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Entertainment

Toyin Abraham’s ‘Oversabi Aunty’ Crosses N1 Billion at Nigerian Box Office

  • dollaers
  • January 27, 2026
  • Entertainment
  • 0 comments

Nollywood actress, filmmaker, and producer Toyin Abraham has reached a major career milestone as her latest film, Oversabi Aunty, officially crossed the N1 billion mark at the Nigerian box office, cementing her status as one of the industry’s most bankable creative forces.

The milestone was confirmed by West African distributor FilmOne Entertainment in a post shared on X (formerly Twitter), where the company celebrated the film’s historic run in cinemas.

With this achievement, Oversabi Aunty becomes the first Nollywood directorial debut to gross over N1 billion, while also ranking as the fourth highest-grossing Nollywood film of all time, unadjusted for inflation. The feat also marks Abraham’s first-ever N1 billion box office run in West Africa.

The performance underscores the growing commercial strength of locally produced Nigerian films, particularly comedy titles led by established stars with strong audience appeal.

What they are saying
In its celebratory post, FilmOne Entertainment described the milestone as historic, writing:

“N1 BILLION+ at the box office. First Nollywood directorial debut to hit N1 BILLION. 4th highest-grossing Nollywood film of all time in West Africa. This is a full celebration!!! OVERSABI AUNTY is still showing in cinemas nationwide, in select cinemas in the UK, and is coming to the USA and Canada soon.”

According to the distributors, the film’s success has been driven by strong cinema attendance across Nigeria and Ghana, effective pre-release marketing, and positive word-of-mouth following its early screenings.

Strong opening and sustained momentum
Oversabi Aunty opened to an impressive start, grossing N87.8 million during its opening weekend, alongside an additional N12.7 million from preview screenings. This brought its total opening earnings to N100.5 million.

At the time of release, the film delivered Nollywood’s second-biggest opening of 2025, setting the tone for the sustained box office momentum that followed over subsequent weeks.

The production boasts a strong supporting cast, including Mike Ezuruonye, Efe Irele, Queen Nwokoye, Jemima Osunde, Enioluwa Adeoluwa, Tana Adelana, and Toyin Afolayan, adding to its broad audience appeal.

According to the News Agency of Nigeria (NAN), the film premiered in Lagos on November 14, drawing cast members, filmmakers, and key industry stakeholders, further amplifying its visibility ahead of its cinema run.

Building on past success
The latest box office triumph further consolidates Toyin Abraham’s reputation as a commercially reliable Nollywood star. In 2024, her film Alakada: Bad & Boujee grossed N500.3 million at the Nigerian box office, ranking as the fifth highest-grossing Nollywood film at the time.

Released on December 20, 2024, Alakada: Bad & Boujee maintained audience interest over a 13-week theatrical run, reinforcing Abraham’s track record for delivering crowd-pulling comedy titles.

What you should know
Oversabi Aunty remains in cinemas nationwide, with select screenings ongoing in the United Kingdom. The film is also scheduled for releases in the United States and Canada, pointing to additional revenue potential from diaspora audiences.

Distributed by FilmOne Entertainment, one of Nigeria’s leading cinema distribution companies, the comedy centres on Toun, portrayed by Abraham — a well-meaning but overbearing church usher who believes it is her duty to interfere in the personal lives of others.

Her constant вмешательство gradually turns her household into chaos, forming the backbone of the humour and conflicts that drive the film’s storyline.

With its N1 billion milestone and international rollout underway, Oversabi Aunty stands as a landmark achievement for Toyin Abraham and a strong signal of Nollywood’s expanding box office power.

Netflix slams Paramount’s $108 billion WBD bid over debt concerns

  • dollaers
  • January 24, 2026
  • Business, Entertainment
  • 0 comments

Netflix has sharply criticised Paramount’s proposed $108 billion takeover bid for Warner Bros. Discovery (WBD), raising concerns about the rival studio’s heavy debt burden and questioning the credibility of its financing structure.

Speaking to the Financial Times, Netflix co-chief executive Greg Peters said Paramount’s offer “doesn’t pass the sniff test,” arguing that the company is already over-leveraged and that most WBD shareholders have yet to back the proposal.

Netflix, which is pursuing a competing all-cash $82.7 billion bid, said its offer provides greater certainty and could allow shareholders to vote on the deal as early as April 2026.

