₦44,180,499) in five days. After the decline of the Golden era, Nigerian film industry experienced a second major boom in the 1990s, supposedly marked by the release of the direct-to-video film Living in Bondage (1992); the industry peaked in the mid-2000s to become the second largest film industry in the world in terms of the number of annual film productions, placing it ahead of the United States and behind only India. It started dominating screens across the African continent, and by extension the Caribbeans and the diaspora, with the movies significantly influencing cultures and the film actors becoming household names across the continent. The boom also led to backlash against Nigerian films in several countries, bordering on theories such as the "Nigerialization of Africa". Since the mid-2000s, during the decline of the video-film era, the Nigerian cinema has undergone some restructuring to promote quality in output and professionalism in the industry, with The Figurine (2009) widely regarded as marking the major turnaround of contemporary Nigerian cinema. There has since been a resurgence in cinema establishments, and a steady return of the cinema culture in Nigeria. As of 2013, Nigerian cinema is rated as the third most valuable film industry in the world based on its worth and revenues generated. History The history of cinema in Nigeria dates back to as early as the history of film itself; notably in the late 19th century, with the use of peephole viewing of motion picture devices. These were soon replaced in early 20th century with improved motion picture exhibition devices; the first set of films shown in Nigerian theatres were Western films, with the first film screened at Glover Memorial Hall in Lagos from 12 to 22 August 1903. In that year, Herbert Macaulay had invited to Nigeria, the Balboa and Company, Spain to organize an exhibition tour of silent films in Nigeria. Although Mr Balboa later closed his exhibition in Lagos, while he continued showing films in other West African countries, the success of his exhibition led to a European merchant, Stanley Jones, to begin showing films in the same Glover Memorial Hall, starting from November 1903. This brought about the influx of more European film exhibitors to Nigeria. The first film hit in this early period came on 3 August 1904, when the documentary on the visit of the Alake of Abeokuta to England was screened. Colonial era (late 19th century