Category : Press Release
Black Speech Media Group (BSMG), a New York-Based African Entertainment Company, Paves Way for African movies and Films to Go Mainstream
In a November 14 press release published on PR.com, it was reported that Black Speech Media Group, who is among the leading producers and distributors of “Nollywood Films“, has pioneered in bringing prominence of Nigerian films to digital distribution space by its launch of Nollywood movies on both Amazon Prime and iTunes, NollywoodSocial.Net reports.
The newly established initiative according to report, is in partnership with Autonomous Entertainment, a media marketing and distribution boutique, which is also based in New York.
The two New-York based companies proposed a plan that would build a landing page and digital channel on most of the major digital platforms, such as iTunes, Netflix, Amazon Prime and Hulu. The first batch of titles are available on Amazon Prime and iTunes and have already gone live in six territories: USA, Canada, United Kingdom, Ireland, New Zealand and Australia. With more territories and more titles rolling out in the coming months, this venture will be a game changer for the Nollywood industry, much like the rise of the Bollywood industry ten years earlier.
Black Speech Media Group claims to have more than 50,000 Nollywood titles on its platform (blackspeechmediagroup.com), which is currently under construction as at the time this article was published on NollywoodSocial.Net (Nov. 16).
The press release further revealed that the Nigerian Film industry,”Nollywood“, has grown into the second largest film industry in the world in terms of number of annual film productions – ahead of the United States (Hollywood) and behind only Indian cinema (Bollywood).
The Nollywood Film industry is said to be worth $3.5 billion as of 2008 and produces over 2,000 films annually (CNN Report). An average production cost of $50,000 for a Nollywood title can sell an average of 500,000 DVD copies in local markets (Forbes). A hit may sell several hundred thousand DVD’s in Nigeria and twice as much worldwide providing astounding returns for the producers. References: CNN, Forbes, BBC News, Wikipedia.
Below are quoted comments from the CEO’s of both Black Speech Media Group (BSMG) and Autonomous Entertainment, on their partnership towards taking African Movies to Mainstream media.
“Now that we have established Nollywood as a genre with iTunes and Amazon, we are negotiating the addition of this genre across other platforms, such as Hulu, Xbox, Verizon/Redbox, Sony PlayStation, etc.” added Timothy Kublenu, CEO of Black Speech Media Group. “It is our hope that our company will serve as a conduit whereby more producers and film makers can easily make available their films to a larger and global audience.”
“iTunes was the first to help us establish a digital presence for Nollywood, a genre that didn’t exist on any of the major digital platforms,” says Autonomous Entertainment CEO Cedric Beasley.
Black Speech Media Group, a privately held company founded in 2004 with 1-10 employees, has its headquarter office located at #747 Third Ave, New York, New York 10017, United States, according to information found on Linkedin and Facebook.
Autonomous Entertainment, a partnership type company founded in 2009 with 1-10 employees, has its headquarter office located at 421 8th Avenue #8461 New York, NY 10001-9998, United States, according to information found on Linkedin.