“Black Panther” is Also Breaking Box Office records In Africa


As you might have heard, Black Panther is a massive, record-breaking box office sensation.

Through Monday, the Marvel Studios release has earned $242.2 million domestically, the second best, four day return ever for a feature film, behind only Star Wars: The Force Awakens.

Internationally, Black Panther is also a giant blockbuster, earning $184.6 million through Monday and that before the film has premiered in China, Japan, and Russia, three biggest markets in the world.

The film has become a watershed for movies starring black actors, dismantling the myth in Hollywood that they aren’t financially successful internationally. It is also an unprecedented hit fro a film set in Africa- in Black Panther‘s case the fictional nation of Wakanda, but still emphatically set within the continent.
So it’s perhaps not that surprising that Black Panther also broke several box office records in Africa. Disney  confirmed to BuzzFeed News that the film earned the third biggest opening weekend in South Africa (behind 2015’s Furious 7 and 2017’s The Fate of the furious), and set new opening records in the film distribution territories of West Africa(each consisting of several countries)
The amounts of those records are fractions of what Black Panther has earned elsewhere in the world; it was 41.4 million in West Africa, roughly$400,000 and in East Africa, roughly $300,000.
Those figures indicate both how small and how new market sub-Saharan Africa remains for Hollywood features. For example, in Nigeria, which features a robust filmmaking industry known as Nollywood, many movies historically premiered either on television or direct to home video, bypassing theatrical distribution entirely.

Much like Black Panther’s impact elsewhere, however, the film has created a new model for how Hollywood could roll out its feature films in major African markets – and smaller ones, too.

Comments

Popular posts from this blog

Health Benefits of Masturbation

Differences between a Tourist and a Backpacker

Alleged N4.478billion contracts fraud