Cinema Box Office Revenues In South Africa Drops By R1.2 billion (US$82.8 million)
According to a recently released South African box office report by the National Film and Video Foundation (NFVF), cinema box office revenue plunged by R1.2 billion (US$82.8 million) to (US$14.7 million) compared to 2019.
Back in 2019, South Africa had released 190 titles, generating R1.2 billion (US$82.8 million). In 2020, there was a massive drop with only 96 films released at the box office, of which only 6 of those were locally produced. This was due to the pandemic's economic shutdown, which saw cinemas and the TV and film industry struggling, resulting in the lowest box office earnings in over a decade. The locally produced 6 films had a market share of merely 3.5%, a total of R7.6 million (US$ 524 669) in monetary value.
From the 6 films, Afrikaans films had the highest earnings, with "Vergeet My Nie" running for 6 weeks on 53 screens and earning R3.71 million (US$ 256 145), half of the total market share earnings. "Toorbos" came second place with a revenue of R1.48 million (US$ 102 182). Poppie Nongena ran for 4 weeks on 42 screens and earned R1.71 million (US$ 118 063).
Many of the 2020 films planned for release were rescheduled to 2021 release dates, while others took on a different form of distribution by being release on Video-On-Demand (VOD) platforms like DSTV BoxOffice. According to reports, Ster-Kinekor entered into a voluntary business rescue at the beginning of 2021, while independent cinemas are still struggling to make earnings.