Nigerians spent ₦514.7 million to watch their favourite cinema movies in May 2023.
Disclosing this figure, the Cinema Exhibitors Association of Nigeria (CEAN) reported that the money spent to watch cinema movies last month represents a decline of ₦52 million when compared to the ₦566 million tickets sold in the preceding month.
“A total of 197,242 patrons also bought tickets at the box office in May showing a decline of 23,539 when compared with the 220,781 tickets sold in April.
”For the month of May, we were able to generate N514,653,363 with 197,242 viewers admission,” CEAN stated in its report.
Why Nigeria’s box office sales dropped
BizWatch Nigeria understands that this development may be unconnected to the cash crunch that left several people stranded, poor network service to transact, and limited film releases.
