The National Film and Video Foundation (NFVF) has released the annual South African Box Office Report. The report gives an overview of the performance of films released in local cinemas.
The report laminates the performance of films released to the South African box office in 2021 by reviewing the total annual revenue and critical drivers of audience consumption and outlines the impact of the Covid-19 pandemic on the South African film industry.
The report also looks at determinants of box office revenue and the trends of films released between 2012 and 2021.
Key findings from the study reveal that South Africa’s box office revenue amounted to over US$19 million for 2021, of which most of the revenue was generated by 10 of the 155 films released in the country – and none of the top 10 films was produced in the country.
The South African film industry produced fourteen (9 per cent) of the 155 films released in cinemas, of which the NFVF partially funded two of the 14 films produced in South Africa in 2021.
The films include Bakarat (comedy/drama) and SanDance (documentary).
The report further indicates that in 2021, 18 South African films were released to the SVOD platforms Showmax, Netflix and the DSTV’s OTT service ‘Box Office’.
According to the NFVF, the revenue of all box office films produced in South Africa fluctuated annually but showed an overall downward trend from US$5.1 million in 2012 to US$3.6 million in 2019.
Due to the impact of the pandemic, 2021 was the worst-performing year and generated only US$153 293.
South African films released during this period declined from 19 in 2012 to 14 in 2021.
However, the NFVF believes that the revenue would have continued an upward trajectory without the impact of the pandemic.