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.*
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