Iroko Partners, an online distributor of African movies and music, has raised another $2 million in its latest round of funding from a Swedish venture capital group as it seeks to take the service to cable and satellite TV partners in the U.S. and Europe.
The Lagos, Nigeria-based company raised the funds from Sweden’s Kinnevik, an early investor in Groupon Inc. Iroko previously raised $8 million from U.S.-based hedge fund Tiger Global in April as investors in emerging markets seek to tap into one of the fastest growing movie businesses in the world.
Organised black business group, the National African Federated Chamber of Commerce and Industry (Nafcoc), has bought a 20% stake in Mobile TV, the television broadcasting start-up founded by Mothobi Mutloatse.
- Venture capitalists from the US and the Netherlands have set their eyes on local animators, film makers and media firms and will be in the country between July 10 and 11 in search of potential viable business ideas they can invest in. The two foreign firms, Acumen Fund and Africa Media Ventures Fund are among six companies that include four Kenyan groups that will be meeting with local film-makers and broadcasters during this year’s 4th Annual Broadcast, Film and Music Africa (BFMA) conference to be held in Nairobi.
The official countdown to Africa’s premiere film finance and coproduction forum kicks off with a bang this year. With less than six weeks to go to the 3rd Durban FilmMart, organisers are gearing up for the ‘behind-the scenes’ film event of the year. The Durban FilmMart Delegate Registration is officially open promising access to key experts, broadcasters, financiers at the new venue Blue Waters Hotel on the Golden Mile of Durban’s beachfront.
Eutelsat Communications and the government of Madagascar announced the renewal for seven years of a capacity lease on the Eutelsat satellite 16A, at 16 ° is. These resources provide distribution of the first public television station, Television Malagasy (TVM), and national radio, Radio Madagasikara (MNC), on the whole territory of Madagascar.
Source: Eutelsat Communications translated from French by Balancing Act
y bringing together the media research industry across African borders, the Pan African Media Research Organisation (PAMRO) aims to produce harmonised, compatible and comprehensive audience measurement data for the entire continent. By promoting media research in Africa, PAMRO aims to assist in uncovering the opportunities that exist for growth and development in all African countries. One of PAMRO's key vehicles for bringing people together from around the continent is its annual conference, the PAMRO All Africa Media Research Conference.
Film projectors will get the axe as the cinema chain moves to digital technology.
Cinema chain Ster-Kinekor Theatres will replace all of its screens countrywide with digital technology over the next 12 months in a deal that will probably be worth nearly R100m. About 400 screens are affected by the move.
The company, which is owned by Primedia, has signed an agreement with Arts Alliance Media, a digital cinema equipment supplier, to install the technology at all of its 59 sites. Roughly 12% of its screens are already digital.
Source: Duncan McLeod NewsCentral Media 19 June 2012
- 29 May 2012: Pay television channel M-Net has bought the rights to flight the SABC's weekly soapies - Isidingo and Generations. The move means that DStv subscribers across Africa can now watch the same Generations and Isidingo episodes that are being flighted locally on SABC. Generations, on SABC1, and Isidingo, on SABC3, premiered yesterday on the pay station's Africa Magic Entertainment channel.
Al Jazeera plans to launch a French-language news channel for Africa between now and the end of the year, according to a report in French newspaper Le Figaro.
According to the report, the Qatar-based broadcaster is looking to challenge the hold of French-based media on Francophone West Africa, following its launch some months ago of a Swahili-language version aimed at the eastern part of the continent.
The new channel will be based in Dakar in Senegal, according to Le Figaro, avoiding complex licensing requirements and regulation that a base in Paris would involve.
StarTimes is now available across Kenya following the launch of the Chinese-owned pay-TV service by the Pan African Group - the country's second national digital television signal distributor - on Monday (11 June). StarTimes, which will be competing with Multichoice's DStv and GoTv, as well as the Wananchi Group's Zuku, reportedly claims to have invested US$75 million (Sh6.4 billion) to build a nationwide DVB-T2 compliant platform which provides 21 TV channels.