Iroko TV CEO
Jason Njoku and his actress wife
Mary Remmy are now the proud parents of a baby girl. The couple gave birth to their second child daughter. Jason Njoku is the CEO and Founder of
Iroko Partners, the largest distributors of Nigerian movies, with a library of over 5000 licensed movies.
Iroko Partners comprises five web brands –
iROKOtv,
iROKING,
iROKtv,
NollywoodLove and
YorubaLove.
Njoku is building a very modern digital distribution infrastructure
using Amazon Web services, Ooyala and several other video ad networks to
service the second largest movie industry (by volume) in the world –
the Nigerian movie industry, also known as Nollywood.
Panda Daily’s
Sarah Lucy reports that last year, Iroko did eight million
YouTube
streams a month, with a $1 million revenue run rate. The success of
NollywoodLove on YouTube led to a successful investment from US-based
hedge fund
Tiger Global, who led a two round funding
amounting to $8 million, making it one of the biggest single investments
in a West African internet venture. Another investment of about $2
million then followed again in July 2012 led by Swedish-based hedge fund
Kinnevik.
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