Movie producer and board member of Zylofon Art Fund, Socrates Sarfo, has claimed that he contributed to the demise of the movie industry.
Local movie producers say the Ghanaian movie industry has seen a decline in profit margins over the years.
Speaking on Accra-based Hitz FM the popular producer said: “we gave a film like Ghost tears to GBC and they gave us advert to advertise our new movie. Instead of going to pay for it, we thought it was cheaper for us, we were so smart that we are outsmarting the TV stations, so they will give us advert and give us money and advertise our new movie, that was what we did and everybody jumped on it and what happened? the TV stations started owning the films”.
He adding that producers “used to sell 100,000 copies in the market and today they are not able to sell 5,000 copies.”
He, however, stated that they had learnt their lessons and wished the young producers would listen to advice.