Invest in Films to Earn Royalties, Bolaji Ogunmola Advises Actors
Nollywood actress Bolaji Ogunmola has advised her colleagues in the film industry to consider investing in movie projects as a way to earn royalties and create sustainable income streams.
According to Ogunmola, actors often rely solely on upfront payments for their roles, missing out on the long-term financial benefits that come from owning a stake in the films they work on. By investing in productions, actors can share in profits and royalties, ensuring continued earnings as films generate revenue over time.
She stressed that this approach not only secures financial stability but also encourages actors to take a more active interest in the success of projects they participate in. “When you have ownership, you care more, and you also benefit more,” she said.
Ogunmola’s advice comes at a time when discussions around fair compensation, royalties, and revenue sharing are gaining traction in Nollywood. Industry stakeholders are increasingly exploring models that reward creatives beyond initial performance fees.
The actress urged emerging and established actors alike to be financially savvy, consider investment opportunities, and leverage their talent for long-term gains.
Her comments highlight a shift toward more business-minded approaches within the Nigerian film industry, aiming to empower actors and creators to benefit from their contributions beyond the camera.
