Filmone Entertainment, an independent film distribution and production company, revealed this in its Nigerian Box Office Year Book for 2023, released on Monday.

The period under review had a remarkable improvement from ticket sales compared to N1.5 billion generated in first quarter of 2023.

According to the details, total admission of persons at the cinemas in the first quarter of this year was 596,609, while the same period in 2023 witnessed 620,477 attendance.

Also, average ticket price in the first quarter of the year stood at N3,765 and N2, 479 for 2023.

The details reads: “The box office revenue for Q1 2024 is N2.25 billion, inclusive of spillovers, with 596,609 admissions.

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“Year-on-year, this is a 46 per cent improvement in box office revenues, although ticket prices have indeed gone up by 52 per cent.

“Nonetheless, despite the huge spike in ticket prices, the admissions rate is down by 4 per cent year-on-year, which translates to a negative correlation of admissions to ticket prices.

“We have seen Nollywood hold 56 per cent of the box office over the period, with the highest grossing film of the year: A tribe called Judah, responsible for 27 per cent of the Q1 overall revenue, and Warner Bros. Aquaman and the lost kingdom with 11 per cent.

“There have been a total of 40 new titles released in the territory already in Q1 excluding spillovers.”

Source: NAN

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Its national chairman, Mr Opeyemi Ajayi, disclosed this to the News Agency of Nigeria, NAN, on Tuesday in Lagos, saying patronage at the cinemas in August was quite encouraging.

According to Ajayi, 212, 192 viewers were admitted into the cinemas within the period under review.

He said there was a sporadic improvement in sales and visitors patronage in August as against figures recorded in July.

“August was quite a beautiful month, we showcased beautiful movies like: Akuddaya, Meg 2, Teenage Mutant Minja, A Bag of Trouble, Blue Beetle, Mikolo, The Modern Woman, Retribution and Kesari.

“We had total sales of 603,588,722 with 212,192 viewers admission.

“This is an improvement in sales compared to July when we had N482,528,117 total sales.

“We want Nigerians to cultivate the habit of visiting the cinemas, it is a place to be to allay stress and unwind,” he said.

Ajayi said that cinema lovers should watch out for movies to be exhibited in September.

The movies are: Equaliser 3, A bag of trouble, Something like Gold, The Nun, Mami wata, Kanaani, A haunting in Venice, Expendables 4, Weekend to forget, The creator, and The dive and My big fat Greek wedding.

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The national chairman of CEAN, Mr Opeyemi Ajayi, disclosed this in a statement made available in Lagos.

He said there had been an appreciable increase in the revenue generated in April, compared with March.

According to him, for the month of March, N441 million revenue was generated.

Ajayi also said that 220,781 viewers visited the cinemas in April as against 174,071 viewers in March.

“CEAN has witnessed an increase in sales again in the month of April.  We were able to generate N566,755,146 in April, with 220,781 visitors admission into cinemas nationwide.

“The movies that were showcased in April were: Domitilla, John Wick, Super Mario Boss, Honey money and The Bloom boys.

“For May, cinema lovers can continue to watch out for: Guardians of the Galaxy, Tue bride price, Love again, Fast X and Little Mermaid,” he said.

Source: NAN

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