Broadcasting
WIPO says Nigeria Yet to Explore Over $73tr Intellectual Revenue
The World Intellectual Property Organisation yesterday disclosed that Nigeria was yet to tap into over $73 trillion in intellectual revenue globally.
Olwatobiloba Moody, the director, WIPO Nigeria, made this known to journalists at the Intellectual Property Programme in partnership with the National Youths Service Corps and managed by Hutzpa Consulting and Innovation Lab in Abuja.
Moody noted that Nigeria was losing financially because of its inability to capture intellectual property, hence the need to train youths especially corps members in IP in the FCT to help boost the country’s economy.
He said “Nigeria is losing because there is a huge creation of wealth in the space of intangible assets which the country is not fully tapping into. This is because we are not capturing this wealth through intellectual property such as the value of patents, copyrights, etc.
“The value of intellectual property is constantly on the rise. Globally in 2021, the estimated value of intangible assets was worth 73 trillion dollars and, I do not think we are capturing one per cent yet we are contributing majorly to the trillions and we are losing a lot of money.
“We are happy to be able to pilot this programme with corps members. As an organization, we are very keen to work with young people and we design different programmes to target various sectors in the society in building awareness and capacity in intellectual property.”
The National Coordinator of the pilot programme, IP Skills, Acquisition, Learning, And Youth Entrepreneurship, Obichi Obiajunwa, said about 50 corps members in the FCT will be trained within three to four months in IP to enable them to identify challenges and create innovations using technological solutions.
Obiajunwa stated, “The corps members are the participants in this programme. About 50 of them would be trained between three and four months. We are going to get them exposed to the environment where they have been posted to enable them to create innovations to tackle challenges using technological solutions.
“At the end of the programme, it is hoped that they will create start-ups, businesses, and innovation-driven enterprises.
“We will be engaging stakeholders and bringing in investors to make this work. The NYSC members would be exposed to investors following their creation of technologies. We will guide and mentor them through this process.
“For the pilot phase, we are rooting it to corps members in Abuja and by next year, we will scale it up to other states.”
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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