ROK, the leading Nollywood film studio and international TV network, has announced that it has been acquired by France's CANAL+ Group. According to ROK, part of the transaction involves video streaming paltform, IROKO Ltd, the digital content distributor for Nollywood content which was founded by Jason Njoku, taking full control of the joint venture IROKO+ streaming platform which focusses on video content for French speaking parts of Africa.
Mary Njoku, founder of ROK, will continue in a leadership role as Directeur General of ROK Productions SAS, and is reported to be maintaining an undisclosed shareholding in the company.
“ROK has captured the imagination of millions of movie fans, and they have truly supported us as we’ve grown the company to celebrate and enjoy our African culture. I’m excited to be taking our platform on the next stage of its journey with CANAL+ Group, who share our passion for creating original content, supporting new talent and together, we have ambitious plans for the future," said Mary Njoku.
Launched in 2013 by Mary Njoku, the Nollywood studio has grown in stature and in terms of pan-African and international viewership; ROK reaches 15 million subscribers across DSTV and GOTV platforms in Africa alone with its ROK channels and has produced over 540 movies and 25 original TV series, making ROK one of the most prolific production houses in Nollywood.
ROK was incubated from 2013 onwards, by IROKO,whose flagship platform IROKOtv has been at the forefront of how Nollywood content is accessed and consumed around the world. This is definitely a landmark acquisition deal for the four year old Nigerian startup and for African digital media startups in general.
Apart from IROKO+, CANAL+ will continue to work with IROKO, with non-exclusive content distribution of ROK content via IROKOtv's video streaming app.
“Through this acquisition CANAL+ Group is very happy to develop and enhance the catalogue of Nollywood contents and expand the ROK brand inside and outside the African continent," said Jacques du Puy, CEO of CANAL+ International.Share this article via: