The Nigerian film industry continues to struggle with persistent challenges related to intellectual property protection, losing an estimated $6 million annually to piracy.
Many discussions have pointed to the growing demand for Nollywood content, which far outweighs the purchasing power of its audience.
To address this, on-demand streaming platforms like Showmax, Netflix and others reduced subscription fees in 2021. Yet, piracy remains a major issue, undermining efforts to make content more accessible.