HBS · 2024 · Independent research

Financing Film & TV In Africa

How African films and television get funded, what investors need and why reaching paying audiences matters.

Independent project by Queensly Austin in Entrepreneurial Management at Harvard Business School, supervised by Professor Hakeem I. Belo-Osagie.

The question

How can African filmmakers raise the money to make their work and build businesses that last? I examined the funding models used across the continent and the conditions that make investment possible.

What I examined

The paper traced historical financing across five African regions, then examined streaming deals, development-bank lending, venture capital, private equity and co-financing partnerships. Research and conversations with filmmakers, producers and funders helped me compare how these arrangements work in practice.

The argument

A film needs a route to an audience and a way to earn its investment back. The paper argued for patient capital alongside stronger distribution, clearer rules and financial planning. It also examined how repayment terms and bargaining power affect filmmakers’ ownership and their ability to fund the next project.

← All Writing & Research