If successful, Netflix’s acquisition would give it control of Warner Bros’ century-old film studio and HBO’s premium content library, including major franchises such as Game of Thrones and Harry Potter.

What Netflix is saying

Netflix has drawn a clear contrast between its offer and Paramount’s proposal, focusing on balance-sheet strength and execution risk.

“Paramount already is saddled with quite a lot of debt,” Peters said, adding that the rival’s $30-per-share offer would require what he described as “pretty crazy” levels of additional borrowing.

According to Peters, Netflix’s own financial position allows it to pursue the acquisition without relying on aggressive leverage, reducing uncertainty for shareholders.

He also argued that without the backing of Oracle co-founder Larry Ellison, Paramount would have “no chance in hell” of completing the transaction, highlighting the dependence of the bid on external financing.

The backstory

Paramount’s $108 billion bid for WBD is structured around a mix of debt and equity, including roughly $55 billion in debt and $40 billion in equity financing backed by Larry Ellison, the father of Paramount CEO David Ellison.

So far, Paramount has secured only about 7% of WBD shares through its tender offer, far below the 50% threshold required to gain control. While Paramount has signalled it could raise its bid, analysts have questioned whether further increases are feasible given the company’s existing leverage.

Netflix, by contrast, is positioning its bid as simpler and more transparent. The streaming giant, which now boasts around 325 million subscribers worldwide, says its all-cash offer eliminates the risks associated with complex financing structures and heavy borrowing.

Why it matters

The battle for Warner Bros. Discovery is being closely watched across the global entertainment industry, as a successful Netflix takeover could fundamentally reshape Hollywood.

A combined entity would merge Netflix originals such as Stranger Things and Squid Game with Warner’s deep catalogue of films and television content, potentially redefining production, distribution, and monetisation models.

Industry reports suggest Netflix could shorten theatrical exclusivity windows or release major films directly to streaming, a move that would further disrupt traditional cinema revenue.

Paramount has pushed back against Netflix’s criticism. Gerry Cardinale, founder of RedBird Capital and a major Paramount Skydance shareholder, dismissed Netflix’s bid as “smoke and mirrors,” arguing that it effectively shifts billions of dollars in debt onto WBD’s Discovery Global spin-off. He famously described the proposal as “the Harry Houdini of deals.”

As the contest intensifies, Netflix is presenting itself as financially disciplined and execution-ready, while portraying Paramount’s bid as over-leveraged and dependent on external backers — a narrative likely to weigh heavily on shareholder sentiment in the weeks ahead.

Funke Akindele Tops African Box Office for Three Straight Years with ₦5.3 Billion Gross

  • dollaers
  • January 13, 2026
  • Entertainment
  • 0 comments

Funke Akindele has cemented her status as the undisputed box office queen of African cinema after ranking number one at the regional box office for three consecutive years, posting a combined domestic gross of ₦5.3 billion between 2023 and 2025. The milestone makes her the first filmmaker to achieve such a feat in West Africa, reflecting not just commercial success but sustained audience loyalty in an increasingly competitive entertainment landscape.

Her latest release, Behind The Scenes (2025), closed its theatrical run at an impressive ₦2.103 billion, overtaking Everybody Loves Jenifa to become the highest-grossing film in West African box office history. The figures, compiled from cinema distributors and independent industry trackers across the region, confirm Akindele’s dominance at a time when inflationary pressures, rising ticket prices, and tighter household spending have made theatrical success harder to achieve.

The film was released under the Funke Ayotunde Akindele Network (FAAN) and distributed by FilmOne Entertainment, a key player in the Nigerian cinema distribution ecosystem. According to the distributor, the movie’s performance was driven by strong opening-week attendance, sustained word-of-mouth, and Akindele’s proven ability to connect with mass audiences.

A breakdown of the box office run

A closer look at Akindele’s three-year box office streak highlights a steady upward trajectory in earnings and scale:

  • 2023: A Tribe Called Judah grossed ₦1.408 billion, becoming Nollywood’s first-ever billion-naira film and resetting expectations for local cinema revenue.

  • 2024: Everybody Loves Jenifa followed with ₦1.883 billion, raising the bar further and establishing a new industry benchmark.

  • 2025: Behind The Scenes surpassed both titles, closing at ₦2.103 billion to lead the regional box office.

