Dreamestorical
Pro
A major surprise that would be thrown up when the rebased Gross Domestic Product (GDP) numbers are finally released on Sunday is how Nigeria’s Nollywood industry, now captured under “Motion pictures, sound recording and music production,” has made a huge leap to about N9trillion in size.
In the last five years, the industry has been growing in terms of quality, and has been rated the third most valuable movie industry in the world, behind Hollywood and Bollywood. The development has also impacted on returns.
Just as it has ranked third globally in terms of quality of production, it has grossed revenues that placed it third in the world.
Here is the link
http://businessdayonline.com/2014/0...-in-gdp-rebasing-leaps-to-n9trn/#.Uz7KofldWSp
The reason why I made this thread is to show the potential we as blacks have globally. Nollywood is now worth 9 trillion naira which when converted is about 54 billion dollars. Basically Nollywood contributes 54 billion dollars to Nigerias GDP yearly. When one makes a comparison to Hollywood which contributes 500 Billion dollars to americas GDP yearly one can see this is an amazing feat.( http://www.hollywoodreporter.com/news/hollywood-creative-industries-add-504-662691 )
You have to remember that nollywood caters to an audience of mainly Africans and Afro Caribbeans. Though unfortunately it has not caught on with our African American and Black Brazilian counterparts.
One also has to also take into consideration that we as blacks dont have great purchasing power globally and yet we have been able to achieve this feat. Then when you add the fact that the average quality of Nollywood movies are not in the same ball pack as Hollywood or Bollywood movies and also the nonexistent animation sector and rampant piracy and one sees this development as an even greater feat.
As African and Afro Carribean economies continue to rise and as blacks gain access to more disposable income, I foresee Nollywood overtaking Hollywood in the near future.
This shows the economic potential we blacks have today. Everything is not doom and gloom. Though at the moment a lot of work needs to be done. Nollywood movies are lacking in quality and there is a dearth of skilled workers in the entertainment sector. This is were I see the African diaspora stepping in. If Nollywood can find ways to collaborate with black hollywood and the Caribbean movie industry we can all benefit immensely.
This gives me joy because if we can do this in the entertainment industry, It means that there is hope for blacks to create businesses in any sector worldwide and benefit immensely. The potential is there and its being realized in the entertainment industry at the moment.
Black Excellence
In the last five years, the industry has been growing in terms of quality, and has been rated the third most valuable movie industry in the world, behind Hollywood and Bollywood. The development has also impacted on returns.
Just as it has ranked third globally in terms of quality of production, it has grossed revenues that placed it third in the world.
Here is the link
http://businessdayonline.com/2014/0...-in-gdp-rebasing-leaps-to-n9trn/#.Uz7KofldWSp
The reason why I made this thread is to show the potential we as blacks have globally. Nollywood is now worth 9 trillion naira which when converted is about 54 billion dollars. Basically Nollywood contributes 54 billion dollars to Nigerias GDP yearly. When one makes a comparison to Hollywood which contributes 500 Billion dollars to americas GDP yearly one can see this is an amazing feat.( http://www.hollywoodreporter.com/news/hollywood-creative-industries-add-504-662691 )
You have to remember that nollywood caters to an audience of mainly Africans and Afro Caribbeans. Though unfortunately it has not caught on with our African American and Black Brazilian counterparts.
One also has to also take into consideration that we as blacks dont have great purchasing power globally and yet we have been able to achieve this feat. Then when you add the fact that the average quality of Nollywood movies are not in the same ball pack as Hollywood or Bollywood movies and also the nonexistent animation sector and rampant piracy and one sees this development as an even greater feat.
As African and Afro Carribean economies continue to rise and as blacks gain access to more disposable income, I foresee Nollywood overtaking Hollywood in the near future.
This shows the economic potential we blacks have today. Everything is not doom and gloom. Though at the moment a lot of work needs to be done. Nollywood movies are lacking in quality and there is a dearth of skilled workers in the entertainment sector. This is were I see the African diaspora stepping in. If Nollywood can find ways to collaborate with black hollywood and the Caribbean movie industry we can all benefit immensely.
This gives me joy because if we can do this in the entertainment industry, It means that there is hope for blacks to create businesses in any sector worldwide and benefit immensely. The potential is there and its being realized in the entertainment industry at the moment.
Black Excellence
about the Nollywood and Black Hollywood working together... maybe this will cause some folks to do some double takes 
Great thread
