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In 1992, in Nigeria, electronics salesman Kenneth Nnebue shot a straight-to-video film in a single month, on a price range of just $12,000. Living in Bondage offered greater than 1,000,000 copies, generally with the aid of using road vendors, and Nollywood – Nigeria’s film enterprise – changed into born.
By 2009, Nollywood had handed Hollywood because of the world’s 2nd biggest film enterprise with the aid of using volume, proper at the back of India’s Bollywood. And in 2014, the Nigerian authorities launched facts to display Nollywood as a $three. three billion sectors, with 1844 films produced in 2013 alone. This year, Nollywood Producer Kunle Afolyan reached a different Netflix distribution association for his modern-day movie, October 1. This provides to the ten Nollywood associated titles already on Netflix. The U.S. media company’s recent $12 million film rights buy of Nigerian novel Beasts of No Nation, to big-name Idris Elba.
The Nigerian movie enterprise, additionally called Nollywood, produces approximately 50 films in line with week, 2nd handiest to India's Bollywood—greater than Hollywood withinside the United States. Although its sales aren't on par with Bollywood's and Hollywood's, Nollywood generates an impressive $590 million annually.
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