Nigerian Cinemas Record N347m Revenue, 45% Increase In March

The Cinema Exhibitors Association of Nigeria (CEAN) on Monday said that it generated N346.6 million from tickets sold across the country in the month of March; representing a 45 per cent increase compared to 189 million realised in March 2021.

Patrick Lee, CEAN’s National President, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos.

Lee said that there was a seven per cent improvement in ticket sales in March, against N301.48 million generated in February.

He listed the highest-grossing films in Nigeria in the month of March as “The Batman,” “Uncharted,” “The Contractor,” “A Simple Lie” and “Turning Red”.

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

“The Batman sold the highest number of tickets accounting for 39 per cent of box office revenue for the month of March.

“Comparatively, 2022 has continued to record higher box office revenue than 2021, March shows a 45 per cent improvement from 2021 performance and a 7 per cent growth from February 2022.

“Of the 41 films shown in Nigeria cinemas in the month of March, Hollywood accounted for 75 per cent of revenues despite having only 14 titles,” he said.

Lee noted that the films to be out for the month of April were: I’m Nazzy, Sonic The Hedgehog, Saint Mark, Morbius, Bad Guys, King of Thieves and Fantastic Beasts: The Secrets of Dumbledore.