Nollywood, Nigeria’s film industry, is now priced at $5 billion and makes more films than Hollywood in the U.S, but less than the largest film industry, India’s Bollywood, according to Al Jazeera.
Nollywood, Nigeria’s film industry, is now priced at $5 billion and makes more films than Hollywood in the U.S, but less than the largest film industry, India’s Bollywood, according to Al Jazeera.
Nigeria's film industry has only 14 cinemas available to a country that is home to more than 170 million people. Each week, Nollywood creates as many as 50 original Nigerian films.
These films are created for a price range starting from $10,000 or below, and are later placed directly onto DVDs to be sold by movie hubs and hawkers in the street.
Nollywood is an industry that has high turnover and challenges the western mode of storytelling. It also employs an astounding number of citizens without government or foreign aid, making it also the second largest industry by number of employees in the country.