The Cinema Exhibitors Association of Nigeria (CEAN) announced on Tuesday that it made N1.2 billion from cinema sales in January 2024, with 322,833 viewers.
The National President of CEAN, Mr Opeyemi Ajayi, told the News Agency of Nigeria (NAN) in Lagos that Nigerians have maintained their interest in cinema going.
He said: “For January 2024, we had total sales of N1,202,195,706 with total admission of 322, 833″
Ajayi also revealed that the cinema revenue in 2023 was N7.35 billion with 2,606,891 admissions, which was higher than the N6.94 billion revenue in 2022.
He said the increase in revenue was due to the rise in average ticket prices, while the admissions dropped by 18.4 per cent in 2023.
He listed the top grossing Nollywood films in 2023 as: “A Tribe Called Judah”; “Malaika”; “Orisa”; “Ada Omo Daddy”; “Merry Men”; “Kesari”; “Something Like Gold”; “The Kujus Again”; “Afamefuna” and “A Weekend to Forget”.
He also named the top grossing Hollywood films in 2023 as: “John Wick, Chapter 4”; “Fast x”; “Aquaman And the Lost King”; “Mission Impossible”; “Barbie”; “Avatar: The Way of Water”; “Creed III”; “The Little Mermaid”; “Ant-Man And the Wasp” and “The Equalizer”.
He said the cinema industry recorded its highest December Gross Box Office (GBO) of N1.6 billion and a significant increase in admissions of 467,985 in 2023, compared to 384,435 in 2022.
“A tribe called Judah becomes the highest
grossing film of a time in the territory.
“Increase in average ticket prices led to
revenue growth in 2023 while admissions into cinemas declined by 18.4 per cent in
2023.
“Eight new cinemas were opened in 2023
while two cinemas were shut down due to increasing cost of operations.
“We had the first ever Cinema Day, celebrated in September and we experienced a significant rise in admission and revenue on that day.” he said.
