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The CNN Report Transcripts

Discussion in 'FILMMAKING, INDUSTRY, TECHNOLOGY' started by Sola, Dec 26, 2004.

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  1. kinglove

    kinglove Member

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    Egbon sola, khami, crazy-t, if I am correct, your argument is not only based on the movie sales but the backward and forward linkages (ripple effect)? If so, I can see why the figure can be high although I don't know how high.
     
  2. Henchey

    Henchey Active Member

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    Uncle Sola
    Nothing spoil.
    Nobody can prove anything. We are 'arguing' on the likelihood. Nobody is killing or even abusing anybody. Its all fun to me, and most.
    Controversies such as this are what make website discussion forums work. If it goes on for ever, the better for your site. It means you are relevant.
    So chill and enjoy the fun. Life as you say is too short to take evrything too seriously.
    Peace.
    PS. I still maintain it is impozzible! :roll
     
  3. Sola

    Sola Administrator
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    I hear you bro. Although at the risk of being killed by the guys, $2B is a lot of money o! Its a sorry system we have that does not provide stats to resolve small matters like this. Neither side can be right until figures can be backed up with facts beyond what we have so far. From a newsman's perspective, the CNN reporter wouldn't have spoken flippantly without being sure, although $1.1B qualifies as "multi" billion these days.
     
  4. vince

    vince Well-Known Member

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    Wonderfully put,henchey! :action-sm
    I am just wondering,if the entire nollywood should be put up for a take-over bid by a very rich buyer,how much would it go for,considering it's level of developement right now?
    Now that would be a very interesting thing to know.
     
  5. youngblood

    youngblood Active Member

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    Folks, sorry to bust everyone's bubble but $2billion is a pipedream right now. Maybe 10yrs from now but that remains to be seen .... By my estimation, the best case scenerio valuation of the Nollywood market is no more than $100 million but I personnally feel that realistically, the value is no more than $30million to $50million. My best case scenerio estimation is based on a combination of research + first hand knowledge + my projections based on my knowledge. The average movie sells no more than 30,000 copies (of course there are exceptions like Osuofia in London, etc, etc... those are increasingly rare and few.... and may exceed 100,000 copies). The 30k figure is based on talking with markerters + folks at the Nigeria FIlm Market + seeing that producers are crying real loud about paying $5,000 to $10,000 for an A-list Nollywood actor/actress... if that don't tip you off, I don't know what will. Further, on average, 50 movies are released PER WEEK (like clockwork every Monday) via Nigeria Film Market (I've seen this with my 2 korokoro eyes). A combination of piracy + video clubs + the average naija customer prefering to borrow a movie rather than get their own copy means that most movies realeased (70% or more) will not sell close to 30,000 copies. Maybe 15,000 copies, if things go right. If you doubt me, go to the producers + the marketers and ask them first hand. I have, and I know how some of them roll... so lets leave it at that ... And if you do the maths based on the 15,000 copies sold at N200 wholesale, you'll understand why producers/marketers are complaining about increasing actor fees in an environment of decreasing movie revenues. Forget the fancy numbers. This is reality on the ground. Doing the maths at 15k copies at 50 movies per week at N200 per copy gives you about $50million. And I've been there and have direct contact with some of the biggest names in Nollywood. Can Nollywood get to $2billion with proper planning and governmental 'protection'? I believe so. But It's a long tough road away from reality right now. So there you have it. $50million realistically... maybe $100million if the sun, the stars, and the moon align at the same time. God bless.
     
  6. vince

    vince Well-Known Member

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    Thanks for that,my guy! grinning:
     
  7. Henchey

    Henchey Active Member

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    Thanks Youngblood.
    Yours definitely sounds more realistic.
     
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