Connect with us

Broadcasting

NCC Partners MOPPAN, Set to Reintroduce Hologram Stamps

Published

on

Kindly share this post

Nigerian Copyright Commission (NCC), in collaboration with stakeholders, will soon reintroduce the hologram scheme to boost copyright regulation and anti-piracy interventions in selected copyright industries.

NCC Partners MOPPAN, Set to Reintroduce Hologram Stamps

Mr. John O. Asein, director-general of NCC, disclosed this recently in Abuja while receiving a delegation of Motion Pictures Practitioners Association of Nigeria (MOPPAN) and Arewa Film Makers Association of Nigeria (AFMAN) led by Dr. Ahmad M. Safari, MOPPAN national president.

Mr. Asein stated that the Commission would collaborate with the National Film and Video Censors Board (NFVCB) and all relevant stakeholders to ensure that the reintroduction of the hologram stamps would strengthen the Commission’s renewed enforcement drive by aiding the identification of genuine copyright works.

The Commission and MOPPAN representatives also discussed various strategies to sanitise the production and distribution channels in the movie industry, particularly in the northern part of the country.

He noted that while much of copyright dealings were now online, there was still a huge volume of works in the physical space.

Expressing regret that some vested interests had scuttled the implementation of the hologram scheme when it was first introduced by the Commission over two decades ago, he indicated that the scheme would be reintroduced to run first as a voluntary scheme and eventually be made mandatory for certain categories of works.

“All we want is to have a credible, a security marker that would enable the average man on the street distinguish between original and pirated copyright works. This would strengthen the anti-piracy drive of the Commission and enhance copyright protection,” he stated.

The director-general also expressed concerns about the proliferation of dubbing and voice-over of foreign movies which he said constituted copyright infringement under Nigerian copyright law and warned perpetrators to desist from such illegal acts.

Observing that the Commission has a duty to protect the interests of foreign copyright owners as much as other countries have obligations to protect Nigeria’s copyright interests, he cautioned that the Commission would intensify efforts to arrest and prosecute all forms of criminal copyright infringement.

“We must take necessary steps to check the infringing voice-over of local and foreign movies. We may have to combine our powers over piracy with the powers of the NVFCB over uncensored movies, first to enlighten the public and eventually clean up the streets of such criminality across the country” he stressed.

Decrying the socio-economic damage that pirates and copyright thefts cause, Mr. Asein reassured MOPPAN that the Commission would continue to institute and implement policies that would further encourage and secure investments in the copyright industry while making piracy less attractive.

“Nigeria at 60 gives us the creative sector an opportunity to look inwards and celebrate Nigeria. I assure you that, going forward, the Commission will be available to walk the streets and markets with you to send the message in very clear terms that Nigeria is not a dumping ground for foreign movies, with or without voice-over. We should promote this administration’s policy of Nigeria first in the entertainment industry”, he stated.

He appealed to film makers to patronize only legitimate replicating and duplicating plants to further discourage piracy.

The director-general urged stakeholders to support NCC’s regulatory and enforcement initiatives, stressing that despite the challenges of inadequate operational facilities, the Commission remained committed to discharging its statutory mandates.

He gave an assurance that the Commission would review and provide practitioners in the various copyright industries with model contracts to help safeguard their rights and promote rancour-free copyright dealings.

The director-general also disclosed that the Commission has introduced major policy initiatives to respond to the peculiar needs in the copyright industry, such as boarder and international ports policing, the Online Enforcement Unit, the regulation of duplicators, as well as intensified raids of piracy hotspots across the country.

Speaking earlier, Dr. Safari, national president of MOPPAN, identified the main challenges undermining the growth of the movie industry as piracy; illegal voice-over on foreign movies in the Hausa language; unauthorised content upload on social media platforms; and lack of model contractual agreements in the film industry.

While appreciating the efforts of the Commission at repositioning the creative industry, Dr. Safari urged the NCC to sustain its partnership with stakeholders across all the sectors of the copyright industry.

