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Chinese cinema sees box office records broken

Chinese cinema sees box office records broken
November 23, 2017

China’s cinema industry has enjoyed a record year with box office takings having now passed the symbolic landmark of RMB50 billion (US$7.5 billion).

More than 1.45 million tickets have been purchased since the start of the year according to statistics provided by the National Film Ticketing Integrated Information Management System.

With more than a month until the end of the year, Chinese cinemas have already out-performed 2016, when RMB45.5bn was generated. This year’s gross data has not been adjusted to exclude the fees levied by online ticketing agencies.

The country’s combined box office income during 2017 is set to total US$8.3 billion according to figures released at the recent 19th Communist Party of China (CPC) National Congress by Zhang Hongsen, the Minister responsible for media and culture.

Prior to the restructuring of the film industry in 2001/02, China’s box office was less than RMB1 billion. The 2017 data shows Chinese films enjoying a 52% market share.

30th October 2017 - CONSTRUCTION COMMENCES ON NEW BEIJING 2022 OLYMPIC VENUES

9th February 2015 - HOYTS CINEMAS SOLD TO CHINESE-BACKED ID LEISURE VENTURES

30th August 2014 - OFFICIAL DEBUT OF THX IN CHINA LAUNCHES A NEW ERA OF MOVIE-VIEWING

1st August 2014 - SHANGHAI FILM CORP TO BUILD 19 IMAX CINEMAS ACROSS CHINA

18th March 2014 - CHINA ON THE EDGE OF LEISURE BUILDING EXPLOSION 

7th January 2014 - CHINA’S WANDA GROUP COMMITS TO BUILD UP TO 120 NEW IMAX SCREENS BY 2021 


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We hope that you value the news that we publish so while you're here can we ask for your support?

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