Nigeria News: DEO Media has launched Prodculator, a digital platform designed to streamline film financing and tax incentives. Created by Nigerian entrepreneur Fabian Adeoye Lojede, who is based in South Africa and the UK, this platform is poised to transform the film industry by connecting filmmakers with investors globally and simplifying the complex process of international tax rebates.
Prodculator tackles the widespread challenge of securing film financing, especially significant in the growing Nollywood industry. Lagos news highlights how filmmakers often struggle with funding deficits, as streaming platforms have decreased financial backing. By offering grants, tax rebates, and private funding avenues, Prodculator allows users to efficiently calculate tax incentives in countries like South Africa, the UK, and soon the US. Source.
Key takeaways:
- Development of a platform linking filmmakers to investors, tackling funding challenges.
- Offers tax rebate calculation tools for enhancing financial transparency.
- Expanding regions for tax calculations, soon supporting the US market.
Will Prodculator reshape the future of film financing in Nollywood? Share your thoughts below!
