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Entertainment

According to the National Bureau of Statistics, Arts, Entertainment and Recreation contributed 0.22% to real GDP in the Second Quarter of 2015 which equates to N54billion, a slight decrease from N56billion in Q1 2015. In 2014, the section contributed a total of N176billion to the Nigerian economy. At Greychapel Legal, we are of the view that entertainment law in Nigeria is a largely underdeveloped area of practice. Thus, we have assembled a specialist team that understands the often divergent interest of core players in the entertainment industry such as the artists, producers, record labels, managers, publishers, songwriters, etc. Our services in this regard include drafting, negotiating and providing bespoke advice on recording, publishing, management, distribution, licensing contracts, amongst others. We also provide legal advisory services with respect to the protection of intellectual property rights of the core players.
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Transactions

  • Advised a client (the investee company) on the equity investment of the sum of $200,000 received from a consortium of investors for financing the launch of national giveaway lottery scheme.
  • Advised a client on the acquisition of a television series – the Good Girl.
  • Advised on an incorporated joint venture in respect of the co-production of a reality television show between Black Studios; a renowned reality television production enterprise in Nigeria and UMG Universal Music International Company Limited; (the Nigerian Subsidiary of Universal Music group) an international music business company specializing in the production, management and distribution of artistes, musical works and sound recordings around the globe. We advised Black Studios on the setting up of the SPV, the negotiation, drafting and reviewing of the transaction documents including the Co-Production Agreement, the Financing Agreement, the Intellectual Property Assignment Agreement, and the Shareholders Agreement as well as on other legal issues arising from the transaction.
  • Advised a consortium of financiers on a $200,000 funding availed a production company towards the production cost of an entertainment show.
  • Drafted, reviewed and negotiated several endorsement agreements and brand influencer agreements.

Related Practice Areas

Real Estate

Entertainment

Dispute Practice Group

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