Netflix Pulls Out Of Nigerian Movie Space

Netflix, the global streaming giant, has reportedly exited the Nigerian movie market after operating there for eight years. This announcement was made by prominent Nigerian filmmaker Kunle Afolayan during his address at the 2024 Zuma Film Festival.

Although Netflix has not issued an official statement on the matter, Afolayan, who has worked with the platform on several projects, confirmed the exit, noting that it was kept under wraps until now.

Netflix, which launched in Nigeria in 2016, has been an influential force in the local film industry, providing financial backing for the production of Nigerian content. However, sources like Nollywood Wire indicate that the platform officially withdrew from the market in November 2024.