Oscar Awards: Nollywood is Standing Tall without Nominations

| January 25, 2013 | 0 Comments


Oscar Awards: Nollywood is Standing Tall without Nominations

 A Nollywood without Oscar nominations in 2013  

When Hollywood announced its 2013 Oscar Award nominations earlier this month, it was said that many Nollywood stars braved the time difference and were wide awake to hear the nomination row-call. When it came to nominations for Best Foreign Language Films, no single Nollywood or Nigerian movies were nominated. Some of the Nollywood stars were said to be little disappointed by Hollywood for not giving Nollywood its due respect or ‘props’ as she mightily deserved.

In profitability and superb organizational structure, Hollywood runs supreme. As noted by Slate: In 2004, “the six major studios—Disney, Fox, Warner Bros., Paramount, Universal, Sony, and their subsidiaries—had total revenues of $7.4 billion from world box-office sales, $20.9 billion from world video sales, and $17.7 billion from world television licensing.”  Hollywood is very profitable and entertaiment industry gives United States its second largest foreign revenue. And Hollywod cultural influence, as a leverage for soft power cannot be overemphasised. 

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Category: Entertainment