Movie Lovers Spend N1.2b in Two Months

• Movie Lovers Spend N1.2b in Two Months

A new data compiled by the Cinema Exhibitors Association of Nigeria (CEAN) revealed that Nigerians spent over N1.2 billion on movies in July and August.

In July, Bling Lagosians led the first week with N37,409,372 in revenue, while Mokalik the second Nigerian films in top 20, number nine to be precise earned N151,966 in the same week.

By the second week of the same month, ‘Spiderman: Far from home’ edged ‘Bling Lagosians’ out of the first position after dropping by 34 percent in revenue. Spiderman generated N64,072,680.

In the third week, Spiderman remained on top despite revenue dropping by 36 percent.

By the fourth week, ‘Lion King’ had settled in and climbed to number one with 108, 447, 093 million Naira. ‘Bling Lagosians’ stayed at number three with ‘Mokalik’ at number 13.

Other Nigerian films in top 20 included ‘Rant Queens’ at number eight, ‘The Gift’ at number eleven, ‘Wakill’ at 15 and ‘Coming From Insanity’ at 17.

Buzz around ‘Lion King’ dropped by the fifth week with earnings down by 33 per cent, totalling 73, 040, 701 million Naira. All the top 20 films earned 136, 936, 341 million naira in total.

‘Fast and Furious: Hobbs and Shaw’ debuted and snatched the number spot with 104, 443, 577 million naira. On Nollywood’s side, ‘The Set Up’ entered late into the week and raked in 187, 500 naira.

Although revenue dropped by 48 per cent, ‘Fast and Furious’ maintained the number one position while ‘The Set Up’ made its real box office debut at number three with 25, 634, 606 million Naira.

By the next week, all films maintained their positions but the ‘Bling Lagosians’ sank to number eight after spending eight weeks in the box office. ‘Once Upon a Time in Hollywood’ debuted leading to a week total of 113, 615, 730 million Naira.

In week nine, ‘Angel Has Fallen’ climbed to the number one spot, making 64, 227, 240 million naira. ‘The Set Up’ was pushed to fourth position with a 49 per cent drop in revenue.

For the last weekend in August, ‘Bling Lagosians’ settled at number 20 with ‘Once Upon a Time in Hollywood’ struggling at number 19. ‘The Set Up’ had dropped to number five.