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iROKO Partners

iROKO Partners is an online media distribution company focused on the Nigerian Entertainment Industry.[1] The company was established in September 2010 and is headquartered in Lagos, with a branch in London, United Kingdom. The company is led by its co-founders Jason Njoku (CEO) and Bastian Gotter along with major investor Nazar Yasin. iROKO Partners offers a range of online media products including its movie streaming website named iROKOtv focused on Nollywood Film productions, and 'iROKING', a Nigerian music streaming platform.[2] Other web brands are iROKtv, NollywoodLove and YorubaLove which operate on the YouTube video platform.[3]

iROKO Partners
Type of business Private
Founded Lagos, Lagos State, Nigeria
No. of locations Lagos, London, New York City
Founder(s) Jason Njoku
Industry Internet video and audio
Products iROKOtv, iROKING, NollywoodLove, YorubaLove & iROKtv
Employees 110
Website http://www.irokopartners.com

Contents

HistoryEdit

iROKO Partners was founded in 2010 in London, England by Jason Njoku and Bastian Gotter.[4] The Idea was born out of the high and rapidly growing demand for Nollywood films. iROKO partners initially set out to rid both the internet and the industry from the vast amount of piracy which was crippling the industry; once established, the organization birthed Nollywoodlove and Yorubalove, which obtained a dominant share of local YouTube views in 2011.[3] Just four months into his business, Njoku had bought the online rights to 500 movies from 100 different one-man production houses.[5]

The company is globally the largest licensor and the leading distributor of Nollywood movies (both English and Yoruba) online.[1] Tiger Global, a hedge fund run by an early investor in Facebook and Zynga, has invested $8 million into the company.[6] iROKO Partners is now the fastest-growing internet company in Nigeria and is currently YouTube’s biggest African partner with distribution deals with Dailymotion, iTunes, Amazon and Vimeo.[6]

iROKINGEdit

IROKING is a free Nigerian music streaming service offering streaming of selected music from a range of African labels and artists.[7] Its website platform was launched in December 2011 by iROKO Partners.[8] Music can be browsed by direct searches, artist, album and playlists.The system is currently accessible using Microsoft Windows and Mac OS X.[9]

Mobile applicationEdit

iROKING has also launched mobile applications for its music application on the iOS, Android, Windows and Symbian (Nokia) mobile handsets.[10][11] The application allows access to thousand of the latest Nigerian tracks and stream songs over Wifi or 3G.[7]

The iROKING mobile application's features include:

  • Favourite selected songs
  • Create playlists and share them via Twitter or Facebook
  • Integrated ‘offline’ functionality (users can listen to favourite tunes offline)[10]

ReferencesEdit

  1. ^ a b editor (2012-04-05). "Tiger Global in $8m Iroko deal". Private Equity Africa. Retrieved 2012-04-28. 
  2. ^ Mfonobong Nsehe (2012-04-18). "Tiger Global Backs Nigerian Internet E Entrepreneur In $8 Million Round". Forbes. Retrieved 2012-04-28. 
  3. ^ a b Mundy, Simon (2011-11-22). "Iroko Partners: Demand proves insatiable for Nollywood on the net". FT.com. Retrieved 2012-04-28. 
  4. ^ Mfonobong Nsehe (2012-04-18). "Nigerian Internet Entrepreneur Takes Nollywood To The World". Forbes. Retrieved 2012-04-28. 
  5. ^ Saturday, May 14th, 2011 (2011-05-14). "You Think Hollywood Is Rough? Welcome to the Chaos, Excitement and Danger of Nollywood". TechCrunch. Retrieved 2012-04-28. 
  6. ^ a b "Facebook investor Tiger Global takes stake in Nollywood film distributor". Telegraph. Retrieved 2012-04-28. 
  7. ^ a b Mfonobong Nsehe (2012-04-18). "Tiger Global Backs Nigerian Internet Entrepreneur In $8 Million Round". Forbes. Retrieved 2012-06-03. 
  8. ^ Brown, Ann (2012-04-27). "Jason Njoku Taking The West African Tech World By Storm | The Network Journal". Tnj.com. Retrieved 2012-06-03. 
  9. ^ Anibe Agamah. "iROKING, The New Home Of Nigerian Music Officially Launches". TechLoy. Retrieved 2012-06-03. 
  10. ^ a b Anibe Agamah. "iROKING Music App Comes To The Windows Phone (SCREENSHOTS)". TechLoy. Retrieved 2012-06-03. 
  11. ^ Anibe Agamah. "iROKING Android App Launches On The Google Play (BETA)". TechLoy. Retrieved 2012-06-03. 

External linksEdit