PCCW's HKT unit will unveil the entertainment service as early as next week.
African creatives are finding a new audience among the youth, who according to the latest Africa No Filter report have grown their proclivity for local content.
The narrative change organisation’s report indicates Africans are consuming African films equally as much as the US or international content.
“Most respondents watched films every week, whether local/African films (67%) or US/international films (66%). Among respondents who had watched between one and seven films, slightly more respondents had watched local or African films (57%) than international or US films (53%),” the report states.
Regionally, North Africans were the least likely to have watched a film (45%) but were equally as likely to have watched local/African and US/international films (51%).
West Africans were marginally more likely to have watched local/African films (70%) compared to international films (67%).
“International films received a marginally greater audience in East Africa (78%) and Southern Africa (73%) compared to local/African films. Respondents from Côte d’Ivoire were most likely to have watched a film, whether local/African (86%) or international/US (76%),” Africa No Filter, a donor collaborative that supports African narratives, reports.
“Given the minor discrepancies, it seems that audiences are as interested in watching local/African films as they are in watching international ones,” it found.
Recent studies also show that Africa’s young population is helping to drive video subscription business revenue for streaming services as content-on-the-go shakes the African media market.
Digital TV Research’s figures now show the continent will have 13.64 million paying subscription video on demand (SVOD) by 2027, up from 4.90 million at the end of 2021.
Household SVOD subscriptions will still remain low compared to more mature markets like Europe.
Digital TV Research further shows some 6.6% of TV households will pay for at least one subscription by 2027, up from 3.9% at end-2021.
International streaming services like Netflix have also taken note of the shifting trend in Africa towards local content and are now co-producing films and reality series like the popular Young, Famous & African.
Tellingly, Netflix now has the categories “Made in Africa” and “Nollywood” that highlights how seriously it conceives the African market.
While Africa’s ballooning youth population and growing middle class could represent a profitable niche for streaming services, this could also be a big opportunity for African production industries.
However, Nigerian film critic Wilfred Okiche, warns that Nollywood may, for now, have lost its shine and that the Netflix “opportunity” should be handled with care.
“For independent Nollywood filmmakers, the Netflix relationship is a lifeline to an industry badly in need of structural uplift, having hit something of a plateau with both video and theatrical, its two primary distribution models,” Okiche said.
Netflix, Showmax, Disney and Amazon have been studying consumer habits on the continent to appeal to its one-billion-plus audience.
Netflix has about 2.6 million subscribers in Africa and wants to grow that number to 5 million by 2025. The number of people watching movies on the platform is said to be much higher, factoring in family sharing by its premium subscribers.
Netflix’s chief rival, MultiChoice’s Showmax, which has invested heavily in original African content, is beginning to reap the reward as African content now accounts for 40% of its viewing.
MultiChoice is Africa’s largest pay-TV group and is available in 50 African countries. Its streaming service launched in 2015 and is available in 46 African countries, as well as in Britain and France, where it targets the African diaspora.
In April this year, the streaming service said it will double its investment in creating movies and shows set in its biggest markets — Nigeria, Kenya and South Africa.
However, the Africa No Filter report found that African writers are not writing for local audiences and that the continent’s readership also hardly reads for pleasure.
“We also compared the respondents’ reading habits, asking how many books by African and/or international authors they had read for pleasure over the last month,” Africa No Filter notes.
Hardly any respondents had read a book in the month before the interview (75%) with 71% not having read any African authors’ books.
“This indicates that African authors are not attracting an African youth audience,” the report said.
This article was first published by bird