Nigeria Cinemas Record Over N346m Revenue in March

National President of the Cinema Exhibitors Association of Nigeria briefs newsmen in Lagos.

The Cinema Exhibitors Association of Nigeria on Monday said that it generated N346.6 million from tickets sold across the country in March. The CEAN’s National President, Patrick Lee, disclosed this in an interview with newsmen in Lagos.

Lee said that the figure represented a 45 percent increase compared to the 189 million realized in March 2021. He also said that there was a seven percent improvement in ticket sales in March, as N301.48 million was generated in February. “For the month of March 2022, we made N346,607,688.00 ticket sales, this is quite encouraging compared to what we had in February which was N301,480,148.00.

“Comparatively, 2022 has continued to record higher box office revenue than 2021, March shows a 45 percent improvement from 2021 performance and a 7 percent growth from February 2022. “Of the 41 films shown in Nigeria cinemas in the month of March, Hollywood accounted for 75 percent of revenues despite having only 14 titles,” he said.