At the peak of the video era at around 2008, the industry had become the second largest producer of films, releasing approximately 200 video films monthly. However at this point, the Nigerian film industry had practically degenerated into a "visionless" industry, with the invasion of several people who do not know a thing about filmmaking, and piracy was at its peak. Dealing with the menace of piracy, amongst other problems, became a hard nut to crack; as a result of this, most investors of the ""Alaba cartel"", who control almost 90 percent stakes in the video industry, began to channel their money into other business ventures instead. The decline of the Home video era has been attributed to several factors, such as the refusal of the Government to provide support and funding, the lack of a formal and effective indigenous film distribution infrastructure and the increase in the cost of production in Nigeria.