Local Films Revenue Drops | NFVF Mid-Year Report
The National Film and Video Foundation (NFVF), an agency of the Department of Arts and Culture, has released the South African box office report for the first half of 2015. The box office report is a collation and analysis of data on the performance of films released in South Africa.
The report shows that in the first half of 2015, a total of 121 feature films were released at the South African box office with a total gross of over R548 million (up to 28 July). Local productions generated over R28 million in revenue, taking 5% of the market share.
However, when compared to the same period in 2014, local productions fell from the R33 million to R28 million, a 15 percent drop.
The drastic drop that can be attributed to fewer films being released, as there were only eight films released in the first half of 2015, compared to 12 in 2014.
According to the figures, Fast & Furious 7 earned R72 million, while Avengers: Age of Ultron and Jurassic World took R40 million each, making them the highest earners in the country so far.
The top three local films were Ballade vir 'n Enkeling at R7.9 million, followed by Mooirivier at R5.7 million, and Strikdas with R4.2 million.
The report also revealed that Comedy and Romance were the most popular genre in the first half of the year with 33% and 29% respectively. At 28% was the Mystery genre, followed by Drama at 10%.
According to NFVF the tide might still turn. The second half of 2015 is promising for the South African film industry and consumers, with the release of some local productions which have won local and international festivals awards.
The release of Ayanda - winner of the LA Film Festival jury award; and Necktie Youth, Durban International Film Festival’s (DIFF) best South African feature award winner and the recipient of the international jury award for best director, might boost the local production ticket sales.
NFVF is anticipating a good turnout for the releases of Tell Me Sweet Something, Love the One you Love, and the recently released Thina Sobabili, Impunity and Schuks Pay Back the Money.
According to the figures, Fast & Furious 7 earned R72 million, while Avengers: Age of Ultron and Jurassic World took R40 million each, making them the highest earners in the country so far.
The top three local films were Ballade vir 'n Enkeling at R7.9 million, followed by Mooirivier at R5.7 million, and Strikdas with R4.2 million.
The report also revealed that Comedy and Romance were the most popular genre in the first half of the year with 33% and 29% respectively. At 28% was the Mystery genre, followed by Drama at 10%.
According to NFVF the tide might still turn. The second half of 2015 is promising for the South African film industry and consumers, with the release of some local productions which have won local and international festivals awards.
The release of Ayanda - winner of the LA Film Festival jury award; and Necktie Youth, Durban International Film Festival’s (DIFF) best South African feature award winner and the recipient of the international jury award for best director, might boost the local production ticket sales.
NFVF is anticipating a good turnout for the releases of Tell Me Sweet Something, Love the One you Love, and the recently released Thina Sobabili, Impunity and Schuks Pay Back the Money.
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