I lost over 100 million in Cinema – Pere weighs in on Nollywood, Cinema issues

Nollywood Actor and producer, Pere Egbi, has weighed in on the issues surrounding Nollywood and Cinemas in the country, stating that he lost over 100 million due to these issues.

He made this disclosure while reacting to a video made by fellow actor, Femi Branch, lamenting the negative trends of cinemas in the country.

Gist reel reported that the veteran actor, Femi Branch, had warned cinemas to stop the habit of promoting other movies above others, among other pressing issues.

Weighing in on the issue, Pere lamented to bring a victim of the issues.

The reality TV star disclosed that he invested N150 million of his personal funds, and borrowed an additional N11 million to fund one of his movies, but noted that the returns on the movie was poor.

He maintained that this was due to hiding of films and poor screen time by cinemas.

He stated, “Dear Femi Branch, I came across your video, and I want to say thank you for speaking out on this issue. Every single thing you said is pure facts. Honestly, I was planning to wait until the end of January 2025 before making any moves, but at this point, I’m saying, lets go.

“As for Netflix and prime video, till today, The Silent Intruder is on neither. Story here and there! Over 150 million naira of my personal funds went into making that film. Plus 11 million naira taken from someone who invested.

“Till today I haven’t been able to pay back that person because I haven’t recovered money spent. My film made just 53 million in cinemas and o got just a little over 8 million from it. Netflix I no see, prime video I do see!

“It’s the shit that new producers and many producers like myself have to deal with. I’m still on that fight!”