NIGERIA’S BOX OFFICE GENERATE N6.94 BILLION REVENUE IN 2022.

 NIGERIA’S BOX OFFICE GENERATE N6.94 BILLION REVENUE IN 2022.
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In 2022, the Nigerian cinema operators generated a total of 6.94 billion naira revenue as against 2021 amounting at N4.74 billion.

 

The National President of the Cinema Exhibitors Association of Nigeria (CEAN) Mr Opeyemi Ajayi disclosed this during an interview with the News Agency of Nigeria (NAN) in Lagos state, Nigeria.

 

The National President stated that Nigeria’s movie industry continues to lead the recovery in Africa post-covid pandemic, in his words he said “Nigeria continues to lead a recovery in Africa, post covid on the back of strong local industry, and Hollywood continues to focus on African content and engagement is very positive for the box office”.

 

Reviewing the outlook for cinemas in 2023, Mr Opeyemi reckoned that a 10% to 15% increase in ticket price would possibly drive box office revenue in the year and also expected positive growth with a minimum of 20% as independent cinemas constituted 25% of the market share presently. 

 

For 2022, he stated that “the increase in average ticket price led to revenue growth and admissions remained flat in the previous year”.

 

He went ahead to mention the top five highest grossing Nollywood films in 2022 which includes Brotherhood, King of Thieves, Battle on Buka Street, Ijakumo and Passport.

 

For Hollywood; Black Panther, Woman King, Dr Strange, Thor: Love and Thunder, and Black Adam.

 

An association of cinema owners, operators and managers, the Cinema Exhibitors Association of Nigeria (CEAN) is the authorized representative on issues with Government authorities such as the Ministry of Communication and Culture, National Film and Video Censors Board, and others.

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Grace Amos

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