Although its revenues are not at par with Bollywood and Hollywood, the participants agreed that Nollywood still generates an impressive figure annually.
Writer and director, Ifeanyi Chidi, corroborated Ms Okoroji’s remarks. He said the establishment of more community theatres will boost box office earnings because people from other less affluent areas can get the Nollywood experience and see how good Nigerian movies can be.As the discussion deepened, the ladies said they believed that if the Nigerian film industry was properly managed, more jobs could be created in the sector.
The June lunch meeting also focused on the business of film in Nigeria, how to generate more revenue from the box office, the roles of unions amongst other issues.The convener also added that there is a need for more transparency in Nollywood because stronger unions will advance the cause of Nigerian film practitioners and help them get better royalties.
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