MOVIE INVESTMENT
Tiso Blackstar to play lead role in SA film sector
Tiso Blackstar Group, the owner of Business Day, will sell certain locally produced films to global and local streaming platforms, CEO Andrew Bonamour said on Thursday. Tiso Blackstar, whose films unit recently produced The Wound (Inxeba), Singleholic and Kings of Mulberry Street, planned to invest in "at least five new local and international co-production films in 2019 to further diversify revenue streams". "We’re also providing some funding to African-American producers who are filming locally for global release," Bonamour said.
The group, which also represents Metro-Goldwyn-Mayer (MGM), Warner Bros and 20th Century Fox, would have global equity in these films and would distribute them in SA, Nigeria and Kenya. Streaming giants Netflix and Amazon Prime Video have said they plan to offer more local content in SA and other African markets. Netflix said earlier in September it had bought the global rights to its first Nigerian film, Lionheart, which recently premiered at the T...
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