Ticket sales fell 44% in June; only 363 million naira made: Nigerian cinema operators

The Cinema Exhibitors Association of Nigeria (CEAN) said on Saturday it recorded 363 million naira in total ticket sales across all cinemas in the country for the month of June.

Ope Ajayi, National Chairman of CEAN revealed this in an interview in Lagos.

“However, there was a decline in ticket sales comparing the month of May to June as the month of May saw total ticket sales of N653,229,100.00 compared to June of N363,274,99.00 .

“Ticket sales fell around 44% with June being the worst performing month in 2022 so far,” he said.

Mr Ajayi said the decline was due to increased rainfall and fuel shortages in June, which discouraged moviegoers from visiting the cinema.

He expressed optimism that July sales would surpass previous months.

“20 Nollywood films screened in June accounted for 28% of total ticket sales, while 14 Hollywood films accounted for around 70%, with ‘Jurassic World Fallen Kingdom’ and ‘Topgun Maverick’ being the main outliers.

“And comparing ticket sales in June 2022 (N363,274,999.00) with 2021 (N381,993,015.00), box office revenue fell 5% year-on-year for the month of June while attendance fell by 36%.

“However, with the highly anticipated release of Thor Love and Thunder, there is usually a peak in attendance in the month of July.

“It’s exciting to see the stunning box office performances of titles released in June,” he said.

Mr Ajayi revealed that the five highest-grossing films in June were ‘Jurassic World: Dominion’, ‘Doctor Strange in the Multiverse of Madness’, ‘Top Gun: Maverick’, ‘The Lost City’ and ‘The Perfect Arrangement’. .

He said the films that will hit theaters in July are: ‘Survivors’, ‘Minion: Rise of GRV’, ‘Yahoo Plus’, ‘Thor: Love and Thunder’, ‘Vanity’, ‘The Gray Man “, “Money Miss Road”, “Nope”, “Tiger’s Tail”, “Starter”, “League of Super Pets” and “Hey You”.

“As we all anticipated, ‘Jurassic World Dominion’ led the park with over N88 million in the date range, to cement the continued monstrous performance of ‘Doctor Strange in the Multiverse of Madness’.

“This month, the train is once again moving to Hollywood, steered by ‘Walt Disney‘ and ‘Marvel,’ bringing us the fourth installment in the Thor-Thor Love and Thunder franchise,” he said.

(NOPE)

Herman C. Harkins