Movie producer Socrates Sarfo admits that he contributed to the failure of the movie industry.
According to the outspoken industry player , Ghanaian movie industry has experienced a decline in profit margins over the years .
He made this revelation in an interview on accra based radio station , Hitz FM.
“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 said .
He proceeded by saying that producers at first could sell up to 100,000 copies of movies in the market but today they are unable to sell even 5,000 copies.
He therefore stated that they had learnt their lessons and hoped the young producers or new crop of producers would listen and heed to advice .