Trace Group acquires majority stake in Okuhle Media
Okuhle Media will enhance Trace's audiovisual production expertise.
Entertainment company Trace Group has acquired a majority stake in audiovisual content producer Okuhle Media.
According to a statement, during the Covid-19 lockdown, Okuhle Media demonstrated its resilience and flexibility to increase its production output at the request of its major partners and broadcasters.
For Trace, Okuhle Media constitutes a high-potential asset that will enhance its audiovisual production expertise and that will complement its existing Trace Studios assets. “Trace will benefit from great synergies with Okuhle Media to build the courses of Trace Academia, a disruptive online edutainment platform to be launched in November 2020,” the statement read.
Okuhle Media will also provide content to Trace TV channels and to TracePlay, the streaming platform of Trace Group.
Trace chairman and CEO Olivier Laouchez said:
“The acquisition of Okhule Media brings new opportunities for Trace. We look forward to developing them with the Okuhle Media team, made of great professionals, passionate about building a world-class creative and production house with distinct African roots and narrative. Okuhle Media fits perfectly into our strategy to make Trace a global leader for entertainment and empowerment of our people.”
Okuhle Media CEO Barbara Bellini said that, with Trace, Okuhle Media has found the perfect home to help capture more growth opportunities in the domestic and international markets. “This alliance will also reinforce our ability to develop great content and tell important stories, giving Africa a louder voice that will resonate with audiences in Africa and beyond."