🌍 Feed

✍🏿 Compose

Capital Films Launches ₦500 Million Fund to Invest in Nollywood Movies 🎬

#investments
#entertainment
#film
Capital Film Productions, a film financing firm co-founded by a former tech professional, has launched a new fund to invest in Nollywood movies.

Capital Film Productions, co-founded by a former Google employee and a business manager at Shell, has introduced a ₦500 million fund, "Act 3," to invest in Nollywood films. This comes after their success with movies like Gangs of Lagos and Brotherhood, with a 37% cumulative return on previous investments. Capital Films pools funds from retail investors, offers advisory services to filmmakers, and is contributing to Nollywood's growth amid global recognition.


Tech-focused professionals are increasingly financing Nollywood movies, attracted by shorter return cycles compared to tech investments with fewer exits. The Nigerian film industry is experiencing a transformation, with outside investments bringing new perspectives and expertise to an industry on the verge of global expansion. The company is closing its third fund and has plans for future growth.


*Summary: Capital Film Productions launches a ₦500 million fund, "Act 3," to invest in Nollywood movies, building on their previous successes and offering advisory services to filmmakers. Tech-focused professionals are drawn to Nollywood due to its shorter return cycles, and their investments are contributing to the industry's growth.*


Read more on TechCabal

Top comments(0)

SEND

You may like this too...

Bird Story Agency

Despite a dip in overall funding levels, the continent is witnessing a marked increase in the number of ventures securing $1 million or more.
Apr 10, 2024

Bird Story Agency

Mozambique doubles down on growth with Africa's first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback.
Apr 5, 2024

Bird Story Agency

From ranking as the world’s worst-performing currencies in 2023, the Kenyan shilling and Nigerian naira have made significant progress. They are now among the best-performing currencies in the world for 2024, raising hopes for a lower cost of living in these countries.
Apr 2, 2024

Benjamindada

Explore how Leatherback's collaboration with YES BANK is revolutionizing remittances by enabling seamless Indian Rupee transfers worldwide, fostering economic growth and cultural exchange between India and Africa.
Mar 26, 2024

TechCabal

Access Bank's acquisition of National Bank of Kenya (NBK) marks a significant move in its East Africa expansion strategy, valued at around $100 million, pending regulatory approval. 📈💰
Mar 21, 2024

TechCabal

Nigeria's Access Bank strengthens its presence in Kenya with the acquisition of the National Bank of Kenya from KCB Group, marking its second Kenyan acquisition in recent years. 🌍💼
Mar 20, 2024

TechCabal

Nigeria's Securities and Exchange Commission (SEC) proposes a substantial increase in the minimum paid-up capital for virtual asset service providers (VASPs) to ₦1 billion, aiming to reshape the crypto landscape.
Mar 18, 2024

TechCabal

Chipper Cash, a prominent fintech company, announces layoffs and salary cuts after suspending its services in the US, highlighting a strategic shift towards focusing on its African markets.
Mar 16, 2024

TechCabal

Despite economic challenges fueled by hyperinflation and sanctions, Zimbabwean startups are resilient and forging ahead. Learn how they navigate funding constraints, access markets beyond borders, and embrace alternative financial technologies.
Mar 15, 2024

Bird Story Agency

Nongcebo Langa fell in love with wine after a chance encounter with a winemaker at a fair. She went on to study the craft at South Africa’s renowned Stellenbosch University and her passion and mastery of the industry’s technical processes has resulted in her creating award-winning wines, like the 2022 Delheim Gewürztraminer.
Mar 12, 2024
Home
Business Hub
Market Hub
You
By signing up you agree to ourTerms|About us|Market Hub|Business Hub|Deals Hub