The future of Southern Africa's entertainment industry
What does the future of the entertainment industry in Southern Africa look like? Joining CNBC Africa is Alex Okosi, Executive Vice President and MD of VIMN Africa.
Thu, 10 Aug 2017 15:16:25 GMT
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AI Generated Summary
- Rise of local content and subscription video-on-demand services reshaping the industry
- Focus on content localization and cultural relevance driving audience engagement and revenue
- Language diversity and quality control challenges amidst content abundance
As the entertainment landscape in Southern Africa continues to evolve, the future of the industry looks promising and dynamic. Alex Okosi, Executive Vice President and Managing Director of VIMN Africa, sheds light on the current state of the Southern African entertainment space and the exciting developments that lie ahead. With a focus on video entertainment, Okosi highlights the increasing demand for local content and the emergence of new platforms in the market. The shift towards subscription video-on-demand services like Showmax is reshaping the way consumers access and consume content, paving the way for a more personalized and dynamic viewing experience.
One of the key drivers of this transformation is the changing business model within the industry. While production costs for local content may be higher than acquiring foreign content, the value and demand for authentic African narratives are driving investments in locally produced content. The shift towards prioritizing local content not only resonates with audiences but also presents new opportunities for revenue generation through advertising and subscription models. As a result, the industry is witnessing a surge in the creation of diverse and culturally relevant content that caters to the preferences of African viewers.
Moreover, the process of adapting global formats like 'Ridiculousness' or 'Lip Sync Battle' to suit African audiences has been a successful endeavor for VIMN Africa. By infusing local talent, music, and cultural elements into international formats, the network has been able to create engaging content that resonates with local audiences. This localization strategy has proven to be more impactful and engaging than simply exporting international content, showcasing the power of storytelling that is rooted in African heritage.
Language diversity also plays a crucial role in shaping content creation and distribution across the continent. While English remains a dominant language in the pay TV space, indigenous languages are gaining prominence in the free-to-air sector due to their wider reach among mass audiences. However, when it comes to exporting content, the use of European languages such as English, French, or Portuguese may be more commercially viable for reaching international markets with varying language preferences.
Despite the proliferation of content across multiple platforms, the issue of quality control and viewer experience remains a pertinent topic. With an abundance of television channels and digital content available, there is a growing concern regarding the overall quality of programming. Okosi acknowledges the diversity of content choices and the subjective nature of individual preferences, emphasizing the importance of tailored content for specific audience segments. While some may perceive certain genres as 'rubbish,' the increased customization and specialization in content production cater to a wide range of viewer tastes and interests.
In conclusion, the future of Southern Africa's entertainment industry is characterized by innovation, diversity, and a shift towards local content creation. By leveraging the rich cultural tapestry of the region and embracing technological advancements, stakeholders in the industry are poised to deliver compelling and relevant content to audiences across the continent and beyond. The dynamic evolution of the entertainment landscape in Southern Africa signals a new era of creativity and storytelling that reflects the vibrancy and uniqueness of the region.