Intelligent CIO Africa Issue 25 | Page 40

CIO opinion CIO OPINION and entertainment, all in one app. Over 100 million minutes were streamed, making it the single largest live mobile streaming event ever to take place in Africa over 30 days. Necessity is the mother of innovation: The show must go on Despite a hunger for next generation entertainment value, Africa has experienced a number of access barriers, partly because the continent is largely unbanked with little access to credit cards for secure online payments and also due to accessibility to world-class services. In order to feed this demand, businesses are looking towards innovation in the form of trusted platforms, compelling content and secure payments. Previously, there were only two models of streaming video-on-demand services available to the African market. The big international players with a focus on western entertainment, and the smaller platforms that host an array of local content. Kwesé iflix found a niche in a third 40 INTELLIGENTCIO offering. By expanding on the traditional video-on-demand model it introduced new, engaging, localised programming and features, providing a one-stop-shop for all generations’ preferences. From a platform perspective, it was also vital to create a marketplace where customers and content creators can take advantage of the network effects present in most platform business models such as Facebook or YouTube. With over 70% of African markets unbanked, connecting in different ways to traditional content platforms will be the key as Africa’s broadcast ecosystem continues to evolve. Curating to the heart’s content: Where curated consideration is building Africa’s content economy The challenge with today’s digital era is the tug of war between well curated, convenient pay services and free services that offer less value. We have to believe that when given a reasonable choice to acknowledge the value of shows that they are fans of, most people will choose to do so legally. The challenge to the industry is to provide that reasonable choice. For example, previously we bemoaned the low quality of Nollywood content, but this is becoming less important as the compelling nature of content and storytelling shines through a selection of innovative service models, with clear improvements in production standards. Having recognised the importance of carrying local content, Econet Media will also establish its own content creation hub offering across its Kwesé Free Sports, Kwesé iflix and Kwesé Play platforms. With a presence in 11 markets, we realise the importance of original local content as Africa’s broadcast industry evolves into the future. Additionally, as we transition towards digital services, we will grant loyal Kwesé TV subscribers complimentary access to Kwesé iflix for 12 months. Taking these trends into consideration, we hope to make a significant shift in the continent’s complex and competitive media industry. n www.intelligentcio.com