NBC Code: Netflix, Amazon, iROKOtv, Africa Magic may end investment in Nigeria

, as well as pay television channels, iROKOtv and Africa Magic are considering halting further investments in the Nigerian content industry, Vanguard has learnt.

Sources told our correspondent that the new code makes exclusivity illegal, compels content sub-licensing and aims to regulate the prices at which content is sub-licensed. An Enugu-based industry source also reasoned that Sections 9.1.1.8 to 9.1.1.11 of the Code are most injurious to investors in the industry.The sections provide that a broadcaster must sub-license a programme in any genre if such enjoys massive viewership among Nigerians.

He further explained that forced sub-licensing will inhibit investments, especially by foreigners in the content creation and broadcasting industry.

Because of tax? They should end it then. Are they not paying tax to other countries?

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