The MOPPAN National President was accompanied on the visit by the Chairman, MOPPAN in the F.C.T., Alhaji Habib Barde Mohammed; National Coordinator of Arewa Film Makers Association of Nigeria (AFMAN), Alhaji Ahmad Turaki Kaka and MOPPAN Secretary, Mr. Dalhatu Sule.

Directors of the Commission in attendance were the Director, Regulatory Department, Mr. Augustine Amodu; Director, Nigerian Copyright Academy (NCA), Mr. Mike Akpan; Director of Enforcement, Mr. Obi Ezeilo; and the Director, Public Affairs, Mr. Vincent A. Oyefeso.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Broadcasting

VFD Group Proposes SplitXchange for Financing Nigeria’s Creative Industry

Published

on

Kindly share this post

VFD Group Plc has proposed the introduction of a specialized Exchange that would address the issue of financing in Nigeria’s entertainment and creative industries to bolster foreign exchange earnings and economic development.

Folagbade Adeyemi, the Managing Director of Splitar Limited,  stated this while speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) quarterly Forum, sponsored by VFD Group Plc.

Adeyemi revealed that the Group is actively pursuing an exchange platform tailored to the media and entertainment sector, offering diverse investment opportunities for both domestic and international investors.

Currently in its development stage, SplitXchange when launched, would offer a platform for financing the media and entertainment industry, among other alternative assets.

According to him, “Seeing the huge potential in alternative assets, Splitar Holdings, through Split Exchange, would drive the alternative assets space with its revolutionary digital exchange.”

He emphasized the potential of this sector to significantly improve the GDP of the country and called for a collaborative approach towards establishing robust frameworks and clear guidelines to support investment in alternative assets leveraging technology.

“Unless we collaboratively set up institutions that can provide data around these asset classes and place a true value on these asset creators to make seeking finance a lot easier, we will not see significant returns.

“A lot of transactions have been ongoing within that space which are not captured within the country’s value chain. That is what SplitXchange seeks to address.”

With Nigeria’s estimated population at 208.8 million people, Adeyemi highlighted the increasing demand for Nigerian content locally and on a global scale.

Speaking on the theme: “Beyond Tradition: Increasing Relevance of Alternative Assets in the Capital Market,” Adeyemi lamented the absence of robust funding pillars in the country.

He emphasized the potential of Entertainment and Media, noting that globally there is an average market size of $41 billion as of 2021 with an estimated growth of 4.2 per cent.

While pointing out investments by Netflix and Amazon, which have churned out blockbuster movies that have gained viewership and streams across the globe, he noted that Nigeria’s biggest investor in the form of Pension Assets was yet to invest in the entertainment or streaming services.

He stressed the need to solve the problems of liquidity, efficiency, and barriers to entry in the country.

“In today’s market, the quick conversion of assets into cash is a challenge due to the absence of a well-structured marketplace that oversees and regulates these assets.

“The automation of processes such as compliance, escrow account management, dividend distribution, corporate action management, and drag-along actions technology presents a significant challenge in today’s alternative market. The high initial cost of assets in this market restricts participation to only affluent individuals and corporate investors,” he said.

He noted that the sector remains excluded from the organized financial sector due to the inability of intermediaries to recognize Intellectual Property (IP) as suitable collateral to access funding. “Projects are financed informally through a network of angel investors, high net worth individuals, non-governmental organizations, government, and personal savings,” Adeyemi said.

Furthermore, he pointed out that investors and asset creators face challenges when seeking investment opportunities or raising capital through traditional financial avenues.

“Traditional financial institutions are ill-equipped to appraise industry opportunities due to poor visibility, data, and income/revenue leakages leading to mispricing through high-interest rates, market illiquidity of associated securities, poor market depth, and lack of accessibility for retail investors,” he said.


Kindly share this post
Continue Reading

Broadcasting

Konga Travel Commences Canadian Visa Services for Professionals and Students

Published

on

Kindly share this post

Konga Travels and Tours, a leading provider of travel services in Nigeria is pleased to announce the launch of its Canadian visa assistance services through strategic partnership with a licensed Canadian immigration company.

Konga Travels is now equipped and in a vantage position to assist clients in realizing their relocation dreams.

