Okuhle Media will also provide content to Trace TV channels and to TracePlay
Trace has acquired a majority stake in Okuhle Media, a leading player in the production of audiovisual content for South Africa, Africa and global markets.
Founded in 2003 by five producers, Okuhle Media is headquartered in Cape Town and employs 78 highly qualified staff.
Okuhle Media develops, produces and licenses programmes and formats for the leading commercial and public TV channels and for streaming platforms in South Africa, Africa, Europe and the rest of the world. The content created by Okuhle Media is watched by millions of viewers and Okuhle Media has won a number of industry awards since its creation.
For Olivier Laouchez, Chairman & CEO of Trace: “The acquisition of Okuhle 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.”
Trace will benefit from great synergies with Okuhle Media to build the courses of “Trace Academia”. This is a disruptive online edutainment platform to be launched in November 2020. Okuhle Media will also provide content to Trace TV channels and to TracePlay, the streaming platform of Trace Group.
For Barbara Bellini, CEO of Okuhle Media: “With Trace, Okuhle Media has found the perfect home to help us 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.”