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'We lose N450m to piracy'

25 March 2015, 12:03

Lagos - Gabriel Okoye, the President of  Gabosky Film Incorporated said the company lost an estimated N450 million to pirates on four films.

He said in Lagos that piracy has become  a major threat to the film industry.

Okoye, who said his company  had  been distributing popular films,  lamented that the business was being negatively affected  by the activities of pirates.

He listed the movie producers, who had  lost huge sums to piracy, to include Kunle Afolayan whose Phone swap lost N100 million while Ali Balogun’s  Tango with Me lost N150 million.

Others are Yewande Sadiku, who produced  Half of a Yellow Sun and lost N150 million while Obi Emelonye, who produced Onye Ozi  lost N50 million.

According to him, the movies were supposed to be distributed by his company but were hijacked  by pirates even before they were released.

He, however,  appealed to Nigerians to stop buying  pirated movies.

According to him, the original copy of any movie can be obtained at designated distribution centres across the country.

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