Copyright © Media Law International 2023. All Rights Reserved.
Specialist Guide to the
Global Leaders in Media Law Practice
Olajide Oyewole, member of DLA Piper
Punuka Attorneys & Solicitors
Udo Udoma & Belo-Osagie
Banwo & Ighodalo
Olisa Agbakoba Legal (OAL)
Aluko & Oyebode
Jackson, Etti & Edu
Monarchs & Stroud
B.F.A. & Co Legal
REGIONS WE COVER
Middle East and North Africa
Central and Eastern Europe
Punuka’s Media and Entertainment lawyers are pioneers in the industry in Nigeria and represent clients in contentious and non-contentious matters across the creative and cultural industries. The practice is headed by Isioma Idigbe a distinguished Partner and leading expert in media and entertainment law. The firm’s clients include foreign and local corporate entities, SMEs, record labels, management and production companies, theatrical exhibitors and distributors, A-list film and music artists, high-net-worth individuals investing in media and entertainment as well as government andregulatory authorities in the Nigerian Media and Entertainment Industry.
Nigeria’s media and entertainment industry is on a path of high growth with an expected value of USD15 billion by 2025, according to PwC forecasts, an increase from the industry’s current value of USD7.7 billion.
The country’s entertainment consumption revenue is among the fastest in the world. PwC’s latest industry report, Perspectives from the Global Entertainment & Media Outlook 2022-2026, states that revenue growth will be driven by growth in video games, music and cinema.
Werner Ballhaus, Global Entertainment & Media Industry Leader, PwC explained: “We are seeing the emergence of a global E&M consumer base for the coming years that is younger, more digital, and more into streaming and gaming than the current consumer population. This is shaping the future of the industry.”
Digital growth is shaping digital communities with blogs, podcast and social media apps gaining prominence, according a Reuters Institute’s Digital News Report. Findings show an increase in the number of new digital media start-ups emerging.
In other developments, the Economic Community of West African States Court ruled that Nigeria’s seven-month Twitter ban was unlawful.
The ruling was issued in July and found that the ban was unlawful as it infringed freedom of expression and access to media. The government suspension began in June 2021 after Twitter deleted a tweet by President Muhammadu Buhari.