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Nollywood movie ‘76 becomes Africa’s first to sign $10m deal

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Nollywood movie ‘76 becomes Africa’s first to sign $10m deal

It’s been so much tribute to Adonaijah Owiriwa and Izu Ojukwu, the producers of the movie titled ’76 for the essence it captured, the stellar cast and the nearperfect execution of the project. These and more explain why the Nigerian historical drama has been the highest grossing in the history of Nigerian movies. We have it on good authority that aside over $2million dollars for sale and distribution across Africa, the Box Office had also requested that the movie be retained by popular demand.

In fact, it’s still till date the movie with the fairest negotiation with the distributors and exhibitors who previously would demand 60percent of the movie proceeds while the producer gets 40 percent at the cinema for the first week of airing. It gradually shrinks from 40 to 30 percent for the producer if the movie remains at the cinema.

Indications are that ’76 broke that jinx. As you read this, a $10million sale and distribution had been signed with an international company to reproduce the movie everywhere across the world aside Africa where the right has been secured by another organisation. The grand success of the film aside carting away numerous awards in months of its release, has encouraged the producers to get back to work to film another blockbuster.

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