The cinema industry has had a recent boost in their revenue stream. With the increase in quality of the Movie industry there has been an upward shift in the way people view movies at cinemas. This has led to investors going into the cinema business and opening up new cinema locations across Nigeria.
According to recent information from meetings held by the Cinema Exhibitors Association of Nigeria (C.E.A.N), several new cinemas will be added to the industry by the end of the year 2019 (filmonedigest). These include;
FILMHOUSE CINEMAS (LANDMARK, LAGOS)
Filmhouse Cinemas Limited is a dynamic film exhibition company which started in 2012 and today boasts 8 cinemas located across the country. Filmhouse is located in Lagos, Port Harcourt, Calabar, Kano, and Ibadan.
Every Filmhouse Cinema location features games arcade, ice cream café, food concession, toys shop, digital cinema, 3D cinema and kid’s club. You can experience cinema with the traditional popcorn and soda or try a variety of appetizers, classic meals, and delectable desserts.
In April 2019, American cine-tech giants MEDIAMATION confirmed their partnership with filmhouse cinemas to build West Africa’s first MX4D cinemas. According to a press release, the technology is to be unveiled when Filmhouse concludes its cinema at Landmark Event Centre, in Lagos later in the year (Wikipedia)
FILMHOUSE CINEMAS (CIRCLE MALL)
It is Located at The Rock Drive Off Bisola Durosinmi Etti Drive, Lekki Phase 1. It offers exquisite viewing pleasure, with its 2D/3D movie theatres and excellent customer service. It’s definitely one to visit for movie lovers.
It was officially unveiled at a grand opening event on December 1st 2018. Centre Manager for Circle Mall, Ayo Amudipe said, “The Cinema will offer exceptional comfort in each auditorium, allowing movie-lovers to stretch out and focus on the film. “The cinema will feature designs and operation style that largely incorporates complimentary multifarious services such as games arcade, food concession, digital cinema and 3D cinema, ultimately enhancing the movie-experience. (pressreader)
FILMHOUSE CINEMAS (OSOGBO)
Plans have begun to build another filmhouse cinema in Osogbo, Osun state, Nigeria. According to filmhouse General Managing Director, the cinema is going to have 2D and 3D experiences for kids and adults (ynaija). It is part of the plans in opening three new filmhouse cinemas in Nigeria.
GRAND CINEMAS (LEKKI)
Grand Cinemas is a state of the art exhibitor of cinema content, dedicated to giving guests the best cinematic experience at all times. Grand Cinemas is dedicated to the creation, distribution and exhibition of entertainment content across Nigeria and beyond.
Grand Cinemas opened its first outlet in the ever busy and heavily populated though underserved Chevron Drive, Lekki, Lagos in order to bring the cinema experience home to the hitherto neglected masses in the Lagos Metropolis. They offer the best of Hollywood and Nollywood movies, in very serene and comfortable environment, in addition to great concession services and an awesome arcade. They also offer school excursions, movie premieres, and special screenings. To meet the needs of the millions of film consumers in Lagos in particular and Nigeria in general, they plan to expand rapidly over the next few years in Lagos and one each in other major urban centers in the country. (grand cinemas)
The business of exhibiting movies has proven to be a very lucrative venture. The Industry boasts of cinema giants filmhouse cinemas and Silverbird cinemas. The profits from the year 2017 and year 2018 are $17,328,195 and $23,637,698 respectively (cinemastats). This shows that the cinema business is steadily improving in profit margins and it a very lucrative venture that’s why filmhouse and grand cinemas are planning to open new cinemas In the year 2019. With the recent news of new cinema openings fans and extroverts across Nigeria can be excited about new developments to come and this will also encourage more entrepreneurs to go into the cinema business. Also it makes getting access to blockbuster movies more easily.
Story by Micheal Osuji