Cinema revenue in Nigeria up 50% to N582m

The Cinema Exhibitors Association of Nigeria (CEAN) revealed that in the month of April, Nigerians spent a total of N582 million on movie tickets across the country for the month of April 2022.

This was stated by Patrick Lee, National President of the Nigerian Film Exhibitors Association during the weekend in Abuja.

According to Lee, the amount realized in April represented a 50% increase in sales from the N388 million recorded in the same period last year.

Patrick said, “Total ticket sales for April across cinemas in Nigeria is N 582 million. Comparing sales with April 2021, there is a 50% increase with sales of N 388 million.

The 22 Nollywood films shown in April took 43 percent of ticket sales, with King of Thieves being the winner – 23 percent – while 19 Hollywood movies took about 54% with two films grossing more than 50 Million N – Morbius and Sonic Hedgehog2, the latter becoming the biggest animation of the year so far.”

Meanwhile, comparing the number with the figure recorded in March 2022, he said that ticket sales improved by about 68%, with April recording the highest number at the box office since January.

He also highlighted the profitable films for the month of April such as: King of Thieves, Morbius, Sonic the Hedgehog 2, Fantastic Beasts: Dumbledore’s Secrets and Reign of Blood.

He said, “The King of Thieves opened with the highest-grossing Nollywood movie ticket sales in 2022, so far, it has also become the highest-grossing Indigenous film and only the tenth Nollywood movie to cross the N200 million mark.”

But he revealed that the films scheduled for release in May are: Law of the Heart, Doctor Stranger in the Multi-Universe of Madness, Firestarter, The Perfect Arrangement, Ilu America, Top Gun: Maverick, Bob’s Burger and Wildflower.

Patrick said, “Total ticket sales for April across cinemas in Nigeria is N 582 million. Comparing sales with April 2021, there is a 50% increase with sales of N 388 million.

Also Read: Despite hardships Nigerians are spending N$2.4 billion to buy movie tickets in 2021 – report

The 22 Nollywood films shown in April took 43 percent of ticket sales, with King of Thieves being the winner – 23 percent – while 19 Hollywood movies took about 54% with two films grossing more than 50 Million N – Morbius and Sonic Hedgehog2, the latter becoming the biggest animation of the year so far.”

Meanwhile, comparing the number with the figure recorded in March 2022, he said that ticket sales improved by about 68%, with April recording the highest number at the box office since January.

He also highlighted the profitable April blockbusters such as King of Thieves, Morbius, Sonic the Hedgehog 2, Fantastic Beasts: Dumbledore’s Secrets and Reign of Blood.

He said, “The King of Thieves opened with the highest-grossing Nollywood movie ticket sales in 2022, so far, it has also become the highest-grossing Indigenous film and only the tenth Nollywood movie to cross the N200 million mark.”

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