How movie producers spend ‘Netflix’ money – The Basketmouth Exposé

 

Basketmouth has exposed how many Nollywood producers splash ‘Netflix’ money on cars and houses.

He accused them of mismanaging funds provided by streaming platforms for movie productions

How Nollywood producers mismanage funds — Basketmouth

In an interview on Arise TV, Basketmouth claimed that many producers allocate only a fraction of the budget – as little as 10% – towards actual movie production, while diverting the remaining funds to finance their personal lifestyles.

According to Basketmouth, streaming platforms eventually discovered the deceit and began paying actors directly. However, producers allegedly found a way to circumvent this by demanding that actors return half of their earnings.“When the streaming platforms came in, they gave money to these producers, and I’ll tell you point blank: these producers would take the money $1.5 million or whatever they give them and use about 10% of that money to make the movie.”

“Even to the point where the streaming platforms stepped in and said, ‘You know what? We are going to be paying the actors directly,’ these guys would still go behind and tell the actors to pay half of that money back to them. You can verify the information anywhere.”

“So, when you do that and expect your movie to be 100%, it can’t. It’s impossible. But these guys? They’ll cut, buy houses, buy cars. And that’s why when you see our movies, some of our epic movies look like stage plays.”