Business

Hike in movie ticket prices drives Nigerian cinema’s N2.25B revenue in Q1 2024

The Nigerian cinema industry recorded a revenue of N2.25 billion from ticket sales in the first quarter (Q1) of 2024, reflecting a significant surge compared to the previous year.


This data was revealed in the Nigerian Box Office Year Book for 2023, published by Filmone Entertainment, an independent film distribution and production company, on Monday, according to the News Agency of Nigeria.


The N2.25 billion revenue marks a substantial improvement over the N1.5 billion generated in the first quarter of 2023. This represents a 46% increase in box office revenues year-on-year.