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Cinemas in Nigeria recorded N346.6 million in revenue in March

Cinema operators in Nigeria revealed revenues of N346.6 million in March 2022 compared to N301.48 million in February.

This was revealed in a statement issued by the President of the Cinema Exhibitors of Nigeria (CEAN), Patrick Lee in an interview with News Agency of Nigeria (NAN) in Lagos.

The associations also indicated that it represents a 45 percent increase compared to the N189 million achieved in March 2021.

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The association revealed that the highest-grossing films in Nigeria for the month of March include: ‘Batman’, ‘Uncharted’, ‘The Contractor’; “Simple Lie” and “Turn Red”.

“For March 2022, we have ticket sales of N346,607,688.00, which is very encouraging compared to what we had in February, N301,480,148.00.

Batman sold the most tickets, generating 39 percent of box office revenue for the month of March.

By comparison, 2022 continues to record higher box office revenues than 2021, and March shows a 45 percent improvement over 2021’s performance and 7 percent growth over February 2022.

Lee also revealed that of the 21 films shown in cinemas in that period, Hollywood took 75 percent of the revenue despite having only 14.

He revealed that the films that they expect to generate revenue for the month of April include them “I’m a Nazi, Sonic the Hedgehog, Saint Mark, Morbius, Villains, King of Thieves and Fantastic Beasts: Dumbledore’s Secrets”, Citing that with it exiting the first quarter, the association can’t wait to reveal the package for the second quarter, starting with the promising delivery of Marvel’s new superhero flick, “Mobius.”

“The film’s trailer suggests a mixture of action, sci-fi, thriller and horror. We are eager to see the reaction of moviegoers from our region. Horror didn’t hit the best numbers at the Nigerian box office,” He said.

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