Stand-up comedian Basketmouth has accused Nollywood producers of misusing funds provided by streaming platforms.
He claimed that producers take a significant portion of the budget for personal gain, rather than using it for film production.
According to Basketmouth, producers would receive $1.5 million or more from streaming platforms but only use about 10% of that amount to make the movie.
He also alleged that producers pressure actors to return part of their earnings, even when streaming platforms pay them directly.
In an interview with Arise TV, Basketmouth said: ‘’There was a lot of money in the movie industry when these streaming platforms came in.
“They gave money to these producers. These producers will take the money, $1.5million or whatever they gave them, they would use about 10% of that money to make the movie. They are listening! They cannot deny it. I cannot call names but you know yourselves.”
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