Together, the three films delivered a combined gross of approximately ₦5.39 billion within three years, positioning Akindele as Africa’s highest-grossing filmmaker of all time. Beyond acting, she now holds the distinction of being the continent’s top-grossing director, producer, and screenwriter—an all-round creative achievement rarely seen in the industry.

About Behind The Scenes

Directed by Funke Akindele alongside Tunde Olaoye, Behind The Scenes is a 2-hour-24-minute drama rated 12A. The film features a star-studded ensemble cast including Scarlet Gomez, Iyabo Ojo, Destiny Etiko, Tobi Bakre, Ibrahim Chatta, Ini Dima-Okojie, Uzor Arukwe, Uche Montana, and Victoria Adeleye.

The story follows Aderonke “Ronky-Fella” Faniran, a successful real estate entrepreneur whose generosity toward family and friends eventually forces her to confront issues of personal boundaries, responsibility, and self-worth. The narrative blend of drama and social commentary resonated strongly with audiences, contributing to the film’s exceptional box office longevity.

Akindele has previously disclosed that the film’s production budget exceeded ₦1 billion, underscoring the growing cost of large-scale Nollywood productions. That such an investment translated into record-breaking returns highlights both her commercial instincts and her ability to manage scale without losing audience appeal.

Why this achievement matters

Industry data shows that Behind The Scenes crossed the ₦1.1 billion mark within just 17 days of release, making it the fastest film in West Africa to reach the billion-naira milestone. It also recorded the highest single-day gross in regional box office history, pulling in ₦129.5 million on Boxing Day alone.

These results are particularly significant given the current economic climate. With inflation squeezing consumer spending, Akindele’s sustained box office dominance signals a deep level of brand trust and audience engagement. Through her production outfit, Scene One Productions, she has consistently delivered commercially viable films that redefine earnings potential in the Nigerian film industry.

From her early breakout role on I Need to Know to her present-day box office reign, Funke Akindele’s journey reflects the evolution of Nollywood itself—bigger budgets, wider audiences, and global ambition. Her three-year run at the top of the African box office is not just a personal milestone, but a landmark moment for the continent’s film industry.

Funke Akindele’s Behind The Scenes Breaks Records to Become West Africa’s Highest-Grossing Film Ever

  • dollaers
  • January 9, 2026
  • Entertainment
  • 0 comments

Behind The Scenes, the latest blockbuster from Funke Akindele, has officially rewritten West African box office history, overtaking Everybody Loves Jenifa to emerge as the highest-grossing film ever produced in the region. The landmark achievement cements Akindele’s reputation as Nollywood’s most commercially successful filmmaker and underscores the growing economic power of locally produced African films.

Industry data compiled from cinema distributors and box office trackers across West Africa confirms that Behind The Scenes has surpassed the lifetime earnings of Everybody Loves Jenifa, which previously held the regional record with an estimated total gross of about ₦1.8 billion. The new record highlights not only Akindele’s dominance but also the sustained expansion of cinema culture and audience appetite for premium Nigerian productions.

A historic box office run

Available figures show that Behind The Scenes had recorded approximately ₦1.77 billion in cumulative box office revenue as of its most recent weekend in cinemas, with additional earnings expected as the film continues to attract audiences into 2026. One of the most striking highlights of its run was a ₦129.5 million single-day gross on Boxing Day, placing it among the highest single-day takings in Nollywood’s history.

Beyond revenue, the film has also led in audience turnout. It topped West Africa’s 2025 cinema admissions ranking with 223,768 admissions between January 1 and December 31, 2025, excluding spillover numbers recorded in early 2026. By comparison, Everybody Loves Jenifa recorded 148,863 admissions over the same period. This gap reflects not only higher ticket prices driven by inflation, but also a substantially larger cinema-going audience, signaling deeper market penetration.

More than just a box office win

The record-breaking performance of Behind The Scenes makes it the highest-grossing movie of 2025 so far and marks Funke Akindele’s third film to cross the ₦1 billion threshold, a feat that remains unmatched in Nollywood. The achievement reinforces her status as a rare creative force who consistently blends commercial appeal with mass-market storytelling.

The film’s success has been powered by a broad, star-studded ensemble cast that cuts across age groups and fan bases. The lineup includes BBNaija stars Wanni x Handi, alongside Uche Montana, Scarlet Gomez, Tobi Bakre, Uzor Arukwe, Vee, Mr Macaroni, Ini Dima-Okojie, Iyabo Ojo, Ibrahim Chatta, Dele Odule, Destiny Etiko, Kamo, Afeez Oyetoro, and Ejiro Onojafe. This wide-ranging appeal helped sustain strong word-of-mouth and repeat viewership weeks after its release.

