The ace comedian spoke on some of the issues facing independent producers in Nollywood.
Comedian featured on CNN Marketplace Africa, talks hardships in Nollywood
When asked about the impact of the recession in the country's economy on business, AY noted that even his company suffered as did most companies in the industry.
Recommended articles
ALSO READ:AY Makun announces new reality TV show
The Nigerian movie industry has experienced a significant increase in investments and popularity and with Makun's recent movies, such as "30 days in Atlanta," "A trip to Jamaica," amongst others, this is made even more obvious.
He explained that the boom being experienced is a direct result of Nigerians realising that money can be made from Nollywood.
ADVERTISEMENT
He said: "People are now beginning to know that you can make money from our movies. Investors are starting to come in and collaborations between different production outfits are beginning."
Asked about the impact of the recession in the country's economy on business, AY noted that even his company suffered as did most companies in the industry.
"It affected the last movie I did, 10 Days in Suncity, because of the exchange rate. I was shooting in Nigeria and South Africa so the exchange rate was crazy and that affected finance.
"However, Nigerians seeking a short respite from the realities of the recession continued to spend money on movies."
ADVERTISEMENT
ALSO READ:AY Makun's movie grosses N80M in 10 days
AY went on to explain: "Recession or no recession, Nigerians want to like a product and they are ready to go out there and see it – it’s part of the relief for them."
He also outlined what it takes to produce a financially successful Nollywood movie.
"The secret is not for you to just jump in because you think people are making money. You need to do your research. You also need to have an understanding of finance."
Watch the clip from the interview above.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Tems, Rema, and Somadina to perform at lollapalooza 2023
Here's your first look at Lateef Adedimeji as Bola Tinubu in 'Last Man Standing'
Spotify exclusive trailer reveals star-studded tracklist for Davido’s 'Timeless'
Yul Edochie reportedly loses his first son, Kambili
Davido signs 2 new artists to DMW
Davido drops tracklist for upcoming album 'Timeless'
Enjoy the Easter Holidays with top entertaining content showing from this week on GOtv
Police to prosecute Portable for insulting officers
Wizkid releases stunning visuals for single 'Money & Love'
Pulse Sports
Manchester United identify Portuguese goal-machine Goncalo Ramosas Osimhen alternative
Giannis Antetokounmpo outshines Jordan Nwora as Bucks set record against Pacers
NPFL Review: Rangers continue to flirt with relegation, 3SC vs Plateau produce another classic
Arsenal reach first Champions League semi-final in 9 years with victory over Bayern
ADVERTISEMENT
