “We are taking a grand approach to transform the industry. Seeing how much we have grown over the years, our vision is not only to celebrate and amplify African stories globally but also to create more revenue streams and deliver exceptional returns for our investors.
By leveraging cutting-edge technology and tapping into the vast pool of African talent, we are aiming to set new industry standards and drive significant economic growth. This is an exciting time for us, and we are happy to reshape the future of African entertainment.”
According to Moses Babatope, Nile Entertainment has secured both local and international distribution rights for over 31 titles. Nile Entertainment is opening on a strong note with the highly anticipated third instalment of Omoni Oboli’s Wives on Strike 3.
The Nile Group operates through five entities: Nile Entertainment, Nile Cinemas, Nile Motion Pictures, Nile Studio Lab, and the Nile Foundation. Nile Entertainment will manage distribution across Africa, the US, the UK, Canada, and other key international markets including South America, the Middle East, Asia, and Australia.
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