WHY INVESTORS RELUCTANT TO COMMIT FUNDS TO FILMMAKERS, BY FEMI ADEBAYO. (PHOTO).

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 Why investors reluctant to commit funds to filmmakers, by Femi Adebayo


Seasoned actor Femi Adebayo has expressed his concern about the rising incidents of film piracy in the country.

Adebayo, via his Instagram page, shared his experience in dealing with piracy perpetrators and how he was able to win the legal case against them.

He lamented that the profits of the film industry have not been fully realised due to the illegal activities of movie pirates.

Adebayo said: “The Nigerian film industry has experienced exponential growth over the years, but we haven’t been able to maximize the true dividends of this business because of daredevil pirates who benefit where they didn’t show.

“This is a major reason why investors find it hard to commit their funds to filmmakers. However, through persistence and the use of the legal framework covering intellectual property, we can bring their activities to a gradual halt.

“Several times, I have been a victim of movie pirates and I never spared them. I recently concluded a legal battle with a notable media company that owns a big radio station and also engages in YouTube content distribution.

“During the cinema run of “Survival of Jelili” in 2019, my movie was gathering good numbers at that time. They decided to use my movie poster and title to promote a movie on their platform, thereby deceiving fans and diverting revenue accrued to me.

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“It took 3 years, but my trust in the legal and justice system remained unwavering. With the dedication of our legal team, Bola Adebowale & Co. Legal Practitioners, who are seasoned professionals with a wealth of experience in handling such cases.

“They presented undeniable evidence, put up a strong argument, and took the case to trial. Their promptness, efficiency, and attention to detail played a huge part in the direction of the case. We won and were awarded a total of twenty-five million Naira.

“This isn’t just my win as a filmmaker and content producer, but a win for all of Nollywood.”

According to him, filmmakers must be ready to fight intellectual property theft and piracy at all levels.

“Every win brings us closer to protecting and getting the true economic value of our works,” he said.

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