ADVERTISEMENT
ADVERTISEMENT

Hit movie ‘FIFTY’ grosses over N400m on return on investment

News Express |24th Mar 2016 | 5,208
Hit movie ‘FIFTY’ grosses over N400m on return on investment

FIFTY, the Box Office Smash Hit from EbonyLife Films, will this week close its remarkable four-month cinema run in Nigeria. The much-talked about story of a pivotal week in the lives of four successful African Women in 21st century Lagos has redefined return on investment metrics in the African film industry. It is estimated that through various revenue generating streams, the film has grossed over N400 million.

In partnership with Film One Distribution, FIFTY made nearly N100m through Box Office takings alone. Premiere Sponsorship/Partnerships; Private screenings; a first-of-its-kind deal with Internet streaming provider, Netflix; In-flight Entertainment deals and Video-on-Demand (VOD) are amongst the other revenue streams.

Speaking on FIFTY’s cinema run, Executive Producer, Mo Abudu said: “We started our cinema run in early December 2015 and four months later the film continues to resonate with moviegoers across the country. We are extremely proud and it is testament that Nigerians do support their own.”

The movie’s revenue intake leverages on a unique business model not previously explored in the Nigerian Film Industry. This model serves as proof to various stakeholders – producers, directors and investors – an unorthodox promotional mix combined with high quality production yields measurable results.

FIFTY enjoyed tremendous support from The Lagos State Government, The Federal Government, Corporate and Social Nigeria. Industry captains – Alhaji Aliko Dangote, Tony Elumelu and Herbert Wigwe, amongst many others, attended the premiere; Music superstars Banky W & Waje surprised fans with Cinema ‘Meet & Greet’ in Malls across the country.

A ‘Win Big with FIFTY’ promo was run nationwide with audiences walking away with weekly prizes including WAKANOW holidays, SPAR vouchers, Flat screen TVs courtesy of KONGA and more. The Grand Prize of a Brand new Mercedes Benz B-class courtesy Skymit Motors will be presented to a winner in April 2016.

FIFTY has enjoyed rave reviews and international acclaim since it was first screened at The BFI London Film Festival 2015 including BBC, CNN, Vogue, and Essence and other national online and print titles.

The success of FIFTY has spawned a television series, with the movie executives announced that they will extend the movie’s success onto the small screen. The TV show will continue the premise that the movie set up – a week in the lives of four African women approaching the golden age of ‘Fifty’. Details of whether the lead characters will reprise their film roles are still being expected. Season 1 of FIFTY: The TV Series is set for production in Q4 2016, writing has already commenced.

Comments

Post Comment

Sunday, December 22, 2024 7:03 AM

Follow us on

ADVERTISEMENT

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2024