m:lab By Sheilah Birgen / July 27, 2013
Is freemium revenue model taking over premium in entertainment?
Entertainment industry has growing immensely locally and catching up with the international markets. The same has been happening in the technology (especially in entertainment) space. More local developers have with huge interest noticed the trends in the app stores and are taking advantage of it. Entertainment apps make approximately 75% of apps in the stores, with the most downloaded apps being games and music apps.
Locally, this has been the story too, with apps like Ma3Racer having over 1 Million Downloads. Most of these apps are for free, at least for sometime. This kind of revenue model is called freemium model. It is a business model by which a virtual product is provided free of charge, but a premium is charged for advanced features, functionality, or virtual goods. This model is currently taking the virtual market space by storm. It begs the question; is freemium taking over premium model in entertainment?
M:lab East Africa will hold the first Wireless Wednesday on Entertainment on 31st July 2013. The event themed “Is freemium revenue model taking over premium in entertainment” will attract mobile application developers, Ad Networks, Digital Agencies, gamers, animators and cartoonists, creatives, entrepreneurs and other stakeholders in the entertainment industry.
Date: 31st July 2013
Venue: m:lab East Africa Balcony
Time: 12.00Noon – 2.00 pm
Some of the key discussant who will spearhead the discussion will be:
Moses Kemibaro – Founder & Strategic Advisor at Dotsavvy
David Muriithi – Managing Director Creative Enterprise Center
Roger Gichuhi – Digital Business Developer Buni Tv
Waliaula Makokha – Jooist Media
- John Karanja – Founder Whive
- Jisas Lemasagarai – Former Associate Manager – Business Development, Africa at InMobi
To participate in the event register HERE.There will be a live twitter stream during the event, you can join the discussion using the hashtag #WirelessWednesday.
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