Femi Ogunsanwo, the Nigerian movie producer, says upcoming filmmakers must leverage available networks and opportunities in the industry to cope with financial constraints.
He spoke at a recent capacity-building conference for creatives organised by Feemo Academy in collaboration with Kokopelli.
On strategies filmmakers could use to make money out of their projects, Ogunsanwo stressed the need for collaborations with different television stations and streaming platforms.
“Filmmaking in Nigeria faces the same challenge as every other business. The economy affects you but you have to find a way to resolve the problem. If it was going to cost one million naira to make a film before now it is going to cost you a hundred and thirty million naira,” he said.
“If you had three investors before, you are going to need four now. The streaming services like Netflix and Amazon are also commissioning films which means that if they commission any of your films, you don’t have to take money out of your pocket but the films they license, they watch in the cinemas and decide if they want to license them or not.
“My advice to upcoming moviemakers and producers is that if you want to shoot, shoot don’t talk. People do much talking and the problem with talking is that it affects you, so talk less and shoot more. Let your actions speak louder than your words.”
The filmmaker also enjoined government and corporate individuals to invest in Nollywood and explore the potential in the sector.
“In my opinion, there has never been a better time in Nigerian history to invest in Nollywood. This is the best time to invest in the movie industry because we didn’t have Netflix and Amazon coming to license our movies but we do now. It comes with the same benefits for anyone that invests in business – return on investment,” he added.
Also speaking, Kelvin Mary Ibekwe, theatre film content creator, advised established and aspiring actors to cultivate skills that would earn them more money in the industry.
On her part, Ifueko Gbinigie, head of Feemo Academy, said the conference was organised to bridge the gap between aspiring producers and veterans.
According to her, the event was also to build the capacity of stakeholders in the movie industry to cater to themselves financially and mentally.
“We are not only looking at the industry topics, we are also looking at mental health. For example pensions, investment funds and how people can save for the rainy day, for example, what happened in the pandemic when their source of income was taken from them,” Gbinigie said.
“So, it’s cutting across a lot, from which HMO to sign up on so that we can stop this whole GoFundMe because we have had a lot of actors who have passed away and it is very saddening when you can see people doing GoFundMe for them. If we were all looking after ourselves and health, we would surely be in a better place.”
Below are photos from the event:
Copyright 2024 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Follow us on twitter @Thecablestyle