By international standards, in the budget department, distribution system, and talent production Nollywood has a long way to go. It still takes the industry too long to produce new talents and the budget still pales in comparison with Hollywood and Bollywood.
However, this year, the industry has not been deterred by its restrictions. It has produced world-class content; for cinema, raking hundreds of millions of naira, for direct-to-streaming, ranking in the top 10 in multiple countries.
In 2023, indigenous language titles shined the brightest they have in a long time making waves on the box office and also on streaming platforms.
