Subscribe Us

Header Ads

Jason Chukwuma Njoku Biography (CEO iROKOtv)

Jason Chukwuma Njoku (born 11 December 1980) is a British-Nigerian businessman. He is the co-founder and CEO of iROKOtv, a video-on-demand service for Nigerian movies.

Jason Njoku
Jason Njoku 01.jpg
Njoku in 2020
Born
Jason Chukwuma Njoku
11 December 1980 (age 41)
London, United Kingdom
Nationality
British Nigerian
Occupation
Entrepreneur
Known for
Founder of iROKOtv
Website
jason.com.ng
A self-proclaimed serial entrepreneur, iROKOtv is Njoku's 11th attempt at starting a business. He came up with the idea of launching a new distribution platform for Nollywood whilst living at home with his mum, aged 30, after a number of failed enterprises.

Early life and education

Jason was born and raised in Deptford, South East London, and His mother raised him and his three sisters and brother by herself, whilst working a full-time job in the National Health Service. He attended school in London, then moved to a village in Nigeria from the age of 12 – 15. After he returned from Nigeria, he attended college to complete his A-Levels, before securing a place at The University of Manchester where he read Chemistry. He graduated in 2005 with a 2:1 and launched Brash Magazine, a student publication which ran for three years before it closed in 2008.

Career

iROKO

After a number of failed enterprises between 2005 and 2010, which included a blog network, a T-shirt business and a web design company, Njoku moved back home into his mother's house in Deptford. It was there that he came up with the idea of starting a Nollywood online distribution business, "The West had Hulu and Netflix – Africa had nothing", notes Njoku. Having studied the industry from afar, he flew to Lagos, thanks to the financial help of his best friend Bastian Gotter, a fellow University of Manchester graduate, and started purchasing the online licences of Nollywood movies. He worked from a two-bedroom apartment in Festac, Lagos, and struck a deal with YouTube in Germany to be the official channel partner for Nollywood company.

In 2010, Njoku and his former partner Bastian Gotter launched NollywoodLove, a YouTube channel, which was profitable within two months of launch. That same year, thanks to an article by Sarah Lacy who worked at the time for Tech Crunch, NollywoodLove caught the attention of US-based venture capital fund Tiger Global who were interested in expanding their reach in emerging markets.

Series A investment of $3 million was secured from Tiger Global in 2010 and the company launched a stand-alone video-on-demand movie platform, iROKOtv, on 1 December 2011. The site drew in viewers from 178 countries around the world. Njoku and Gotter have since gone on to raise an additional $22  million from international VCs, with inclusion from Investment AB Kinnevik and RISE Capital and have used the investment to build an extensive film catalog of 5,000 movies, launch offices in Lagos, New York, and London and invest in improving the company's technology resource. Iroko has gone to make other funding investment totalling $40 million.

In 2015, Njoku decided to focus the company's attention on an Android mobile app, rather than a streaming platform to combat broadband infrastructure problems that Africa poses.

In July 2012, he was cited by Forbes Africa as one of the 'Ten Young African Millionaires to Watch'. On 29 August 2013, Njoku was named as the CNBC All Africa Business Awards Young Leader of the Year for West Africa. He has also been named as one of Fast Company's Top 1000 Most Creative People in Business.

Spark

In August 2013, alongside his business partners Bastian Gotter and Mary Remmy Njoku, Njoku launched a $2 million investment vehicle for Lagos-based Internet start-ups called Spark. The company initially invested in 11 companies, including a drinks distribution company called Drinks.ng, a real-estate and property online letting agency called ToLet.com.ng, and a hotel room booking site, called Hotels.ng, which has gone on to raise $1.2 million in VC investment from EchoVC Pan-Africa Fund and Omidyar Network. In 2015, Jason Njoku in a blog post officially announced they're letting go of four startups considered failed businesses: Bus.com.ng (an online bus ticketing service ), Insured.ng (an insurance comparison platform), Giddimint.com.ng (an online fashion store) and Christians.ng, an online dating platform for Christians.

Personal life

Jason Njoku married Nollywood film star and producer Mary Remmy Njoku in Festac, Lagos, on 18 August 2012. They welcomed their first son, Jason Obinna Njoku, on 30 July 2013, a second child, Nwakaego Annabel Njoku, was born on 24 August 2015 and a third child, Nnenna Amber Njoku born on 4 August 2017.





