YouTube recently celebrated its seventh birthday. Acquired by Google in 2006 for $1.6 billion, the investment is turning out to be a successful bet. YouTube has become the go-to destination for the best video content on the web.
Its content ranges from education to entertainment; amateur to professional. Over the last seven years, YouTube has gone through a remarkable period of transformation and growth.
Source: 31 May 2012.Source: The Observer (Kampala)
In Windhoek, National public broadcaster, NBC, is mooting drastic changes that are bound to ruffle feathers within the market of commercial radio broadcasting and related services, in its quest to generate a profit.
The brash NBC director-general Albertus Aochamub says the changes, which include introducing new non-traditional/conventional services associated with NBC and cost adjustments for current services, are necessary to finalise the "financial clean-up" and to turn the beleaguered public broadcaster into a "going-concern entity".
Ethiopia follows Nigeria as the second most populous nation in Africa, with 83 million people and two major ethnic groups that account for close to 60 percent of the population. In recent years, Ethiopia has emerged as one of the fastest growing economies in Africa with 10 percent GDP growth in 2010. Although the majority of the population is rural (82%), the urban population is growing twice as fast as the rural and over half of Ethiopia’s population is under 20 years old.
Africa’s richest woman Isabel dos Santos has bought a further 5 per cent of Portugal’s leading pay-TV and Internet provider Zon Multimedia from Spain’s Telefonica.
The acquisition makes Dos Santos, the entrepreneurial daughter of Angolan President, the largest shareholder of Zon Multimedia, with her total share rising to 15 per cent. The move was her second foray into the Portuguese market after she secured 9 per cent share in Portugal’s third-largest listed bank Banco BPI.
The local film industry’s efforts to position SA as a world-class film-making destination were boosted this week when a group of South Africans jetted off to New York to rub shoulders with the rich and famous at the Tribeca Film Festival.
iRoko Partners, a Nigerian based, digital distributors of Nigerian music and movies and one of the largest and fastest growing black owned internet companies, has raised $8 millions in funding from Tiger Global, a hedge fund run by an early Facebook and Zynga investor.
In its genuine effort to sanitise, empower and create an enabling environment for tourism stakeholders to explore and maximise the full benefits of tourism, the apex tourism regulatory agency in Nigeria, the Nigerian Tourism Development Corporation (NTDC) last Friday entered into a partnership with NTA and launched three tourist products continued to add value to tourism.