The first annual DISCOP Business Summit will take place in the Nigerian capital city of Abuja next year during the annual ZUMA Film Festival.
The new initiative is being organized by DISCOP Markets and the Nigerian Film Corporation (NFC) and is in response to growing interest in African markets. With a particular emphasis on the fast-developing Nigerian content sector, DISCOP Business Summit Nigeria will include representatives from the banking sector and the content business as it explores the challenges of production financing. It was announced at DISCOP Johannesburg.
Chidia Maduekwe, managing director of the NFC, noted, “The importance of this partnership cannot be lost on the present administration’s focus on diversification of Nigeria’s economy away from the fossil dependency towards the creative economy. The collaboration of DISCOP and Nigerian Film Corporation is a welcome development that marks an important milestone in the policy direction of the Industrial Advisory Council on Technology and Creativity under the chairmanship of His Excellency, the Vice President of Nigeria. It should be recalled that HEVP recently led Nigeria’s creativity team in a visit to California earlier in the year. The continuous development of quality productions in the Nigerian motion picture industry will be given fresh impetus following from this signed MOU between NFC and DISCOP.”
DISCOP Markets CEO Patrick Zuchowicki added, “It is time for the banks, financial institutions, and investment funds to take the pulse of the opportunities available in the African entertainment and media marketplace. The ‘Show Me The Money’ [Business Summit] will help lenders understand how important a role they can play in the development of the world’s fastest growing marketplace for film, television, digital and musical content.”