Popular online streaming site, Netflix has acquired Kunle Afolayan’s movie, ‘Mokalik‘. The award-winning director disclosed this in an interview with News Agency of Nigeria, on Wednesday July 3, on the sideline of the French-Nigerian Cinema Days which held from July 2 to 3 at the Alliance Francaise, Ikoyi, Lagos.
He said, “Netflix has acquired ‘Mokalik’ and some other of my films”. Though he didn’t disclose the price paid for the acquisition, he said that the company had not announced when the movie would be listed on its site.
Reason for the acquisition: Netflix has continued its quest to deliver original contents to its African subscribers, and the acquisition is part of the American streaming giant’s $15 billion budget set out to get original content globally.
This won’t be the first time the streaming site is acquiring a Nigerian movie. Last year, the company acquired Genevive Nnaji’s ‘Lion Heart‘. It has also previously acquired licenses for movies such as ‘October 1’ (another movie by Afolayan) and the 2016 hit, the ‘Wedding Party’.
About Netflix: Netflix Inc. is an American media services founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, with its headquarters in Los Gatos, California.
Netflix is a subscription-based streaming OTT service which offers online streaming of a library of films and television programmes, including those produced in-house.
According to reports, Netflix as of April 2019 had over 148 million paid subscriptions worldwide, including 60 million in the United States, and over 154 million subscriptions total, including free trials.
Netflix has offered lots of original contents on its site since 2012. By January 2016, its services operated in more than 190 countries and released an estimated 126 original series and films the same year, more than any other network channel.