iROKO has announced content development and in capital funding deals today, totaling $19 million, including investments from French media giant CANAL+, and existing investor Kinnevik AB, in addition to iROKO’s own cash flow, all in an effort to give the leading African tech & entertainment company the platform to scale its operations and expand aggressively across the continent.
The investment will be go into the financing and production of local content, and into its product and engineering teams in Lagos (Nigeria) and New York. The goal here is to produce at least 300 hours of original content in 2016, with the expectation of doubling that by 2018.
This will enable…
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