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    MTN may rake in $600m from sale of Jumia shares
    • 2/11/2019 5:31:43 AM
    • 18

    MTN may rake in $600m from sale of Jumia shares

    President Muhammadu Buhari says he is all out for free, fair and credible elections starting on February 16.
    • 2/12/2019 7:31:05 PM
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    President Muhammadu Buhari says he is all out for free, fair and credible elections starting on February 16.

    One year after, Leah Sharibu's family begs Buhari for rescue
    • 2/11/2019 5:30:57 AM
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    One year after, Leah Sharibu's family begs Buhari for rescue

    Nigeria must listen to international community, Akinyemi insists
    • 2/11/2019 11:06:39 AM
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    Nigeria must listen to international community, Akinyemi insists

  • World

    World

    Netanyahu vows to freeze Palestinian funds after Israeli teen killed
    • 2/11/2019 11:21:36 AM
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    Netanyahu vows to freeze Palestinian funds after Israeli teen killed

    Mother and child die in French fire following bakery blast
    • 2/11/2019 11:21:52 AM
    • 2

    Mother and child die in French fire following bakery blast

    Thai princess disqualified from list of candidates for PM
    • 2/11/2019 1:45:21 PM
    • 2

    Thai princess disqualified from list of candidates for PM

    Barnier says Corbyn’s Brexit offer ‘interesting’
    • 2/11/2019 5:42:54 PM
    • 2

    Barnier says Corbyn’s Brexit offer ‘interesting’

  • Business

    Business

    Oradian offers cloud base tech solution to boost financial inclusion
    • 2/12/2019 2:46:39 AM
    • 81

    Oradian offers cloud base tech solution to boost financial inclusion

    EXCLUSIVE: Fresh Woes for 9Mobile As Owner Teleology Pulls Out
    • 2/12/2019 3:56:36 PM
    • 4

    EXCLUSIVE: Fresh Woes for 9Mobile As Owner Teleology Pulls Out

    Underwriting firm rolls out health insurance scheme
    • 2/11/2019 5:52:16 AM
    • 3

    Underwriting firm rolls out health insurance scheme

    Polls' anxiety engenders mixed fortunes in air travel business
    • 2/11/2019 11:06:22 AM
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    Polls' anxiety engenders mixed fortunes in air travel business

  • Technology
  • Sport

    Sport

    Flying Eagles aim to confirm superiority over Mali
    • 2/11/2019 8:31:35 AM
    • 5

    Flying Eagles aim to confirm superiority over Mali

    Cricket World Cup trophy arrives in Nigeria today
    • 2/11/2019 8:31:59 AM
    • 4

    Cricket World Cup trophy arrives in Nigeria today

    Man City hit humiliated Chelsea for six to go top once more
    • 2/11/2019 11:11:42 AM
    • 4

    Man City hit humiliated Chelsea for six to go top once more

    Man Utd can mount title challenge next year, says Matic
    • 2/11/2019 11:12:08 AM
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    Man Utd can mount title challenge next year, says Matic

  • Entertainment

    Entertainment

    Nigerian pop star, Innocent Idibia, popularly known as 2baba, has apologised to his wife, Annie, for unspecified reasons in a thread on Twitter.
    • 2/12/2019 8:58:26 AM
    • 3

    Nigerian pop star, Innocent Idibia, popularly known as 2baba, has apologised to his wife, Annie, for unspecified reasons in a thread on Twitter.

    Osang Abang, a scriptwriter with M-Net, died in a road accident on Thursday night.
    • 2/12/2019 11:34:29 AM
    • 3

    Osang Abang, a scriptwriter with M-Net, died in a road accident on Thursday night.

    The government is proposing regulations that include vetting new songs, videos and film scripts, prior to their release.
    • 2/12/2019 2:44:24 PM
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    The government is proposing regulations that include vetting new songs, videos and film scripts, prior to their release.

    VIDEO: 'Rigging Audio' Was Cut And Manipulated By APC, Says Atiku's Campaign Spokesman
    • 2/12/2019 10:31:47 PM
    • 1

    VIDEO: 'Rigging Audio' Was Cut And Manipulated By APC, Says Atiku's Campaign Spokesman

  • Politics

    Politics

    Hoodlums attack FCT APC campaign train in Abuja
    • 2/11/2019 11:09:11 AM
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    Hoodlums attack FCT APC campaign train in Abuja

    Atiku is best candidate to tackle economy, restore unity, Ortom declares
    • 2/11/2019 12:40:49 PM
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    Atiku is best candidate to tackle economy, restore unity, Ortom declares

    Igbo in diaspora endorse Atiku/Obi, urges southeast to support candidates
    • 2/12/2019 3:57:24 PM
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    Igbo in diaspora endorse Atiku/Obi, urges southeast to support candidates

    Amosun Campaigns For Both APC And APM At Buhari's Campaign Rally
    • 2/11/2019 6:15:40 PM
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    Amosun Campaigns For Both APC And APM At Buhari's Campaign Rally

  • Lifestyle

    Lifestyle

    African leaders parley in Addis Ababa on healthy workforce
    • 2/11/2019 5:32:42 AM
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    African leaders parley in Addis Ababa on healthy workforce

