AfroLandTV

AfroLandTV

Online streaming TV platform for Pan African TV shows and movies.

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DateInvestorsAmountRound
-investor investor investor

€0.0

round
investor

€0.0

Valuation: €0.0

round

N/A

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth--13 %149 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about AfroLandTV
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AfroLandTV operates as a streaming platform focused on Pan-African film and television content, positioning itself as a distribution hub for stories from the global Black diaspora. The company was founded in 2015 by Michael Maponga, a Zimbabwean actor and entrepreneur who emigrated to the United States. His personal experience of losing touch with his culture after moving to Dallas fueled his vision to create a platform that connects immigrants with their heritage and introduces diverse African stories to a wider audience.

The service, which officially launched in October 2020, functions as an Over-the-Top (OTT) media provider, offering a curated library of movies and TV shows. The content spans various genres and originates from African, African American, Black European, Caribbean, and Afro-Latino creators. A key aspect of its content strategy is to avoid stereotypical narratives of war and poverty, instead focusing on a broader range of universal stories told from a Black perspective. The platform provides filmmakers who have historically lacked global distribution channels an opportunity to showcase and monetize their work.

AfroLandTV's business model has evolved. Initially launched with a subscription video-on-demand (SVOD) model priced at $3.99 per month, it has since shifted to offer content for free, supported by advertising. This strategy aims to build a loyal following by making content easily accessible. The platform is available across numerous devices, including iOS and Android apps, smart TVs, and streaming devices like Amazon Fire TV and Roku. The company generates revenue through advertising and by licensing content from filmmakers. The primary target audience includes the Pan-African diaspora, particularly in the United States, Canada, and Europe, with future ambitions to expand its presence within Africa as broadband accessibility improves.

The Dallas-based startup has navigated the competitive streaming landscape by focusing on a specific market segment neglected by larger platforms. It secured early-stage funding through accelerator programs, including Techstars and the Comcast NBCUniversal LIFT Labs Accelerator, which provided crucial capital and industry connections. These partnerships have been instrumental, with a collaboration with Comcast expected to make the service available to millions of households. Founder Michael Maponga's journey from actor to tech entrepreneur involved self-education in streaming technology, leveraging resources like AWS to build the platform's infrastructure cost-effectively. He, along with his wife Brittin Maponga who serves as Chief of Branding, aims to correct cultural misconceptions and bridge gaps within the global Black community through storytelling. Keywords: Pan-African content, streaming service, Nollywood, Black filmmakers, African diaspora, video-on-demand, OTT platform, Michael Maponga, cultural storytelling, global Black community, independent film distribution, entertainment software, Afro-Latino content, Caribbean films, Black European cinema, African movies, Dallas startup, SVOD, AVOD, content monetization

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