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Chinese films overtake Hollywood at the box office in the first half in China

Discussion in 'China & Far East' started by haidian, Aug 1, 2018.

  1. haidian

    haidian SENIOR MEMBER

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    Chinese films overtake Hollywood at the box office in the first half

    Domestic films account for 60 per cent of the US$2.85b in film ticket sales during the first six months of the year

    Tuesday, 03 July, 2018, 5:03am

    Domestic films accounted for 60 per cent or 19 billion yuan (US$2.85 billion) of the 32 billion yuan box office revenue in the first six months of the year, according to figures from Ent Group, which compiles industry data.

    China smashes world monthly box office record, as February takings top US$1.57 billion
    During the same period last year, foreign films accounted for around 61 per cent of China’s box office or 16.7 billion yuan, compared to around 13 billion yuan this year.

    [​IMG]
    Chinese films’ ticket sales also jumped 80 per cent year on year in the first half of 2018.



    The top three highest grossing Chinese films during the period were all screened on February 16 – the first day after the Lunar New Year – a traditional golden period.

    Operation Red Sea, Detective Chinatown 2 and Monster Hunt 2 made 3.6 billion yuan, 3.4 billion yuan and 2.2 billion yuan, respectively.

    “After a brief blip at the box office, China’s film industry is booming again,” said Gary Guo, head of A-share media and internet at HSBC Qianhai Securities. “Audiences are flocking to cinemas to watch a wider range of quality big-budget domestic films, which can now compete on level terms with the latest imported Hollywood blockbusters.”

    China is also among the fastest-growing film markets in the world. And in May it overtook North America in ticket sales.

    With around 900 million visits to cinemas across the country in the first six months this year, the country has long been a lucrative battle ground for Hollywood studios, including Warner Brothers and Universal Pictures that are behind blockbusters such as Ready Player One and Jurassic World.

    However, domestic productions have been increasingly eating into the share of foreign studios in recent years, with the increase helped not only by better quality of domestic films but also through their skilful use of simple storylines and dazzling action scenes – factors that have proved to be a big draw for film goers in China’s lower tier cities, said analysts.

    For instance, Wolf Warrior 2, a patriotic action film that raked in US$870.3 million last year, became the highest grossing film ever in China with most of the viewers coming from lower tier cities.

    “The number of viewers from third or lower tier cities has increased,” said analysts at Tianfeng Securities in a note on Monday, adding that overall box office contributions from audiences in these places accounted for 43 per cent of the overall revenues during the first half of the year.

    https://www.scmp.com/business/china...ilms-overtake-hollywood-box-office-first-half
     
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  2. sunstersun

    sunstersun FULL MEMBER

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    Sure, what would happen if there weren't any restrictions.

    Besides, Chinese producers managed to produce one of the biggest financial flops in movie history this year.
     
  3. xyxmt

    xyxmt ELITE MEMBER

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    I thought Indian movies are beating all other in China
     
  4. Feng Leng

    Feng Leng FULL MEMBER

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    The restrictions are there to protect US investors from wasting more money on flops.

    Alibaba, an American company, produced one of the biggest flops in movie history :rofl:

    The protections didn't help that time :lol:
     
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  5. haidian

    haidian SENIOR MEMBER

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    Some movies rock and some fail, big budget movies are not always successful, that's common sense and happens many times everywhere, as for restrictions, China allows much more American movies into Chinese theaters than US does Chinese.
     
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  6. sunstersun

    sunstersun FULL MEMBER

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    Sure, why don't we trade. China can put as many Chinese movies as they want in the US, and US can do the inverse.

    Course that would never happen.
     
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  7. haidian

    haidian SENIOR MEMBER

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    Good idea, every year US must show some Chinese movies in the theaters and China shows the same number of US movies in Chinese theaters, problme solved.
     
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  8. sunstersun

    sunstersun FULL MEMBER

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    No, we're talking free market access. Anyone can show any number of films.
     
  9. haidian

    haidian SENIOR MEMBER

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    I don't think all Chinese movies can freely go to US market, if you don't show our movies, dont' expect us to show many of yours.
     
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  10. Jf Thunder

    Jf Thunder ELITE MEMBER

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    where can I find them, english dubbed?
     
  11. TheTruth

    TheTruth FULL MEMBER

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    Good. Less Jewish, white supremacist lies for China!
     
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  12. haidian

    haidian SENIOR MEMBER

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    Hollywood movies used to dominate Chinese movie market, not any more, young people are more and more attracted to Chinese domestic movies and that helped China overtake North America and became the biggest movie market by box office value in the world recently.
     
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  13. oprih

    oprih SENIOR MEMBER

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    Good, most hollywood films are crap and full of american propaganda.
     
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  14. qwerrty

    qwerrty SENIOR MEMBER

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    low budget indians and chinese are doing well in china nowadays. it looks like chinese are getting sick of heavy cgi movies now. holywood needs to do more than just blowing sh1t up here and there in their movies :D
     
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  15. haidian

    haidian SENIOR MEMBER

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    Soon Chinese movies may have bigger budget than American ones, Hollywood domination for big budget movies will be over soon.
     
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