The Story ⚡
2024 is done and dusted. Get an inside look at the standout moments, record-breaking achievements, and key trends that shaped a truly historic year for the cinema industry.
From the groundbreaking milestones to the creative visionaries behind the magic, 2024 has set a new standard for the industry – All in the Film One 2024 yearbook
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Nollywood’s Growing Success: 15 Nollywood titles surpass N100M milestone: This indicates a significant increase in the commercial viability of Nollywood films, with more titles achieving decent box office success.
Top 3 Nigerian titles of 2024: ELJ, Queen Lateefah, and Ajosepo: These films have demonstrated exceptional performance, resonating with audiences and contributing substantially to the year’s revenue.
Expansion and Growth of Cinema Infrastructure
24 new cinema locations: This expansion enhances the cinematic experience, providing more opportunities for Nigerians to enjoy films on the big screen.
Increased admissions since COVID-19: The growth in cinema infrastructure and the resurgence of the film industry have led to a rise in cinema attendance.
Revenue Performance
N11.58B in box office revenue: This figure represents a substantial increase in revenue, underscoring the growing importance of the film industry to Nigeria’s economy.
Cinemas in Lagos state generated N5.76B in cume revenue: Lagos state continues to be a hub for cinematic revenue, contributing significantly to the national total.
Seasonal Trends
Jan, Nov, and Dec pulled high revenue: These months have traditionally been associated with increased cinematic activity, driven by holidays, festivals, and school breaks.
Access The Yearbook here
In Summary
The 2024 yearbook from FilmOne Entertainment highlights Nollywood’s remarkable growth, with increased box office revenue, expanding cinema infrastructure, and rising admissions.
As the industry continues to evolve, N150M has emerged as the new benchmark for a blockbuster title, driving filmmakers to push creative boundaries and strive for even greater commercial success. With the streaming wars subsiding, 2025 is poised to be a pivotal year, as producers will be bringing their biggest and best titles to the cinema, making it a year to watch for Nollywood enthusiasts.
