Nigeria, Aug. 13 -- Veteran Nigerian actress, Idowu Philips (popularly called Iya Rainbow) has attributed the dwindling sales of home videos to the advent of social media and the internet.

The actress said this at an event in Ibadan organised to kick off the launch of a series of events to celebrate her 77th birthday in October.

"The advent of the internet has really affected the sale of our home videos and CDs and this is one of the reasons why many actors, actresses, and producers are in serious debts after producing home videos," she noted.

"You will see a situation where someone spent N2m for a film and N600,000 in returns because the film has been uploaded on the internet before the film even goes on sale.

"We need to save our fi...