In a dramatic twist, the original founder of iROKING, Jason Njoku is returning to take the reigns of the online music distribution company.
Michael Ugwu was dismissed from the company unexpectedly some weeks ago.
The statement released by Jessica Hope or iROKING, is shown below.
Njoku was the original founder and CEO of iROKING alongside his role at iROKOtv, the world’s largest online catalogue of Nollywood movies. Njoku will now return to take overall control of iROKING artist management, all aspects of music distribution, including YouTube, iTunes and Amazon distribution, and oversee platform partnerships with the likes of Mxit and Eskimi.
Speaking on returning to a company he founded, Jason Njoku says: “What we’ve built with iROKING in its 23 month history is pretty incredible. There’s a lot of chat amongst the technorati about the potential of the African online music space – now is the time to put words into action, hence why I’m taking a more hands-on approach to growing iROKING from a solid online Nigerian music distributor into a behemoth of a pan-African music platform”.
As of 2014, there will also be a renewed focus on the monetization of Nigerian digital content, as well as greater emphasis on strategic partnerships with leading companies in the industry.
Jason corroborated this in a blog post, Is iROKING dead? According to him, “iROKING is not dead. It is still very much alive. Revenues are my metric of business success and iROKING has recurring scalable revenue. iROKOtv had its 2nd birthday yesterday. Today I am taking the reigns of iROKING. As the CEO. My baby has found its home with its founding father. Me.”
“But now, all things considered, iROKING needs its principal promoter, its founder, its creator to step in and reiterate why it is still arguably the most valuable digital distribution platform on the continent” he continues.
