Exploitation of Nollywood stars must stop now —Clarion Chukwurah
Last week she sent a write-up to Potpourri titled “A Wake up Call to
Nollywood” to express her distaste at the way awards organisers are
exploiting entertainers to their own selfish end.
Her words: The time has come for the Professional Guilds of Nollywood to
take a unified and decisive action to stop the proliferation of award
events that exploit the industry and do not add value to the
practitioner/recipients” she wrote.
“From Nigeria to the United Kingdom, to the United States of America,
Nollywood wannabes and smart-ass business men have jumped on the
bandwagon train of exploiting inaction of the Guilds and the ignorant
crave for publicity of practitioners to exploit Nollywood for the quick
buck forming a different cabal of piracy.
Thirty years ago when I won the Best Actress Award at the All African
Films Festival in Burkina Faso, it came with a certificate and $500.
Nomination for the Golden Globe or the Oscar comes with a certain amount
of money, that transforms you to an A-list actor and jerk up your fees,
adding value to your career and your professional worth.
With Nollywood, the award organizers walk away with the money while the
nominees and awardees return home with worthless plaques that make no
difference to the executive producers.
It is instructive to note that without the practitioners, there is no
show, yet every arm of the event, from the venue, to the technicians, to
the event managers and broadcast networks et-al, are paid but the
established brands who are invited as nominees to walk the red carpet to
endorse their own brands that are still in the making and other
upcoming nominees, who are the show are simply used and paraded for
free.
This, despite the fact that sponsorship, organisers’ owned channel of
advertisement and sale of the show is based on the product. The
disregard for the value of the product/practitioner has deteriorated to
e-mail and text message nomination notifications and invitation, or
requirement to fly at personal expense to receive awards for which fans
pay to attend to see the stars with no remuneration to the nominee and
in some cases, the same award is sold for $10 in a New York store.
This blatant exploitation must stop.
This blatant exploitation must stop.
he
Guilds have to move into action to streamline these award events down
to those bodies who are serious about promoting the growth of the
Industry and adding meaningful value to the career of practitioners.
It has become necessary to withhold guilds’ endorsements for these award
events until stipulated requirements are met; such as obtaining a
license from the conference of Nollywood guilds for a fee, proof of
prize for award nominees and winners, and a verifiable document of
agreement signed by the Guild of Producers, and the association of
marketers endorsing the award.
Such a process will help structure the industry against easy
exploitation, promote focused growth and build industry collaboration
with bodies having serious intent to promote and add value to the
industry.
Pay tax for what? Bishop Oyedepo reacts to being named richest pastor in the world
Winners Chapel GO Bishop David Oyedepo who recently turned 60, has reacted to the Forbes List of World's Richest pastors where he was placed at No.1 with an estimated worth of about $150million.
Asked about Forbes' estimate of his fortune, Bishop Oyedepo told Reuters that he doesn't know how Forbes arrived at their figure but says he's blessed...
"For me, to have fortune means someone who has what he needs at any point in time. I don't see myself as having $150 million stacked up somewhere. Whatever way they found their figures, I am only able to say I am blessed by the Lord."Asked if churches should pay tax considering how much they make, Bishop Oyedepo said;
"There is no single government input on this premises. We supply our water, we make our roads, then you ... say: 'Let's tax them'. For what?"
Photos: Meet Mallam Nuhu Ribadu the herdsman
Former EFCC Chairman and Adamawa state governorship aspirant Mallam Nuhu Ribadu pictured tending to his cattle in his farm. See another pic after the cut...
stop loss
When committing, one should consider a strategy or way to secure their financial commitment. The goal is to restrict your reduction and or secure your profits through the use of a "stop loss" business purchase.
In other words you should consider a stop-loss way to improve overall inventory collection efficiency altered for your own danger patience and financial commitment goals.
