Business News
Nigerians paid N1.2bn to see movies in 2 months
The Nigerian cinema is booming as it was reported that Nigerians spent over N1, 294, 602, 827 in cinemas between July and August 2019.
The Nigerian cinema is booming as it was reported that Nigerians spent over N1, 294, 602, 827 in cinemas between July and August 2019.
Since movie culture is growing among Nigerian youths and different social classes, it is not a surprise that the industry is raking in sales.
According to reports by News Agency of Nigeria (NAN), the figures were obtained from the data provided by cinemas and gathered by the Cinema Exhibitors Association of Nigeria (CEAN).
The breakdown: This year saw the screening of a number of popular movies. However, only two Nollywood movies made the cut for the top 20 movies at first glance. The movies are ‘Bling Lagosians’ which led the first week of July by earning N37, 409, 372 and ‘Mokalik’ which started the month at number nine alongside the ‘Avengers: Endgame’.
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The top movie, ‘Bling Lagosians’ was replaced by ‘Spiderman: Far from home’ as the former had a 34% decrease in revenue while ‘Spiderman’ earned N64, 072, 680.
By the third week, Spiderman was steady topping the charts even though the earnings decreased by 36%. ‘Lion King’ then came on board and debuted for a few days raking in N4, 040, 854 sales.
‘Lion King’ went on to settle in the fourth week as it climbed to the top position with N108, 447, 093 while ‘Bling Lagosians’ stayed at number three and ‘Mokalik’ at number 13.
Other Nigerian films in top 20 included ‘Rant Queens’ at number eight, ‘The Gift’ at number eleven, ‘Wakill’ at 15 and ‘Coming From Insanity’ at 17. All the top 20 films earned 136, 936, 341 million naira in total.
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After the Lion King dropped, ‘Fast and Furious: Hobbs and Shaw’ came through on the international level and ‘The Set Up’ entered on the Nollywood raking in a total of N104, 443, 577 and N187, 500 naira respectively.
Other films that debuted in the closing weeks of August include ‘Once Upon a Time’ and ‘Angel Has Fallen’ both raking up N64, 227, 240.
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