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ROK acquired by CANAL+: “I’m excited to be taking our platform on the next stage of its journey,” says Mary Njoku

BellaNaija.com

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Mary Njoku‘s ROK has been acquired by French audiovisual group CANAL+.

CANAL+ acquired the African film studio and international TV network, including its production, content distribution and publishing channels.

As part of the transaction, IROKO Ltd will also take full control of the JV IROKO+. The move comes as CANAL+ Group looks to strengthen its content production reach in Nigeria and across Africa.

As part of the acquisition, ROK founder, Mary Njoku, will continue in a leadership role as Directeur General of ROK Productions SAS, and maintains a material shareholding in the company.

ROK will produce thousands more hours of Nollywood content to deliver movies and original TV series for CANAL+ Group’s audiences in FSA. As part of the acquisition, CANAL+ Group will continue to collaborate with IROKO Ltd, with non-exclusive content distribution of ROK content via the IROKOtv SVOD app.

ROK was incubated from 2013 onwards, by IROKO Ltd, an African digital distributor for Nollywood content, whose flagship platform IROKOtv has transformed how Nollywood content is accessed and consumed around the world.

Speaking on the acquisition, Mary Njoku says:

ROK has captured the imagination of millions of movie fans, and they have truly supported us as we’ve grown the company to celebrate and enjoy our African culture. I’m excited to be taking our platform on the next stage of its journey with CANAL+ Group, who share our passion for creating original content, supporting new talent and together, we have ambitious plans for the future.

Jacques du PUY, CEO of CANAL+ International says:

Through this acquisition CANAL+ Group is very happy to develop and enhance the catalogue of Nollywood content and expand the ROK brand inside and outside the African continent.

4 Comments

  1. Jojo

    July 16, 2019 at 1:37 am

    Well,this looks good on surface but you sold a treasure that God gave you. Good in the short run but bad in the future. Equivalent to what Kate Spade did to herself.
    Good thing Nigeria has indigenization laws are in place and that is what has saved Nigeria including you also

    Well your business your choice. Well done

    3
    • T

      July 16, 2019 at 3:00 pm

      Sorry o, what’s the point of treasure that you cannot sell egbami?
      Please read well sir/ma. She basically got money to improve her business which is going to increase the reach of Nollywood across Africa and maybe even globally. What is the point of business if we cannot make money from it? They bought her as a talent. ROK = Mary. There is no ROK without Mary so she still has creative freedom and creative rights to everything.

      6
  2. Elle

    July 17, 2019 at 12:26 pm

    I’m with Jojo on this one. I hope it doesn’t head downhill from here. Sad.

    1
  3. by_stander

    July 17, 2019 at 7:06 pm

    @ T

    BN didn’t post my comment but you are making proper sense.

    1

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