The Nigerian field workplace recorded an unprecedented efficiency in December 2024, with revenues exceeding N2.8 billion and greater than 537,000 tickets offered.
These figures signify the best single-month gross since December 2019 and set a brand new benchmark for the trade, highlighting the rising attraction of Nollywood productions and the resilience of cinema in Nigeria.
Main the cost was All people Loves Jenifa, which continued to dominate the charts, grossing N1.035 billion by its third weekend. The movie added N250 million within the ultimate weekend of December alone, cementing its standing as one in every of Nollywood’s highest-grossing titles.
Different notable performers contributed considerably to the month’s success. The family-friendly Mufasa grossed N93.8 million throughout its second weekend, bringing its complete to N267 million, whereas Alakada: Unhealthy & Boujee earned N70.3 million over the identical interval, pushing its cumulative gross to N205.3 million.Worldwide titles additionally performed a task, with Sonic 3 debuting at N70.6 million and Disney’s Moana 2 attaining N358.3 million after 5 weeks in theaters.Boxing Day emerged as a crucial issue within the month’s record-breaking efficiency. With 47,672 tickets offered, it turned the best post-pandemic single-day tally and the third-highest in Nigerian field workplace historical past.
Solely December 26, 2019, and December 26, 2018, noticed bigger gross sales numbers, reflecting the enduring reputation of festive cinema outings in Nigeria.
The typical ticket value (ATP) in December was N5,220, indicating regular shopper spending on cinematic leisure. Nollywood’s dominance throughout this era underscores the native viewers’s rising desire for homegrown tales, bolstered by authorities initiatives geared toward supporting the artistic trade.
What to know
Earlier this 12 months, the federal authorities launched a N5 billion Inventive Fund in partnership with Providus Financial institution, geared toward offering financing for movie and inventive initiatives. The primary section noticed N1.5 billion disbursed to 4 Nollywood producers.
The December field workplace outcomes counsel that Nigeria’s cinema trade is on monitor for a record-breaking 12 months, with the potential to surpass the N10 billion income mark. This could signify a double-digit year-on-year development and additional solidify Nigeria’s place as a thriving-growing cinema market on the continent.Nollywood’s robust exhibiting aligns with broader tendencies within the nation’s artistic economic system. The sector, which employs 4.2 million folks, is projected to generate a further 2.7 million jobs over the subsequent 5 years. Trade specialists estimate that the Nigerian artistic economic system may attain a valuation of $15 billion by 2025, with cinema taking part in a central function in that development.
December’s outcomes spotlight the rising attraction and affect of Nigerian cinema, each domestically and on the worldwide stage. With a robust pipeline of upcoming movies and continued funding, the trade is poised for sustained development heading into 2025.
