Nigerian Music and Film Asset Financing
Local financial institutions are having their key officers trained in assessing risk and developing valuations on Nigerian music and film assets
Having been involved in the legal, business and financial side of the Nigerian entertainment sector for a while, I have been able to observe a number of its trends and developments. One that I am particularly happy with is the financial sector’s growing desire to understand the business mechanics and underlying assets of these creative industries.
For years we have seen headlines about Federal Government policy initiatives to fund the Nigerian creative industries. These initiatives have seen some success, particularly in the distribution and retail end of the film sector resulting in the growth of cinema screens - a key film sector revenue driver - around the country. Unfortunately, similar successes have not yet been replicated upstream in the film industry (i.e. production) - though I have previously written on mechanisms and structures to increase production financing - and has barely touched the music industry.
Moreover, these laudable initiatives…