Jason Njoku is Founder and CEO of Iroko, the home of Nollywood content. He has pioneered the African digital content market by bringing Nollywood (Nigerian cinema) to a global audience, and in the process has raised over $40m in investment from international VCs, including Tiger Global, Kinnevik, RISE Capital and Canal+.

Launched in 2010, IROKO

has aggregated the world's largest online Nollywood content catalogue and is one of Africa’s largest internet TV providers, with a dedicated mobile app, IROKOtv, as well as ROK TV channels on Sky in the UK and DStv across Africa.

In 2013, Njoku was crowned as the CNBC Africa West Africa Young Business Leader and in 2014, he was recognized as one of Fast Company's Top 1000 most Creative People in Business.








If you’ve ever heard of iROKOtv and you are probably wondering who the owner is. Be my guest as I take to the world of the man behind the biggest video on demand movie platform in Nigerian movie industry (Nollywood). The man who recently declared that money is a burden to him!

Nationality: United Kingdom, Nigeria
Date of Birth: December 11,1980
Occupation: Tech Entrepreneur
Net Worth: $40 Million
Biography
Jason Njoku was raised by a single parent (Mother) in Deptford, South-East of London, alongside his other siblings. His mother was a tireless hard worker who worked a full time job at National Health Service

Education
Jason Njoku started his education in UK before he moved to Nigeria at the age of 12 and stayed up until he was 15 years old before moving back to UK. He went back to UK where he completed his A levels, he then proceeded to the university of Manchester where he studied Chemistry and graduated in 2004 with a 2:1.

Jason Njoku’s Family
In 2012 Jasos Njoku married talented Nollywood actress and producer in FESTAC, Lagos among friends, colleague and celebrities. The marriage has so far been blessed with three kids – Obi, Nwakaego, and Nnenna.

His Business Interests
Jason Njoku is the CEO/Co-Founder of iROKOtv a company that is sometimes referred to as the “Netflix of Africa”. Having tried out different business with no real success, he moved back to his mother’s house in Deptford. In that place Jason discovered an idea about  starting up a Nollywood online distribution business, he then flew to Nigeria where he understudy the Nollywood industry. Ideas would have remained ideas, if not for his best friend Bastian Gotter who financially invested into iROKOtv.



Jason Njoku and Bastian Gotter
Jason Njoku (left) and his business partner, Bastian Gotter (right) posed for the camera

They started purchasing online licenses of Nollywood movies and at that time he was working from his two bedroom apartment in FESTAC, Lagos. They struck a deal with YouTube in Germany to be the official Chanel partner for Nollywood company.

Thanks to a writer at Tech Crunch they were able to secure an initial investments fund of $3 million from Tiger Global company in 2010 and went ahead to secure additional $22 million from international venture capitals including Investment AB Kinnevik and RISE Capital. iROKOtv has grown to the capacity of a catalogue of 5000 movies with offices in Lagos, New York and London.

He recently launched a sports gaming company in the UK. Although he hasn’t come out openly to fully claim the ownership, we are fully convinced BlackBet.co.uk belongs to the Njoku business empire!

Spark Investment
In 2013 Jason Njoku and his best friend turned partner Bastian Gotter launched a $2million dollar investments into vehicle a Lagos-based Internet start-ups called Spark.


The company initially invested in 11 companies, including a drinks distribution company called Drinks.ng. A real-estate and property online letting agency called ToLet.com.ng. And a hotel room booking site, called Hotels.ng, which has gone on to raise $1.2 million in VC investment from EchoVC Pan-Africa Fund and Omidyar Network.

Accolades And Recognition
In July 2012, he was cited by Forbes Africa as one of the ‘Ten Young African Millionaires to Watch
In 2013 Jason Njoku was named CNBC All Africa Business Awards Young Leader of the Year for West Africa.
He was listed as  Top 1000 Most Creative People in Business
In 2017 Jason Njoku friend and partner Bastian Gotter left his position as COO/CFO after four successful years with iROKO.

Based on his ownership stakes in iRokotv, ROK, Spark, BlackBet, etc, we estimate that Jason Njoku Net worth is 40 Million USD.


Pictures:


Post a Comment

0 Comments