Big budgets, bigger stakes

Behind The Scenes also represents the evolving economics of Nollywood. Akindele has previously disclosed that the film’s production budget was close to ₦1 billion, highlighting the rising scale, ambition, and financial risk now associated with top-tier Nigerian filmmaking. That such an investment has translated into record-breaking returns reinforces confidence in Nollywood as a viable big-budget industry rather than a purely low-cost, high-volume market.

The film’s performance further supports the shift toward data-driven decision-making, premium cinema experiences, and aggressive regional distribution strategies that mirror global film industries.

Opening-weekend momentum and distributor support

The journey to the record began almost immediately after release. According to figures released by FilmOne Entertainment, the film’s West African distributor, Behind The Scenes posted over ₦200 million in box office revenue during its opening weekend, making it the highest-grossing opening weekend of 2025.

Between December 12 and 14 alone, the movie attracted 34,548 admissions, setting multiple opening-weekend benchmarks. Within two weeks, it crossed the ₦500 million mark, and just 17 days after release, it surged past ₦1.1 billion, becoming the fastest film in West African history to reach the billion-naira milestone.

What you should know

Nairametrics has consistently tracked the rise of billion-naira Nollywood films and Funke Akindele’s outsized influence on box office outcomes. The actress-producer has also been vocal about the threat of piracy, repeatedly warning fans against sharing illegal cinema recordings and stressing that piracy directly undermines profitability and future investment in the industry.

Overall, the record-setting run of Behind The Scenes is more than a personal triumph for Funke Akindele. It is a defining moment for Nollywood—proof that African films, when backed by strong storytelling, star power, and smart distribution, can achieve historic commercial success on their own terms.

Funke Akindele’s ‘Behind the Scenes’ Smashes Records, Crosses N1.1 Billion in Just 17 Days

  • dollaers
  • December 30, 2025
  • Entertainment
  • 0 comments

Funke Akindele has once again redefined what is possible in Nollywood, cementing her reputation as the industry’s most bankable filmmaker. Her latest cinematic outing, Behind the Scenes, has officially crossed the N1.1 billion mark at the West African box office just 17 days after its theatrical release, making it the fastest film in the region’s history to achieve the milestone.

The achievement is not only historic in speed but also in scale. With this latest feat, Akindele becomes the only filmmaker to have delivered three separate billion-naira box office hits, and remarkably, the first to record three consecutive N1 billion-plus movies within a single calendar year. In an industry often challenged by limited screens, rising production costs, and fluctuating consumer spending, the numbers underline a level of consistency and audience loyalty that remains unmatched.

Adding to its growing list of records, Behind the Scenes also posted the highest single-day theatrical gross ever recorded on Boxing Day, raking in an impressive N129.5 million. The performance reflects strong holiday-season demand and sustained word-of-mouth momentum, even as cinema attendance across the country continues to face pressure from inflation and broader economic headwinds.

The film’s distributor, FilmOne Entertainment, confirmed the figures and marked the milestone across its social media platforms. In a celebratory message to moviegoers, the company described the moment as “another history made,” while expressing gratitude to audiences for turning out en masse, filling cinema halls, and embracing the story. Industry watchers note that FilmOne’s wide distribution footprint and strategic release timing played a key role in maximising the film’s reach across major urban centres.

Inside the movie and its appeal

Co-directed by Akindele and Tunde Olaoye, Behind the Scenes is a drama that blends emotional depth with commercial polish. The film boasts a star-studded ensemble cast that includes Scarlet Gomez, Iyabo Ojo, Destiny Etiko, Tobi Bakre, Ibrahim Chatta, Ini Dima-Okojie, Uzor Arukwe, Uche Montana, and Victoria Adeleye. With a runtime of 2 hours and 24 minutes and a 12A rating, the movie targets both younger audiences and mature viewers, broadening its demographic appeal.

At the heart of the story is Aderonke “Ronky-Fella” Faniran, a successful real-estate entrepreneur whose excessive generosity and sense of responsibility begin to take a toll on her personal life. As the narrative unfolds, the film explores themes of boundaries, self-worth, emotional labour, and the quiet costs of being everyone’s pillar. Critics and audiences alike have pointed to the relatability of these themes as a major driver of the film’s resonance, particularly among working professionals and family audiences.