    Louvre Abu Dhabi introduces Rembrandt, Vermeer
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    Louvre Abu Dhabi introduces Rembrandt, Vermeer

    Honouring yesterday heroes, tomorrow's leaders in Black History Month
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    Honouring yesterday heroes, tomorrow's leaders in Black History Month

    Flavour to headline foundation's anniversary celebration
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    Flavour to headline foundation's anniversary celebration

  • Video

    Video

    Gully Boy screening | Rahul Bose, Divya Dutta blown away by Ranveer's performance
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    Gully Boy screening | Rahul Bose, Divya Dutta blown away by Ranveer's performance

    Badla | Official Trailer | Amitabh Bachchan | Taapsee Pannu | Sujoy Ghosh | 8th March 2019
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    Badla | Official Trailer | Amitabh Bachchan | Taapsee Pannu | Sujoy Ghosh | 8th March 2019

    Koffee With Karan - Ep 17 Se 6 *FULL Ep
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    Koffee With Karan - Ep 17 Se 6 *FULL Ep

    Need 2 Know: Grammy Winners, Shutdown Part II
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    Need 2 Know: Grammy Winners, Shutdown Part II

Entertainment

http://www.nigerian24news.com/entertainment/the-findings-was-contained-in-a-report-titled-entertainment-and-media-outlook-2018-2022-an-african-perspective-was-released-by-pricewaterhousecoopers-on-wednesday/51580-news
The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.
  • 9/20/2018 9:21:55 PM
  • 8

The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.

The absence of cinemas is hampering the growth of the Nigerian film industry, a report has shown.

The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.

It showed that Nigeria currently boasts 114 cinema screens which service a population estimated, in 2018, at 198 million.

“With such a small number of venues, the sector will struggle to grow,” the report noted.

The report is an in-depth analysis of the trends shaping the entertainment and media industry in South Africa, Nigeria, Kenya, Ghana and Tanzania.

Although 2017 was considered a strong year for Nollywood, thanks to the runaway success of the rom-com The Wedding Party, released in late-December 2016, figures from the report has shown that the revenue could be better.

“Overall box office revenue from the industry was only US$12 million. This is a small figure given that Nigeria is Africa’s second-largest economy behind South Africa.”

The shortcomings nonetheless, the reports said Nollywood remains hugely prolific, producing over 2 000 films a year. According to the report, in 2017, 50 Nigerian features were released, a record number, as Nollywood looks to move beyond its low-budget roots.

“Films made in Nollywood are generally straight-to-DVD affairs, which get minimal play in the cinemas. Local producers are trying to push more of their films into mainstream theatrical distribution” the report noted.

According to forecasts from the report, Box office revenue in Nigeria will reach US$18 million by 2022, up from US$12 million in 2017 and will represent an increase at a 8.0% CAGR.

Nigeria’s domestic film industry, known as ‘Nollywood’, has obvious capacity for faster growth. Production continues to boom and the industry produces around 2 000 features a year, which makes it second only to Bollywood in terms of production. But the exhibition sector remains tiny.

Although the number of digital cinema screens will double to 152 by 2022, that is to cater to a country with a population close to 200 million and where there is appetite for locally produced films.

Unlike its counterparts in the Nollywood, Nigerian musicians are obviously smiling to the bank this is going by the findings.

“Despite the barriers to growth represented by music piracy and high mobile data transmission costs, as well as low fixed-line broadband and smartphone penetration, Nigeria’s music scene is vibrant and generating healthy revenue growth.

” Streaming accounts for a negligible share of music revenue in Nigeria, but it is a sector that is growing strongly and the country has several homegrown all-you-can-listen-to music services, which compete with the big overseas brands like Apple Music and Deezer” the report noted.

Digital music revenue also overtook physical music revenue as far back as 2013, but mobile formats – essentially, caller ring back tones (RBTs) – account for virtually all of digital revenue in the Nigerian music industry.

It also showed that the Nigerian music industry is dominated by mobile telecom operators, which also own some of the country’s biggest streaming and downloading full-track services.

  • The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.
  • The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.
  • The findings was contained in a report titled Entertainment and media outlook: 2018 – 2022 An African perspective was released by PricewaterhouseCoopers on Wednesday.

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Popular Kannywood entertainer and Muhammadu Buhari supporter, Adam Zango, has dumped his support for the ruling All Progressives Congress (APC).
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FG opens bridge to ease Apapa traffic, completes Tincan Trailer Park in May
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The music star has since denied the allegations against him and he has not been convicted of any sex crimes.
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The RCCG has announced plans to hold a 77 hours praise marathon to celebrate the 77th birthday of its General Overseer, Pastor Enoch Adeboye.
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Another Valentine's Day is here and the pressure to make it memorable is quite evident especially on social media.
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Nigerian pop star, Innocent Idibia, popularly known as 2baba, has apologised to his wife, Annie, for unspecified reasons in a thread on Twitter.
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Osang Abang, a scriptwriter with M-Net, died in a road accident on Thursday night.
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The government is proposing regulations that include vetting new songs, videos and film scripts, prior to their release.
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