The recent release from Nollywood, ‘The Betrayed’, has garnered remarkable box office success, amassing N24 million within just 10 days of its debut. Produced by Inkblot Productions, this film has swiftly emerged as a significant favorite in Nigerian cinemas.

As of Friday, August 9, 2024, ‘The Betrayed’ reported earnings of N14.7 million, as per the data provided by the Cinema Exhibitors Association of Nigeria (CEAN).

However, the film's popularity experienced a notable increase over the weekend, culminating in a total gross of N23.8 million by Sunday, August 11, 2024.

This impressive performance has secured ‘The Betrayed’ the top position among Nollywood films at the box office during this timeframe.

The film is helmed by Zulumoke Oyibo, a co-founder of Inkblot Productions, representing her inaugural venture into directing. The screenplay, developed by Chinaza Onuzo and Tosan Ayanfulu, has struck a chord with viewers, highlighting the film’s captivating storyline and its insightful examination of themes such as trust, betrayal, and the quest for truth.

The Betrayed boasts a talented ensemble cast, featuring Uche Montana, Gabriel Afolayan, Adunni Ade, Ibrahim Suleiman, Jemima Osunde, Vine Olugu, and Stephanie Zibili, whose performances have garnered significant acclaim.

The narrative revolves around Amarachi, portrayed by Uche Montana, whose seemingly perfect life is disrupted when her husband, played by Gabriel Afolayan, is apprehended for the murder of his mistress.

As the story progresses, Amarachi becomes entangled in a intricate network of lies and hidden truths, compelling her to reevaluate her understanding of reality.

The film's gripping plot, coupled with a talented ensemble cast, has positioned it as a highlight in Nollywood's offerings for 2024. This year has proven to be fruitful for Nollywood at the box office, with numerous films achieving remarkable financial success.

Earlier titles such as Funmilayo Ransom Kuti, Muri, and Ko have collectively amassed around N100 million.

Additionally, local productions like Ajakaju, Lakatabu, and Ajosepo have also seen significant success, contributing to an overall box office revenue exceeding N600 million.

The remarkable success of Nollywood at the box office is evident in its revenue share, which has reached a notable equilibrium with Hollywood, securing 50.05% of the market compared to Hollywood's 45.95% during the first half of 2024.

This balance emphasizes the rising strength and attractiveness of local content to Nigerian viewers. With more than 600,000 cinema tickets sold at an average price of N4,000, the industry's achievements are commendable.

Forecasts for 2024 indicate that Nigerian box office revenue may attain N10 billion by the end of the year, an increase from N7.34 billion in 2023.

This upward trend underscores the growing commercial potential of Nollywood films and the heightened demand for homegrown cinematic offerings among Nigerian audiences.