Big budget, bigger stakes

Ahead of the film’s release, Akindele revealed that the production budget exceeded N1 billion, a figure that underscores both the ambition behind the project and the financial risks involved. Rising costs associated with equipment, logistics, talent fees, and marketing have pushed Nollywood budgets higher in recent years, making box office success more critical than ever. In that context, Behind the Scenes is being viewed as a case study in how premium investment, when paired with strong storytelling and brand power, can still yield outsized returns.

Following the movie’s nationwide debut, Akindele also appealed directly to fans to refrain from recording or sharing clips from the film while in cinemas, emphasising the importance of protecting filmmakers’ revenue and supporting the industry’s sustainability.

What you should know

The film’s blockbuster run began with a remarkable opening stretch, grossing over N500 million in its first week—already the strongest opening frame for any Nollywood title in 2025. This was aided by advance screenings held on December 10 and 11, ahead of the nationwide release on December 12, which helped build early buzz and demand.

Behind the Scenes continues Akindele’s extraordinary commercial streak, following the success of A Tribe Called Judah and Everybody Loves Jenifa, both of which also crossed the billion-naira threshold. With the latest numbers, Behind the Scenes now stands as the highest-grossing Nollywood release of 2025 to date.

Beyond the headline figures, the film’s performance reinforces Funke Akindele’s status as Nollywood’s highest-grossing producer of all time—a position built not on one-off successes, but on a sustained ability to connect with audiences and turn that connection into record-breaking box office results.

Bimbo Ademoye’s ‘Where Love Lives’ Smashes 6 Million YouTube Views in Just 72 Hours

  • dollaers
  • December 28, 2025
  • Entertainment
  • 0 comments

Bimbo Ademoye has recorded a major digital milestone with her latest romantic comedy, Where Love Lives, which has crossed 6 million views on YouTube within just 72 hours of its release. The film, which premiered on December 24, 2025, debuted strongly with 2.5 million views in its first 24 hours before sustaining momentum over the next two days, according to analytics from her YouTube channel, Bimbo Ademoye TV.

Independent data checks show that the movie amassed a total of 6,041,086 views within three days, placing it among the fastest-growing Nollywood releases on YouTube in 2025. The rapid uptake has surpassed early industry expectations and further cements Ademoye’s position as one of the most influential digital-first creators in Nigeria’s film industry.

Produced by Ademoye in partnership with A3 Studios, Where Love Lives stars Uzor Arukwe, Chioma Nwosu, and Osas Ighodaro. The film explores the complexities of love, identity, and social pressure within the walls of one of Lagos’ most exclusive residential estates, where image, wealth, and unspoken secrets test personal relationships. Its relatable themes, combined with humour and polished production, appear to have resonated strongly with online audiences.

With over 1.3 million subscribers, Ademoye’s channel ranks among the largest producer-led Nollywood platforms on YouTube. This built-in audience has proven crucial in driving early traction, helping Where Love Lives outperform several recent Nollywood digital releases. Notably, the film has overtaken Love In Every Word by Omoni Oboli, which crossed 4.3 million views in its first 72 hours earlier in the year.

The performance of Where Love Lives reinforces a broader trend: Nollywood is steadily building a YouTube blockbuster economy. Star-powered channels, lean production partnerships, and algorithm-friendly genres—particularly romantic comedies—are reshaping how Nigerian films reach audiences. In 2025, YouTube has increasingly functioned as a parallel cinema, especially for viewers priced out of traditional theatres or living outside major urban centres.

Channels such as Omoni Oboli’s Digital Tribe have delivered multiple multi-million-view titles this year, highlighting the platform’s growing importance to Nollywood’s commercial ecosystem. For example, Love In Every Word went on to generate over 20 million views within three weeks of release, demonstrating the long-tail revenue potential of digital-first distribution.

What sets this model apart is its low barrier to entry for audiences and creators alike. Free-to-watch access, subscriber-driven promotion, and minimal reliance on major studio intermediaries allow filmmakers to scale quickly while retaining control over their intellectual property. For producers like Ademoye, this translates into greater transparency in monetisation, broader global reach, and sustained engagement beyond opening weekend performance.

