AY comedian has aired his view on the viral issue that Netflix has readjusted its terms with filmmakers due to misappropriation of funds.
The comedian turned filmmaker stated that it’s not just about filmmakers, but Nigerians in its entirety, highlighting how 300,000 Netflix subscriptions covers 200 million people, if not for some hanky-panky involved.
Nigerian comedian and actor Ayo Makun has shared his thoughts on the recent controversy surrounding Netflix’s alleged halt in funding Nigerian original movies.
The controversy began when filmmaker Kunle Afolayan revealed that Netflix had stopped commissioning Nigerian originals. This sparked concerns about the streaming giant’s commitment to the Nigerian market.
In an interview with Nollywood on Radio, the comedian clarified that Netflix is not exiting the Nigerian market.
The actor said instead, the streaming giant is likely re-strategizing its approach due to financial concerns.
According to Makun, Netflix’s spending in the Nigerian market has exceeded its earnings, prompting a reassessment of its business model.
The filmmaker added that Netflix’s struggles in Nigeria are due to the widespread practice of subscription sharing and low subscription rates.
He argued that with a population of over 200 million, Nigeria has a relatively small number of Netflix subscribers, “estimated to be around 300,000”.
Ayo Makun
Makun said the discrepancy suggests that many Nigerians are accessing Netflix content through shared subscriptions, rather than purchasing individual subscriptions. In Ayo Makun’s words:
“I had a meeting with Netflix recently and it was never mentioned to me that they are opting out of business in this part of the world.
“At the last meeting, we discussed my next project and how they can be a part of it. I also do not want to believe strongly that they are leaving Nigeria.
“There is no way they would leave just the way people are saying it. The truth is if you are doing business in a particular region and you are not making money but spending much more than you making, you would want to re-strategise. That is what is going on with their system and structure.
“…Most of these things do not really deal with the filmmakers alone, it has to do with us as Nigerians. For example, the subscription basis for Netflix in a country that has a population of over 200 million people is just about 300,000 so there is a leakage somewhere that needs to be corrected.
“…You would see a person with a Netflix subscription sharing with several people, so that’s the problem. It is not just about the filmmakers.”
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