[Transcript] #16: Iroko TV - How the Nollywood video platform is overcoming challenges to deliver African entertainment around the world
Transcript for podcast originally recorded on November 15, 2020
😉 Hello Afrobility readers and listeners!
Back in November 2020, we discussed Iroko TV, the Nollywood media streaming platform…
We had a fantastic time delving into our inaugural entertainment tech episode. We explored the Nollywood market, delved into Jason's background and the founding story, and examined how Iroko's business model has evolved over time. Their business model has transformed through various phases:
Linear retail (sales revenue)
Desktop video distributor (ads revenue)
Desktop video streaming platform (subscription & ads revenue)
Financing & production platform
Mobile app platform (subscription & ads revenue)
Enjoy & DFTBA!
Olumide Ogunsanwo
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Transcript starts here
[00:00:00] Olumide Ogunsanwo: Welcome to Afrobility, a conversation about African business and technology. Today, we're going to talk about IrokoTV, the Nollywood media streaming platform. We'll give some background on the Nigerian cinema industry. We'll talk about Iroko's founding and early history. We'll also talk about its different businesses over time, and then we'll end with our views on its future outlook.
This episode was recorded on November 15, 2020. BMK, how are things?
[00:00:29] Bankole Makanju: That's a good new name. I'm fine. Life is good. Can't complain. How are you?
[00:00:34] Olumide Ogunsanwo: I'm great. I'm running out of nicknames to give you. I think at some point I may need to revert to just Banky.
[00:00:40] Bankole Makanju: I'm looking forward to the conversation today. I came back from a long walk. I'm ready. Let's talk about Iroko.