The success of Where Love Lives also marks another chapter in Ademoye’s career evolution from actor to producer-creator. She began her journey in 2014 with the short film Where Talent Lies, which gained recognition at the Africa International Film Festival. She has often credited Uduak Isong for mentorship and her first feature role in It’s About Your Husband. Subsequent roles in Backup Wife and the box-office hit Sugar Rush strengthened her profile.

Her wider continental breakthrough came with Anikulapo, while her AMVCA win for Selina in 2023 solidified her standing as a leading actress. Today, with Where Love Lives, Ademoye is proving that ownership-driven, direct-to-audience strategies can deliver both cultural impact and commercial success in Nollywood’s digital era.

Funke Akindele’s Behind the Scenes Smashes N500 Million Box Office Mark in Just Two Weeks

  • dollaers
  • December 24, 2025
  • Entertainment
  • 0 comments

Funke Akindele has once again rewritten Nollywood’s commercial playbook as her latest cinematic outing, Behind the Scenes, crossed the N500 million mark at the Nigerian box office barely two weeks after its theatrical release. The feat not only reinforces Akindele’s reputation as one of the industry’s most bankable figures but also sets a new benchmark for speed and scale in local cinema performance.

According to official box office figures released by FilmOne Entertainment, the film’s West African distributor, Behind the Scenes has now grossed N514 million across cinemas in Nigeria and Ghana. This milestone makes it the fastest Nollywood film on record to hit the half-billion-naira threshold, a distinction that underscores the film’s exceptional audience pull and sustained momentum since its debut.

The strong earnings also saw the movie retain its position as the number one film of the weekend, extending what distributors have described as a historic and largely uninterrupted run at the box office. Industry analysts say the performance is particularly noteworthy given the increasingly competitive cinema landscape and the pressures facing filmmakers from rising production, marketing, and distribution costs.

For Akindele, the success adds another major commercial win to an already formidable track record. In recent years, she has consistently delivered high-grossing titles that resonate with mass audiences, blending relatable storytelling with strong production values. Observers note that Behind the Scenes arriving at a time of economic strain and tightening consumer spending makes its rapid climb even more significant, pointing to the enduring appetite for well-made, locally produced stories that reflect familiar social realities.

Directed by Funke Akindele in collaboration with Tunde Olaoye, Behind the Scenes boasts a star-studded ensemble cast featuring Destiny Etiko, Ibrahim Chatta, Ini Dima-Okojie, Iyabo Ojo, Tobi Bakre, Uzor Arukwe, and Victoria Adeleye. The film runs for two hours and 24 minutes and carries a 12A rating, making it accessible to a broad cinema-going demographic.

At its core, the drama follows the life of Aderonke “Ronky-Fella” Faniran, a highly successful real estate entrepreneur whose generosity toward friends, family, and associates gradually begins to exact a heavy personal cost. As the story unfolds, the film interrogates themes of self-sacrifice, emotional boundaries, and the often-unspoken burden that comes with being perpetually dependable. Critics and audiences alike have praised the narrative for sparking conversations around responsibility, empathy, and the limits of giving.

The film is currently screening in major cinema hubs across Nigeria and Ghana, including Lagos, Abuja, Kaduna, and Accra. Akindele has previously revealed that the production budget exceeded N1 billion, highlighting the scale of investment behind the project and the high stakes attached to its theatrical performance. Crossing N500 million in just two weeks is therefore seen as a critical step toward recouping costs and achieving long-term profitability.

Audience response across West Africa has been overwhelmingly positive. Akindele has taken to social media to thank cinema-goers in Nigeria and Ghana, describing the box office run as a powerful affirmation of faith in both the story and the broader Nollywood industry. Many fans have echoed this sentiment, framing the film’s success as a win for local storytelling on a grand scale.

The film’s current achievements build on a record-breaking opening run. Behind the Scenes, which premiered on December 12, generated more than N200 million in its opening weekend alone—the highest opening-weekend gross recorded by any Nollywood film in 2025 so far. FilmOne disclosed that the movie sold 34,548 tickets between December 12 and 14, setting five separate opening-weekend records, including the highest admissions recorded in a single weekend this year.

Momentum had been building well before the official release. Advance screenings reportedly generated N27.2 million in ticket sales, the highest ever recorded for a Nollywood title. An earlier UK debut further signalled strong international appeal, recording over 1,550 admissions and selling out multiple screens—clear evidence of robust diaspora demand.

