Powered by growing demand for local content and a rapidly expanding theatrical sector, Nigeria is expected to hit box-office highs in 2018, with the industry on track to shatter the record it set last year.
As Africa’s largest economy continues to rebound from recession, bizzers are bullish that steady gains in recent years will continue to push the industry toward new heights. “It’s looking really positive for the prospects for the industry,” said Moses Babatope, group executive director and COO of FilmOne Distribution.
Total B.O. is on track to top 5 billion naira ($13.8 million) for the first time in 2018—a 25% increase from last year’s record-setting haul. While the actual take is still a drop in the ocean by global standards, investors continue to pour money into new theaters, fueling hopes that Nigeria is only beginning to scratch the surface of its exhibition potential.
“The thing that we’ve...
As Africa’s largest economy continues to rebound from recession, bizzers are bullish that steady gains in recent years will continue to push the industry toward new heights. “It’s looking really positive for the prospects for the industry,” said Moses Babatope, group executive director and COO of FilmOne Distribution.
Total B.O. is on track to top 5 billion naira ($13.8 million) for the first time in 2018—a 25% increase from last year’s record-setting haul. While the actual take is still a drop in the ocean by global standards, investors continue to pour money into new theaters, fueling hopes that Nigeria is only beginning to scratch the surface of its exhibition potential.
“The thing that we’ve...
- 11/9/2018
- by Christopher Vourlias
- Variety Film + TV
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