By Chioma Okoye
The African film industry is undergoing a seismic shift as FlickFunds Africa announces a groundbreaking initiative, setting a new minimum earning standard of $75,000 per international production for African actors and actresses.
This move aims to rectify the historical underpayment of African talent and elevate them to parity with their global counterparts.
“The future of African cinema is no longer a distant dream—it is happening now,” stated Mrs. Omu Obilor, CEO of FlickFunds Africa, emphasizing the transformative nature of this development. For years, African actors have received significantly lower compensation compared to their international peers, often earning as little as $5,000 to $10,000 per feature film, while Hollywood actors average between $100,000 and $500,000. FlickFunds Africa’s new standard of $75,000 per film for actors in their international productions marks a significant leap forward.
Beyond empowering actors, FlickFunds Africa is also offering investors a compelling opportunity with a guaranteed 12% return on investment (ROI). This surpasses traditional investment avenues like stocks and real estate, which typically yield between 5% and 7% ROI.
“For investors looking for smart, high-yield opportunities, the entertainment industry is now proving to be one of the most profitable and secure industries globally,” Obilor explained. The company cites several factors contributing to the security and profitability of these investments, including a diversified portfolio across multiple high-grossing film projects, guaranteed returns, the burgeoning growth of African films on the global stage, and robust insurance and transparency measures.
FlickFunds Africa’s vision extends beyond individual projects, aiming to transform the entire creative ecosystem. The initiative focuses on bridging the gap between creativity and capital, providing sustainable investment solutions that empower actors, filmmakers, infrastructure, and emerging talents. By fostering a thriving creative industry, FlickFunds Africa aims to elevate African stories and establish the film sector as a major contributor to the continent’s economic growth.
“We are creating wealth, elevating African stories, and turning the film industry into one of Africa’s most profitable sectors. Actors win. Investors win. Africa wins,” Obilor concluded. This bold move signals a new era for African cinema, characterized by fair compensation, lucrative investment opportunities, and the global recognition of African talent.
Disclaimer
Comments expressed here do not reflect the opinions of Vanguard newspapers or any employee thereof.