fbpx
  • Latest
  • Trending
The rise of Nollywood: how Nigeria’s film industry became the world’s second largest

The rise of Nollywood: how Nigeria’s film industry became the world’s second largest

May 15, 2023
40 Ogun policemen are paraded for cultism and murder

40 Ogun policemen are paraded for cultism and murder

June 7, 2023
Alika Ogorchukwu murders’ trial in Macherata today, June 7, 2023.

Alika Ogorchukwu murders’ trial in Macherata today, June 7, 2023.

June 7, 2023
In Kogi, three family members are kidnapped by gunmen

In Kogi, three family members are kidnapped by gunmen

June 7, 2023
https://www.obalandmagazine.com/gallery/
The first lady of Abia visits rescued prisoners from a baby factory

The first lady of Abia visits rescued prisoners from a baby factory

June 7, 2023
Attacks by bandits: Sokoto gov mourns with victims, gives cash

Attacks by bandits: Sokoto gov mourns with victims, gives cash

June 7, 2023
Reps demand that the 18-year-old killed by a task force receive justice

Reps demand that the 18-year-old killed by a task force receive justice

June 6, 2023
Shettima is saddened by the death of UI Professor Ajewole

Shettima is saddened by the death of UI Professor Ajewole

June 6, 2023
Jihadists killed Nigerian soldiers in an ambush on a convoy

Jihadists killed Nigerian soldiers in an ambush on a convoy

June 6, 2023
BREAKING: Reps claim that Nigeria Air launch was a scam

BREAKING: Reps claim that Nigeria Air launch was a scam

June 6, 2023
Health Aid for Internally Displaced People in Edo State through the Loretta Initiative/MWAN

Health Aid for Internally Displaced People in Edo State through the Loretta Initiative/MWAN

June 6, 2023
“If you didn’t make me, you can’t break me” – Iyabo Ojo sends message to Governor Sanwo Olu, others

“If you didn’t make me, you can’t break me” – Iyabo Ojo sends message to Governor Sanwo Olu, others

June 6, 2023
Davido announces Documentary about his life on Netflix

Analysis of Davido’s Musical Collaborations with Both Local and International Artists

June 5, 2023
Retail
Wednesday, June 7, 2023
Login/Register
Advertise
  • Home
  • About Us
  • News
  • Entertainment
  • Culture
  • Music
  • Magazine
  • Television
  • Contact us
No Result
View All Result
Obaland Magazine
No Result
View All Result
Home News

The rise of Nollywood: how Nigeria’s film industry became the world’s second largest

Victoria Adeleke by Victoria Adeleke
May 15, 2023
in News
0
The rise of Nollywood: how Nigeria’s film industry became the world’s second largest
Tweet
Share
Share
0 Shares

Nollywood, Nigeria’s film industry, has grown to become the world’s second-largest film industry in terms of output, surpassing even Hollywood and second only to Bollywood. The rapid growth of Nollywood is a result of several factors, including the country’s large population, its diverse culture, and the increasing availability of digital technology.

Nigeria, with a population of over 200 million people, provides a huge market for African movies. This, coupled with a lack of proper movie distribution channels in the region, creates a high demand for local content. The industry is also boosted by a passion for storytelling, a rich cultural heritage, and a creative drive that is uniquely African.

YOU MAY ALSO LIKE

40 Ogun policemen are paraded for cultism and murder

Alika Ogorchukwu murders’ trial in Macherata today, June 7, 2023.

The industry’s growth began in the late 1990s with the release of the movie “Living in Bondage,” which became a hit in Nigeria and across Africa. Since then, Nollywood has grown to produce over 2,000 movies annually, with an estimated value of $7.2 billion in 2016, according to PwC.

Another factor contributing to the growth of Nollywood is the increasing availability of digital technology. The industry has been able to take advantage of this technological shift and adapt it into their filmmaking, leading to cheaper production costs and faster distribution. In addition, social media has helped Nollywood reach a wider audience, both locally and internationally.

Despite its phenomenal growth, Nollywood still faces several challenges, including piracy, poor distribution channels, and limited funding. However, the industry is continuing to evolve and develop, and with continued government support, there is no telling how far Nollywood can go.

Post Views: 58
Tags: filmNigeriaNollywood

Search

No Result
View All Result

Recent Posts

  • 40 Ogun policemen are paraded for cultism and murder
  • Alika Ogorchukwu murders’ trial in Macherata today, June 7, 2023.
  • In Kogi, three family members are kidnapped by gunmen
  • The first lady of Abia visits rescued prisoners from a baby factory
  • Attacks by bandits: Sokoto gov mourns with victims, gives cash
  • Reps demand that the 18-year-old killed by a task force receive justice
  • Shettima is saddened by the death of UI Professor Ajewole
  • Jihadists killed Nigerian soldiers in an ambush on a convoy
  • BREAKING: Reps claim that Nigeria Air launch was a scam
  • Health Aid for Internally Displaced People in Edo State through the Loretta Initiative/MWAN

Categories

  • ART (47)
  • biography (12)
  • blog (1)
  • business (57)
  • Celebrities (435)
  • columnist (5)
  • crime (156)
  • culture (97)
  • Economy (40)
  • Education (63)
  • Electrical (14)
  • Entertainment (708)
  • fashion (17)
  • Feature (6)
  • Gist (36)
  • Gossip (46)
  • Government (367)
  • health (103)
  • history (14)
  • International (31)
  • INTERVIEW (8)
  • music (49)
  • Nature (8)
  • News (281)
  • news (1,374)
  • Non profit (15)
  • PHOTO (3)
  • Political (349)
  • press release (14)
  • Property (13)
  • review (25)
  • Science (13)
  • Sport (42)
  • Sports (262)
  • TECHNOLOGY (12)
  • Video (5)
  • world (109)
https://www.obalandmagazine.com/gallery/ https://www.obalandmagazine.com/gallery/ https://www.obalandmagazine.com/gallery/

Popular News

  • Breaking news – Unveiling truth Of Shine Francis and DUMEZ EDO aka Erhuwaila of Amsterdam

    Breaking news – Unveiling truth Of Shine Francis and DUMEZ EDO aka Erhuwaila of Amsterdam

    0 shares
    Share 0 Tweet 0
  • Halita has made my Sun brighter  –Mrs. Ummi Baba -Ahmed

    0 shares
    Share 0 Tweet 0
  • Nigerian man that was beaten to death on the street in Italy

    0 shares
    Share 0 Tweet 0
  • Godwin Obaseki ( Governor of Edo State) Biography & Networth

    0 shares
    Share 0 Tweet 0
  • OAP AND SOCIAL MEDIA INFLUENCERS MONICA AMBROSE AND AMB BECKY EDIONEWE SPOKE ON CONVID19

    0 shares
    Share 0 Tweet 0
  • Privacy & Policy
  • Contact Us
  • Television

All right reserved© 2023 Obaland magazine

No Result
View All Result
  • About
  • Account
  • Books
  • Checkout
  • Contact us
  • Home
  • Log In
  • Login
  • Magazine
  • Member Directory
  • My Account
  • My Profile
  • Obaland Radio
  • Order Confirmation
  • Order Failed
  • Password Reset
  • Privacy & Policy
  • Register
  • Reset Password
  • Sign Up
  • Television

All right reserved© 2023 Obaland magazine