[2][3][4][5][6] Ibakatv is part of ibaka Entertainment which was founded in 2011 in Lagos, by Blessed Idornigie,[7] with the support of his partners/investors Mr. Kazim Adeoti and Dr. Gbolahan Olaniyi, Ayodele Awoleye and other family and friends.

At 27, he had worked in five different companies before discovering that the Nollywood industry needs more competitive and innovative ideas in online movies streaming and distribution, content immortalisation and security.

[12][13] This success on YouTube was one of the motivating factors that inspired the company to create its own official online movie-streaming platform called IBAKATV.COM.

[14] Today, aside the fact that ibakatv is YouTube's biggest premium partner in Sahara Africa,[15][16] it has built a global audience of over 500 million video views, 5 billion estimated watch time and over 1 million unique subscribers from over 220 different countries which includes, United States, United Kingdom, Nigeria, Canada, South Africa, Kenya, Ghana, Uganda, Spain, Australia and many others.

In its bid to make Nollywood entertainment easily accessible to all classes of audience, Ibakatv apps was introduced.