The new Canadian visa services cater to the travel needs of diverse category of individuals including students, workers, professionals, and investors looking for new opportunities in Canada.

Applicants can get exclusive packages on business immigration, study in Canada, work permits, as well as visit and tourist visa services with the professional assistance of Konga Travels and Tours.

The Business Immigration visa is tailored to investors interested in conducting business activities in Canada with a pathway to permanent residency. The Study in Canada visa service caters to students aspiring to pursue undergraduate or postgraduate studies in foreign institutions renowned for their academic excellence and global recognition.

Okezie Akaniro, Senior Vice President of Konga Online Limited expressed excitement about the expansion of the company’s service portfolio saying “We are thrilled to introduce Canadian visa assistance services to our esteemed clients because we understand the aspirations of Nigerians seeking to pursue educational, professional, or business opportunities in Canada.

“This partnership underscores Konga Travels’ commitment to providing holistic travel solutions that meet the diverse needs of our customers, with our expertise and strategic collaboration, we aim to simplify the Canadian immigration process and help individuals achieve their aspirations of studying, working, or investing in Canada,” he stated.

Expressing his enthusiasm for the new service, Abiola Bakare, Business Head of Konga Travels and Tours posited, “At Konga Travels, we continuously seek ways to enhance the travel experiences of our customers.

“The introduction of Canadian visa assistance services aligns with our goal of providing end-to-end solutions and simplifying the travel process for our clients.”

Konga Travels and Tours goes beyond processing visa applications. As part of its suite of services, Konga Travels offers flight booking, hotel reservations, and tour packages. Recently, Konga Travels and Tours further enhanced its offerings by partnering with Coronation Insurance to provide comprehensive travel insurance solutions.

For further inquiries, customers are encouraged to contact Konga Travels through any of the official customer touchpoints provided here:

Phone Call: +234 809 460 5555; 0708 063 5700

WhatsApp: +234 (0) 811 211 4488

Email: [email protected]

Facebook: Konga Travel

Instagram: @kongatravel


Kindly share this post
Continue Reading

Broadcasting

5 Strategies to Prevent Payment Delays from Hurting Your Business

Published

on

Kindly share this post

Payment delays pose significant challenges for businesses across Africa. Maintaining a steady cash flow is essential for business growth and sustainability, making it crucial to address late or non-payments from customers.

So, how can SMEs effectively prevent payment delays? Let’s explore five actionable strategies to keep revenue flowing smoothly.

Streamline Payment Processes
Smoother payment experiences lead to prompt payments. Simplifying the payment process for customers by offering multiple payment options enhances convenience and reduces the likelihood of delays. It is important to note that collaborating with a reliable payment gateway is fundamental in achieving seamless transactions.

Embrace Subscription Models

Adopting a subscription-based payment model ensures consistent cash flow and predictability in revenue streams. SeerBit has innovative features, such as partial debits and automatic retries which fortify this model, ensuring uninterrupted revenue even amidst payment hiccups.

Digitize Invoicing

Transitioning from paper-based to digital invoicing eliminates delays caused by delivery hiccups, while also minimizing the risk of lost documents. Digital invoicing not only streamlines payment tracking, but also enhances operational efficiency.

Implement Incentives and Penalties

Introducing incentives for early payments and penalties for late payments encourages timely settlements. Customers are motivated to pay promptly to capitalize on discounts and other special deals, while the prospect of additional charges or sanctions deters delays. Reminder notifications serve as gentle nudges, prompting customers to fulfil their payment obligations promptly.

Proactive Payment Management

Partnering with SeerBit empowers businesses to proactively manage payment collections. With a robust payment gateway offering seamless transactions, recurring payment capabilities and digital invoicing services, businesses can effectively mitigate the risks associated with payment delays.

Conclusion

Preventing payment delays is critical for sustaining business operations and fostering growth. The World Bank predicts that late payments cost the global economy over $40billion every year. By implementing these strategies and leveraging the capabilities of SeerBit, businesses can optimize their payment processes, ensuring uninterrupted cash flow and significant long-term success.


Kindly share this post
Continue Reading

Trending