Broadcasting
Njoku,iROKOtv Boss Bags CNBC AABLA West Africa Young Business Leader of the Year
Jason Njoku, co-founder and CEO of iROKOtv, has won the acclaimed title of CNBC Young Business Leader of the Year2013 -West Africa.
The accolade was awarded to him last night at the Intercontinental Hotel, Lagos, Nigeria and was attended by captains of industry and government leaders.
The annual ‘All Africa Business Leaders Awards – West Africa (AABLA – WA) honours business excellence in the West Africa region that has had a considerable impact on their industry and the community that they serve.
Njoku said from his London offices: “This is an incredible honour, to be recognised by my peers and notable business leaders from across West Africa. I enjoyed going through the rigorous judging process as it helped me put into context the achievements iROKO has reached, as well as consider the challenges we have for the future.
“Being an entrepreneur is the hardest thing someone can ever do; it consumes every second of your day and will challenge and push you to your absolute limits. It is both brutal and sublime and as many of my peers will testify, doing business in Africa comes with its own set of unique challenges. That being said, there’s nothing else I would want to be doing with my life and I’m extremely proud of what we’ve been able to build with iROKO giving the African internet scene the global platform it so rightly deserves.
“I am thrilled with this award and would like to thank CNBC, Forbes Africa, ABN 360 Productions, the esteemed judging panel and everyone else involved with the event. I would also like to take this opportunity to congratulate my fellow finalists and winners on the evening.”
The judging panel for AABLA West Africa included; Seyi Bickersteth – national senior partner of KPMG Professional Services, Nigeria; Oscar N. Onyema -chief executive officer, The Nigerian Stock Exchange; and Bismark J. Rewane – economist and banker.
In December 2010, Njoku launched a YouTube site dedicated to streaming Nollywood movies called Nollywood Love, which attracted the attention of US-based Hedge Fund Tiger Global who led on two rounds of funding totaling $8 million.
This was invested into building a dedicated movie platform and purchasing more movie content. Today www.irokotv.com is the world’s largest online distributor of Nigerian movies, with a catalogue of over 5,000 and has been dubbed by the world’s media as the ‘Netflix of Nollywood’.
It records close to 1million unique visitors a month with Nollywood fans logging in from 178 countries in the world.
The company has disrupted the Nollywood movie industry and has successfully reorganised the global distribution of one of Nigeria’s most prized exports.
Njoku concluded: “I cannot receive this award without mentioning the unfaltering love, support and patience of my wife, Mary, who has recently brought our first son into the world, making me the happiest man alive. I must also thank my best friend, business partner and iROKO co-founder, Bastian Gotter, whose initial investments into my ‘crazy Nollywood internet project’ have helped us to grow our business into a market leader. Without the combined help and support from Mary and Bastian, the company simply wouldn’t exist.”
In 2012, Njoku was touted by Forbes Africa as one of Africa’s Top Young Millionaires to watch and earlier this year, he was named by New African Magazine as one of Africa’s Top 50 African Trailblazers. He is also an official Growth Ambassador for the Alternative Securities Market (ASeM) with the Nigerian Stock Exchange (NSE).
Nigerian Institute of Public Relations (NIPR) has announced the postponement of its maiden annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes to January 25, 2026.
NIPR
The event, earlier scheduled for December 7, 2025, was deferred to accommodate stakeholders whose observance of Christmas festivities had commenced earlier than expected.
Chairman of the Organising Committee, Mr. Israel Opayemi, urged stakeholders to note the new date and prepare to participate in the ceremony.
He said the awards would motivate professionals, practitioners and scholars, while enhancing Nigeria’s global competitiveness in the public relations ecosystem and strengthening brand equity for all stakeholders.
Opayemi reaffirmed the Committee’s commitment to delivering a best-in-class award administration and ceremony, describing the PRICE Awards as a credible and enduring platform to identify, celebrate and elevate outstanding individuals, campaigns and organisations shaping the public relations landscape across sectors.
The development of the PRICE Awards peaked in September 2025 when the NIPR President and Chairman, Council, Dr. Ike Neliaku, inaugurated a 12-man committee to organise the maiden edition. The inauguration followed the Council’s adoption of the report of a technical team tasked with establishing the awards.
Netflix has announced a landmark agreement to acquire Warner Bros. and HBO Max in a transaction valued at $82.7 billion, a move analysts say will reshape the global entertainment industry.
Netflix
The deal, which includes Warner Bros.’ film and television studios, HBO, HBO Max, and Warner Bros. Games, was unanimously approved by the boards of both companies. Under the terms, Warner Bros. Discovery (WBD) shareholders will receive $23.25 in cash and $4.50 in Netflix shares for each WBD share.
Netflix co-CEO Ted Sarandos described the acquisition as “a defining moment” for the streaming giant, noting that the company intends to maintain Warner Bros.’ current operations while expanding its production capacity.
“By combining Warner Bros.’ incredible library of shows and movies with Netflix’s culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling,” Sarandos said.
The transaction is expected to close within 12 to 18 months, following the planned spin-off of WBD’s TV networks division, Discovery Global, in 2026. Netflix projects annual cost savings of $2–3 billion by the third year after completion and expects the deal to be accretive to earnings per share by year two.
Industry groups, including the Directors Guild of America and Cinema United, have raised concerns about the impact on movie theaters, while regulators are expected to scrutinize the deal over antitrust issues. Netflix has pledged to continue supporting theatrical releases, with Warner Bros.’ cinema commitments running through 2029.
Warner Bros. Discovery CEO David Zaslav hailed the agreement, saying it “combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love.”
Observers note that the acquisition comes 15 years after former Time Warner chief Jeff Bewkes dismissed Netflix as “the Albanian army,” underscoring the dramatic shift in the entertainment landscape.
A major shake‑up rocks viewers and subscribers of DSTV/GOTV as many channels are set to shut down and be removed on January 1, 2026.
The trigger for the upcoming shut‑down is a breakdown in negotiations between the owners of multiple global channels and the pay‑TV operator.
As of December 2025, the deal between Warner Bros. Discovery (WBD) and DStv/GOtv has expired and the two parties have not reached a renewal agreement.
Without a new carriage/distribution agreement, the channels belonging to WBD risk being pulled off the DStv/GOtv line‑up.
This is the most significant content cutback the service has seen in years.
The affected channels are:
Discovery Channel
TLC
Cartoonito
Cartoon Network
CNN International
Food Network
The Travel Channel
TNT
Investigation Discovery
Real Time
HGTV
Discovery Family
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