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Instablog9ja
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NFVCB has incinerated a collection of seized adult and pirated movies worth over N150m in Ikoyi, Lagos.
The National Film and Video Censors Board today in the Lagos office of the Board b¥rned p%rnographic and unclassified films and video works worth over N150million.
The Executive Director and Chief Executive Officer of the Board, Shaibu Husseini P.hd who performed the b¥rning exercise in the presence of media stated that the exercise would be replicated in all the Zonal Offices of the Board. He reaffirmed that the Board has zero tolerance for p%rnographic and unclassified films and videos, noting they make filmmakers not to get reward from their works. He said the Board under his watch would intensify the fight against unclassified Films and videos works including p%rnographic materials as they were alien to our culture.
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Instablog9ja
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He said contrary to speculations in some quarters, “We are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.”
The Vice President, represented by the Special Adviser to the President on General Duties (Office of The Vice President), Aliyu Moddibo Umar, spoke on Saturday at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee held at the Transcorp Hilton, Abuja.
According to a statement by his spokesman Stanley Nkwocha, the Vice President explained that the policy thrust of the Tinubu administration’s tax reforms, pointing out that the dynamics of the nation’s fiscal landscape prompted the Tinubu administration to pause and reconsider the direction it was going.
“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” he noted. While expressing confidence in the ability of the committee to deliver on the mandate, the Vice President emphasised the significance of the task ahead, noting that “we are gathered today because we are transitioning from the phase of proposal in the operations of this committee’s work to the phase of implementation.
I am confident that both the federal and state governments stand ready to ensure the effective implementation of your reform proposals, and we shall provide the institutional framework to guarantee the adoption of the consensuses of this committee, aligning them with our economic agenda,” he added.
Instablog9ja
2 hrs
15
A medical doctor has said his wife had caesarean section and was walking within 3 hours as he f+ghts tooth-and-nail with critics on X.
The doctor said to him Caesarean section is not a major operation although there are still doctors who caesarean operation is a major one for as women still d#e on the operation table, some due to poor post-surgery management by the quacks employed by the doctors. For him his wife began walking after 3 hours of birth from caesarean operation.
But this didn’t go down well with some women, they said he is wicked and how can he allow his wife began walking after 3 hours of surgery, how did she managed the effect of the anesthesia. Others said he was lying as it is not possible.
Instablog9ja
3 hrs
12
President Bola Ahmed Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy amid rejection by Nigerians.
A presidential source who spoke to Instablog9ja on Sunday, May 12, said, “It’s true. President Tinubu gave the directive last week for the Cybersecurity levy to be suspended. The President is sensitive to what Nigerians feel. And he will not want to proceed with implementing a policy that adds to the burden of the people.”
This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging 0.5 per cent cybersecurity levy on all electronic transactions in the country.
It would be recalled that CBN, on May 6, 2024, issued a circular mandating all banks, mobile money operators, and payment service providers to implement a new cybersecurity levy. The levy did not go down well with Nigerians, the Nigerian Labour Congress, and the Centre for the Promotion of Private Enterprises.
NCL rejected the levy noting it would worsen the economic hardship on Nigerians. Similarly, CPPE, in a statement by its director, Dr Muda Yusuf, called for its suspension as it is insensitive when Nigerians face severe economic hardship.
Instablog9ja
4 hrs
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BBN’s Sheggz has given Ebuka Obi-Uchendu a run for his money as he shows up at the 2024 AMVCA
The Big Brother’s Nigerian star was said to be dressed as going for a rave. In his response, he said he is the rave.
What A Disney+-Hulu-Max Bundle Would Mean For Netflix
Disney (DIS) And Warner Bros. Disco...
Investopedia
4 hrs
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Disney (DIS) and Warner Bros. Discovery (WBD) teamed up this week to launch a new streaming bundle, the latest move by the legacy media giants to compete in the Netflix (NFLX)-dominated streaming space.
The joint package, which will include Disney's Disney+ and Hulu, as well as Warner Bros. Discovery's Max, is set to be available in the U.S. in the summer. The companies didn't provide an exact timeline or pricing information for the bundle.
JB Perrette, CEO and President of Global Streaming and Games at Warner Bros. Discovery, called the new offering "the best value in streaming" for consumers, adding it "will help drive incremental subscribers and much stronger retention."
Disney recently launched Hulu on Disney+ for Disney Bundle subscribers, which analysts expect to positively contribute to the company's streaming segment.
The new Disney+, Hulu, and Max package is launching at a time when consumers are looking to maximize value, and as media firms grapple for ways to improve their competitive positions in an increasingly crowded field of streamers.
Consumers get something close to the traditional cable TV package from a bundle as opposed to having to subscribe to multiple streaming platforms.
"It's no surprise, really, that you're seeing a return of a bigger bundle to help ease consumers' concerns and challenges around fragmentation" of streaming services, Paolo Pescatore, a media analyst at PP Foresight, told Investopedia.
Media companies, meanwhile, have struggled to boost their streaming revenue, facing few options beyond raising prices, which consumers have pushed back against.
Still, media firms that have long been rivals in their traditional businesses may not find teaming up trouble-free. Pescatore noted that investors should not "underestimate how challenging" it is for "these media giants [to collaborate] on a common goal."
These bundles are coming into a market where Netflix, the pioneer in streaming, dominates the industry by a long stretch.
"There are too many players chasing too few dollars," Pescatore said, adding that the bundle "almost feels like a last-ditch effort to revive [the companies'] fortunes in the streaming-led TV world."
Netflix already has more subscribers than Disney+, Hulu, and Max combined, data from the companies' recent quarterly reports show.
Netflix said it had 269.6 million global streaming paid memberships in its most recent earnings report. In contrast, Disney recently reported 117.6 million Disney+ Core subscribers, excluding Hotstar and ESPN members, and 45.8 million Hulu subscribers, without including live TV members. Warner Bros. Discovery said it had 99.6 million subscribers globally.
Unlike Netflix, Disney and Warner Bros. Discovery have struggled to make their streaming businesses profitable.
Disney returned a surprise profit in its entertainment direct-to-consumer business, which includes Disney+ and Hulu, but recorded an $18 million loss overall in streaming. Warner Bros. Discovery also recorded a direct-to-consumer segment loss.
"It's also important to note, Netflix is in many respects the gold standard when it comes to streaming," Disney Chief Executive Officer (CEO) Bob Iger said on the company's earnings call, explaining that what the company is building with Disney+ "is the technology that Netflix has had in place and has been building for well over a decade."
The Disney CEO isn't the only one to acknowledge Netflix's edge, with analysts saying that even bundles may not be enough to win over subscribers from the streaming pioneer.
"I think you won’t necessarily see people churn from Netflix," Pescatore said, noting that there will already be some overlap between Netflix, Disney+, Hulu, and Max subscriber bases.
CFRA analyst Kenneth Leon wrote in a note recently that the bundle is likely to "drive revenue sharing, reduce customer churn," but ultimately cut out "middlemen" like Roku (ROKU) or Apple TV (AAPL), rather than impact Netflix.
Third Bridge analysts said "experts warn that the short-term drive to make [the streaming] segment profitable is coming at the expense of long-term growth" for Warner Bros. Discovery.
While the bundle "potentially paves the way for some mammoth joint venture in an effort to curb costs," Pescatore struggles to see the package paying off into a "huge spike in subscribers" for Disney and Warner Bros. Discovery or really even "move the needle" in the race against Netflix.
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