March 13, 2012
Oil rich Nigeria may be best known for political upheavals and brutal civil wars, though over the past twenty years the country has given birth to a thriving film industry. New York Times Magazine contributing writer Andrew Rice explains that what started out as a surplus of blank VHS tapes has grown into what is now called Nollywood; the world’s third largest movie business. Nollywood films now suffer from the same issues faced by Hollywood and Bollywood; piracy and escalating production costs.
The budget for Disney’s “John Carter” was about five thousand times that of the average Nollywood film, which is probably why a $100 million worldwide opening is seen as a bit of a disappointment. Directing his first live-action film, Pixar veteran Andrew Stanton seems to be getting most of the blame for the movie’s lack of success, though it just as easily could be pinned on a studio full of senior executives that lacked experience producing big blockbusters.
Speaking of pricey failures, Fox canceled its sci-fi series “Terra Nova”. Producers hope the show will be picked up by another network, though at $4 million per episode few can afford it.