Home Business Nigerians Spent Over N7 Billion in Cinemas in 2019 — Report

Nigerians Spent Over N7 Billion in Cinemas in 2019 — Report

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Nigerians spent almost N7 billion (N6,976,882,087) to watch films in the cinemas in 2019. The News Agency of Nigeria (NAN) reports that the figures are according to data provided by cinemas and gathered by the Cinema Exhibitors Association of Nigeria (CEAN).

The year opened with ‘Aquaman’, ‘Chief Daddy’ and ‘Up North’ sitting on the top three of the chart. Earnings remained low for February, making it the lowest-grossing month with a total of N291.8 million.

By March, viewership picked up steadily and the earnings were almost doubled from that of February leading to a total of N434,432,431. NAN reports that earnings from April climbed from N186,929,188 in its third week to N342,382,389 in its final week.’

The month closed with estimated total earnings of N734, 151, 060 million due to a major boost from Disney’s ‘Endgame’.

In May, there was a massive dip in earnings similar to that experienced in February. With ‘Endgame’, ‘The Intruder’ and ‘Longshot’, it earned a total of N367,498,554. June had a total earning of N576,322,779.

In July, the highest-grossing film for the period was ‘Bling Lagosians’. The film grossed the highest income in cinemas in June.

NAN reports that cumulatively, the cinemas earned over N3 billion in the first half of 2019 and over N1.2 billion in July and August of the same year.

In September, ‘Angel Has Fallen’ topped the box office with a gross of N40,434,564. It was followed by ‘Fast and Furious: Hobbs and Shaw’ and Nollywood film, ‘The Millions’ which debuted at number three.

‘Angel Has Fallen’ remained on top for the second week with ‘Hustlers debuting at number one in the third week. By the end of the month, cinema earnings had dropped by 13 per cent with ‘Rambo: Last Blood’ at number one.

In October, ‘Love is War’ started strong in its first week. ‘Fast and Furious: Hobbs and Shaw’ sank to the bottom in its 10th week. The same was the case for ‘The Lion King’ which was in its 12th week.

However, ‘Joker’ snagged the number one spot by the second week of October with the cinema gross totalling to N83,703,650 that week. By the third week, ‘Gemini Man’ pushed ‘Joker’ to second place and Nollywood’s ‘Elevator Baby’ debuted at number three.

NAN reports that in the final week, the top four films were ‘Maleficent’, ‘Black and Blue’, ‘Gemini Man’ and ‘Joker’ in that order with ‘Elevator Baby’ at number six.

November opened with ‘Terminator: The Dark Fate’ on top ranking. Nollywood was sixth with ‘Elevator Baby’ which made N4,298,150 and ‘Living in Bondage: Breaking Free’ debuted in its first weekend at number seven.

In the second week, ‘Living in Bondage’ sat on top in its first full week pushing ‘Terminator’ to second place. ‘Elevator Baby’ dropped to number eight.

December opened with ‘Living in Bondage’ redeeming its number one spot, followed by ’21 Bridges’ and ‘Frozen 2’. By the third week, there was an increase with ‘Jumanji’ and ‘Your Excellency’ debuting. The last week saw a 110 percent increase with ‘Merry Men 2’ and ‘Sugar Rush’ debuting.

NAN reports that for the last quarter of 2019, cinemas made N326,503,08, in September, N342,795,751 in October, N960,234,641 in November and N1 billion in December.

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