With Behind the Scenes still enjoying strong attendance and word-of-mouth buzz, industry watchers expect the film to push significantly beyond its current tally. In doing so, it not only strengthens Funke Akindele’s standing as Nollywood’s undisputed box office powerhouse but also reinforces confidence in the commercial viability of big-budget Nigerian cinema.

Larry Ellison Bolsters Paramount’s Warner Bros. Discovery Bid with $40 Billion Personal Guarantee

  • dollaers
  • December 23, 2025
  • Entertainment, Investors
  • 0 comments

Paramount Pictures has significantly raised the stakes in its pursuit of Warner Bros. Discovery after securing a massive $40.4 billion personal financial guarantee from billionaire technology mogul Larry Ellison. The move marks a dramatic escalation in one of the most closely watched takeover battles in the global media industry and signals Paramount’s determination to prevail in an increasingly competitive bidding war.

In a statement released on Monday, Paramount confirmed that Ellison, co-founder of Oracle, has agreed to provide an “irrevocable personal guarantee” to support the equity portion of Paramount’s proposed $108 billion acquisition of Warner Bros. Discovery. The guarantee is designed to reinforce confidence in Paramount’s financing structure at a time when rival bidders and Warner Bros. Discovery’s board have raised concerns about execution risk and funding certainty.

According to the company, Ellison has further committed not to revoke the Ellison family trust or transfer its assets in any way that could undermine the transaction while negotiations and regulatory reviews are ongoing. This assurance directly addresses reservations previously expressed by Warner Bros. Discovery, which had questioned whether the Ellison family trust would remain fully aligned with Paramount’s offer throughout what is expected to be a complex and lengthy approval process.

The strengthened bid follows a recent filing by Warner Bros. Discovery with the U.S. Securities and Exchange Commission, in which the media group noted that the Ellison family trust had “no obligation” to cooperate with Paramount’s takeover proposal. However, the filing also acknowledged that a binding personal guarantee from Larry Ellison himself would be sufficient to allay those concerns. Paramount’s revised offer appears tailored precisely to meet that condition.

In its amended proposal, Paramount also increased the transaction’s breakup fee to $5.8 billion, up from the original $5 billion. The higher breakup fee is intended to compensate Warner Bros. Discovery shareholders if the deal fails to close due to regulatory, legal, or financing hurdles, further underscoring Paramount’s confidence in its ability to complete the acquisition.

Ellison’s involvement adds considerable weight to the bid. With an estimated net worth of $242.7 billion as of Monday, he ranks among the wealthiest individuals in the world and remains a dominant figure in both technology and media investment circles. His son, David Ellison, serves as chief executive of Paramount Skydance, strengthening the strategic and financial ties between Ellison and Paramount’s leadership. Market analysts say this family connection, combined with Larry Ellison’s personal financial backing, could enhance Paramount’s credibility in the eyes of investors and regulators alike.

The Paramount offer remains in direct competition with a rival deal led by Netflix, which earlier in December announced an $82.7 billion agreement to acquire key Warner Bros. assets through a mix of cash and stock. Warner Bros. Discovery’s board has publicly expressed support for the Netflix transaction, describing it as more structured and less risky given Netflix’s established balance sheet and dominant position in the global streaming market.

Nevertheless, Paramount’s aggressive counteroffer, now fortified by Ellison’s $40.4 billion guarantee, reflects the intensifying consolidation sweeping through the entertainment industry. As traditional media companies grapple with declining linear television revenues and rising content costs, large-scale mergers are increasingly seen as a pathway to survival and long-term competitiveness in streaming.

Industry observers note that Ellison’s backing also highlights a broader trend of ultra-wealthy individuals deploying personal capital to influence landmark corporate transactions. By combining financial firepower with strategic oversight, such investors are reshaping how major deals are structured and financed. If completed, the Paramount–Warner Bros. Discovery deal would rank among the largest media buyouts in history, with far-reaching implications for content ownership, distribution, and the balance of power in the global entertainment ecosystem.

Ultimately, the decision rests with Warner Bros. Discovery shareholders, who must weigh the relative merits of Paramount’s Ellison-backed proposal against Netflix’s competing bid. Factors such as financing certainty, regulatory risk, strategic alignment, and long-term value creation will be central to that assessment. Analysts expect the coming months to be decisive, as further regulatory filings, negotiations, and possibly revised offers shape the outcome of this high-profile corporate showdown.