What is a "stop loss" order? Simply it means a business purchase placed with a agent to offer a inventory when it gets to a certain cost range. Putting the stop-loss purchase with a agent might not be the best solution, instead consider monitoring the cost activity yourself with a program that will upgrade collection costs and allow you to create cost aware reviews.
The reason you may want to monitor costs yourself is in situation there is anxiety promoting and you need to consider each inventory according to its own benefits. On days where there is excessive industry motions and wide shifts in cost activity your specific position might lead to a stop-loss purchase with your agent only to recovery later the same day.
Your cost notifies should first be set according to your base in the protection establishing a offer aware at a predetermine amount below what you paid for the inventory. That amount should be according to your danger patience, durability of the company, amount of returns if any and your overall goals.
Another strategy is to also consider a "trailing quit loss" a strategy where you set a offer purchase according to a cost as either a propagate in points or a amount of present stock's value. As the cost goes in position the following stop-loss follows the industry to greater levels thereby improving your profits.
For example:
You purchase a inventory for $20.00 and position a stop-loss at 20 % of your cost base indicating you would offer the inventory if it comes to $16.00 or below. The protection is currently trading at $30.00 and you wish to secure in your profits. Set your following cost aware at 20 % of the present cost and if the inventory constantly go up you modify the following aware greater improving you profits with each in position activity in cost of the inventory.
In the situation of good resources, stop-loss strategy is a bit different for several reasons. Common resources are priced only once a day after each daily industry close and danger is generally less with regards to the finance and how varied it is. Broker companies will not position a stop-loss for good resources so you will need to monitor cost motions yourself.
For many traders promoting inventory can be an psychological decision according to many factors and often they will believe if they take a wait around and hold strategy the inventory or shares will recovery thereby neglecting the stop-loss strategy all together.
Even if a inventory does recovery it might takes months if not years, if you perform a stop-loss purchase you have the opportunity to reinvest the profits into a better and more successful protection.
In other words you should consider a stop-loss way to improve overall inventory collection efficiency altered for your own danger patience and financial commitment goals.
What is a "stop loss" order? Simply it means a business purchase placed with a agent to offer a inventory when it gets to a certain cost range. Putting the stop-loss purchase with a agent might not be the best solution, instead consider monitoring the cost activity yourself with a program that will upgrade collection costs and allow you to create cost aware reviews.
The reason you may want to monitor costs yourself is in situation there is anxiety promoting and you need to consider each inventory according to its own benefits. On days where there is excessive industry motions and wide shifts in cost activity your specific position might lead to a stop-loss purchase with your agent only to recovery later the same day.
Your cost notifies should first be set according to your base in the protection establishing a offer aware at a predetermine amount below what you paid for the inventory. That amount should be according to your danger patience, durability of the company, amount of returns if any and your overall goals.
Another strategy is to also consider a "trailing quit loss" a strategy where you set a offer purchase according to a cost as either a propagate in points or a amount of present stock's value. As the cost goes in position the following stop-loss follows the industry to greater levels thereby improving your profits.
For example:
You purchase a inventory for $20.00 and position a stop-loss at 20 % of your cost base indicating you would offer the inventory if it comes to $16.00 or below. The protection is currently trading at $30.00 and you wish to secure in your profits. Set your following cost aware at 20 % of the present cost and if the inventory constantly go up you modify the following aware greater improving you profits with each in position activity in cost of the inventory.
In the situation of good resources, stop-loss strategy is a bit different for several reasons. Common resources are priced only once a day after each daily industry close and danger is generally less with regards to the finance and how varied it is. Broker companies will not position a stop-loss for good resources so you will need to monitor cost motions yourself.
For many traders promoting inventory can be an psychological decision according to many factors and often they will believe if they take a wait around and hold strategy the inventory or shares will recovery thereby neglecting the stop-loss strategy all together.
Even if a inventory does recovery it might takes months if not years, if you perform a stop-loss purchase you have the opportunity to reinvest the profits into a better and more successful protection.
Subscribe to:
Posts (Atom)