Nigerian millennials spent more on cinemas than Netflix in 2018

Data from REACH show that young people still prefer movie theatres to streaming services.  

Nigerian millennials spent more on cinemas than Netflix in 2018
  • Last year, Nigerian millennials chose cinemas over Netflix as the preferred source of entertainment.
  • However, young people spent their money more frequently on Netflix than Silverbird Cinemas.
  • Their counterparts, Kenya millennials, prefer video streaming platforms like ViuSasa and Netflix to cinemas.

REACH, a personal finance app, has released its 2018 report - "Kenya Vs. Nigeria, 2018 Year In Review."

After analysing mostly young African consumers, the report found that Nigerian millennials chose cinemas over Netflix last year. They preferred spending their money at cinemas to subscribing to the streaming platform.

The review showed that the preferred top three sources of entertainment for people between the ages of 28 to 34 last year were;

  • Multichoice
  • FilmHouse Cinemas
  • Genesis Deluxe Cinemas

Despite choosing movie theatres over streaming, Nigerian consumers were extremely picky about which cinemas they went to.

The millennials surveyed for the review spent their money more frequently on Netflix than Silverbird Cinemas, making the latter the least prefered source of entertainment for Nigerian moviegoers.

Among Kenyan millennials, the reverse is the case as the survey showed that video streaming platforms like ViuSasa and Netflix have displaced Century Cinemax and Multichoice.

Here is a list of the top 10 things Nigerian millennials spent their money on in 2018: 

  • Bills and utilities - GTB is the bank of choice for millennials for bills, utilities and bank charges.
  • Bank charges
  • ATM - First Bank is the top vendor here.
  • Transfer - GTB was used the most for transfers.
  • Transport - Young Nigerians spent more on taxi transactions (Uber and Taxify) than gasoline purchases at filling stations. This is unlike their Kenya counterparts who spent more at filling stations. 
  • Restaurants - Chicken Republic leads here, followed by Dominos, The Place, Tastee Fried Chicken and Kilimanjaro.
  • Grocery - Young Nigerians spent most of their money at Shoprite.
  • Online shopping - Paystack is the leading biller.
  • Entertainment

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

Why do guys still masturbate when they have girlfriends?

Why do guys still masturbate when they have girlfriends?

5 things you should never do to please a woman

5 things you should never do to please a woman

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

British MP claims she didn't know her flat was owned by the Kenyatta family

British MP claims she didn't know her flat was owned by the Kenyatta family

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

I spent Sh800K - Vera speaks on begging for money to fund lavish Baby shower

Shika Simu yangu bro, we need you - Eric Omondi begs Eddie Butita

Shika Simu yangu bro, we need you - Eric Omondi begs Eddie Butita

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]