Nigerian Artists Generate $395m from Tours and Live Shows as Concerts Dominate Music Revenues

  • dollaers
  • December 21, 2025
  • Entertainment
  • 0 comments

Nigerian musicians earned an estimated $395 million from touring and live performances in 2024/2025, underscoring the central role of concerts, festivals, and global tours as the dominant revenue engine within the country’s fast-growing music industry. The figures highlight how physical performances continue to outperform digital income streams, even as Nigerian music enjoys unprecedented international reach.

The data are drawn from Basslines to Billions: Nigeria’s Music Market Intelligence Report, a landmark industry study that combines financial analysis with cultural insights to quantify the economic value of Nigeria’s music ecosystem. The report represents one of the most comprehensive attempts yet to map the revenue structure, employment impact, and global value chain of Nigerian music.

The publication was produced through a collaboration between the National Council for Arts and Culture and RegalStone Capital, and offers rare visibility into how artists, promoters, platforms, and intermediaries capture value across the industry.

Live performances remain the biggest money-spinner

According to the report, live events accounted for approximately 66% of total artist earnings, confirming that ticketed shows remain the most reliable source of income for Nigerian musicians. This strong contribution reflects rising consumer appetite for live entertainment at home, as well as the expanding global touring footprint of Afrobeats stars across Europe, North America, and other international markets.

Major tours, festival appearances, and sold-out arena shows by globally recognised artists such as Wizkid, Burna Boy, and Davido have helped elevate live performance revenues to levels previously unseen in the Nigerian music scene. Promoters and industry insiders note that international ticket prices, sponsorship deals, and merchandise sales significantly boost earnings compared to domestic shows alone.

By contrast, digital streaming and virtual platforms generated an estimated $181 million, accounting for about 30% of total industry revenues during the same period. While streaming continues to grow rapidly and has expanded the global audience for Nigerian music, it remains a secondary income source for most artists when compared with touring.

Radio’s changing role in the revenue mix

Industry operators say the growing dominance of live and digital revenues has reduced the direct financial influence of traditional radio airplay. Chris Ubosi, Managing Director of Megaletrics Ltd, operators of Classic FM 97.3, The Beat 99.9 FM, and Naija FM 102.7, explained that Nigeria’s radio royalty system lacks the transparency and data-driven precision found in more mature markets.

According to Ubosi, radio stations typically pay fixed annual licensing fees to collecting societies rather than royalties tied to verifiable airplay metrics. As a result, radio exposure does not directly translate into measurable earnings for artists.

Despite this, radio continues to play a critical discovery and promotional role. Ubosi described radio as a powerful entry point for new music, particularly for emerging acts seeking nationwide exposure. He added that even global stars still engage radio through premieres, interviews, and station takeovers to maintain audience connection.

Global touring contracts reshape local dynamics

Collaboration between radio, local promoters, and live event platforms has become more complex as Nigerian artists integrate deeper into global touring circuits. Ubosi noted that many leading acts are now signed to international touring companies such as Live Nation, which prioritise overseas schedules and revenue optimisation.

These arrangements often limit the availability of top artists for domestic shows and restrict how local promoters can advertise or book them. While this has boosted foreign earnings, it has also altered the structure of Nigeria’s local live performance market.

How artists earn across revenue streams

From a talent management perspective, Osita Ugeh, CEO of Duke Concept Entertainment, said the income distribution outlined in the report broadly mirrors industry realities. He estimates that, on average, about 60% of artist income comes from touring and live performances, around 20% from streaming, and 5–10% from brand partnerships and sponsorships.

He noted that the mix varies widely by artist. Some performers achieve exceptionally strong streaming numbers, while others derive greater value from touring, endorsements, and brand positioning. “The revenue mix is never uniform,” he said, pointing out that scale, genre, audience demographics, and international reach all play major roles.

Industry outlook

The report estimates that Nigeria’s music industry was worth approximately N901 billion (about $600 million) in 2024, and projects that it could grow to N1.5 trillion (around $1 billion) by 2033 as the ecosystem matures.

Platform-specific disclosures underline streaming’s growing contribution. According to Spotify’s 2024 Loud & Clear report, Nigerian artists earned over N58 billion in royalties in 2024, more than double the previous year’s figure. Nigerian music was discovered by first-time listeners over one billion times globally, reinforcing the genre’s expanding international appeal.

Together, these trends show an industry where global touring, digital reach, and cultural export continue to redefine how Nigerian music generates value—placing live performances firmly at the centre of artist earnings.

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