China box office smashes summer records, Hollywood contributes little

[MH.Yang]

China box office smashes summer records, Hollywood contributes little

The summer box office in China has reached a new historical high, raking in 17.8 billion yuan ($2.44 billion) as of Friday morning for the 2023 summer movie season, with domestic films performing far better than Hollywood hits such as "Barbie".

www.reuters.com

BEIJING, Aug 18 (Reuters) - The summer box office in China has reached a new historical high, raking in 17.8 billion yuan ($2.44 billion) as of Friday morning for the 2023 summer movie season, with domestic films performing far better than Hollywood hits such as "Barbie".

So far, four films have surpassed the 2 billion yuan benchmark at the box office, another record for the summer film season, including suspense thriller "Lost in the Stars" and crime drama "No More Bets".

It is a highlight for consumption in a year that has witnessed a sluggish recovery in spending by Chinese consumers after the country abandoned its stringent COVID-19 policies at the end of 2022.

According to the China Film Administration, this year's summer film revenue, which covers June to August, has surpassed the previous record of 17.78 billion yuan achieved in 2019.

Despite sports not being a usual hit with Chinese film audiences, "One and Only" - a street dance film about a young man's dream - has broken the record for the highest-grossing domestic sports film in China, earning over 850 million yuan by Friday, according to Alibaba-backed (9988.HK) movie industry data provider Dengta.

Hollywood films did not fare as well.

Margot Robbie-starrer "Barbie", which has performed well in global markets, brought in just 246 million yuan after almost a month on screen. Tom Cruise's "Mission: Impossible–Dead Reckoning Part One" made about 350 million yuan in more than a month of screening.

As of Friday morning, official data revealed that a total of 435 million tickets were sold since June.

 

[MH.Yang]

China is the largest film market in the world.

in 2021, Chinese films grossed CNY47.258 billion (US$6.7 billion).

in 2021, North America grossed US$4.3 billion.

 

[hirobo2]

It's not just China. I weaned myself off Hollywood movies long ago. The last movie I watched in theaters was Avatar 1, that was 14 years ago. Modern Hollywood movies are the suck, too many political correctness. My favorite Hollywood movie actually Supergirl 1984. There's not a single person of color in that movie so reminscient of the times when America was actually great!

 

[NooriNuth]

I used to watch Disney and Pixar movies . Developed a taste for those, due to kids.
But now because of forced and unannounced LGBT brainwashing in their movies, i haven't watched any latest releases.

 

[Hamartia Antidote]

China is the largest film market in the world.

in 2021, Chinese films grossed CNY47.258 billion (US$6.7 billion).

in 2021, North America grossed US$4.3 billion.

uh-huh..Chinese math again.

in 2022 the US box office was $7.737B while China's was a pathetic $957M

in 2020 the US Box Office was $2B while China's was $1.7B

in 2019 the US Box Office was $11B while China's was $9B

So far in 2023 the US is $6.7B...and China is what again??

 

[MH.Yang]

in 2022 the US box office was $7.737B while China's was a pathetic $957M

in 2020 the US Box Office was $2B while China's was $1.7B

in 2019 the US Box Office was $11B while China's was $9B

China is in lockdown in 2022 because of the COVID epidemic.

Do you have to use 2022 data for comparison?

Okya, congratulations to the US for beating China at the box office in 2022.

 

[Hamartia Antidote]

China is in lockdown in 2022 because of the COVID epidemic.

Do you have to use 2022 data for comparison?

Okya, congratulations to the US for beating China at the box office in 2022.

You beat us like 1 year out of 100 and now suddenly you are king? Congratulations for beating us during our Covid year where we only did $4B instead of our usual $10B plus. What a weak win.

in 2018 the US Box Office was $11.2B while China's was $8.9B

in 2017 the US Box Office was $11B while China's was $8B

in 2016 the US Box Office was $11.3B while China's was $6.5B

in 2015 the US Box Office was $11.1B while China's was $6.5B

in 2014 the US Box Office was $10.3B while China's was $4.1B

 

[MH.Yang]

You beat us like 1 year out of 100 and now suddenly you are king?

in 2018 the US Box Office was $11.2B while China's was $8.9B

in 2017 the US Box Office was $11B while China's was $8B

in 2016 the US Box Office was $11.3B while China's was $6.5B

in 2015 the US Box Office was $11.1B while China's was $6.5B

in 2014 the US Box Office was $10.3B while China's was $4.1B

2019？2020？2021？

 

[Hamartia Antidote]

2019？2020？2021？

in 2022 the US box office was $7.7B while China's was a pathetic $957M

in 2021 the US Box Office was $4B while China's was $6B

in 2020 the US Box Office was $2B while China's was $1.7B

in 2019 the US Box Office was $11B while China's was $9B

You only won a single year...good job

for 2023 I think you are currently at below $6B while the US is close to $7B...and this is a boring year with no major movies..other than wacky Barbie.

 

[MH.Yang]

in 2022 the US box office was $7.737B while China's was a pathetic $957M

in 2021 the US Box Office was $4B while China's was $6B

in 2020 the US Box Office was $2B while China's was $1.7B

in 2019 the US Box Office was $11B while China's was $9B

You only won a single year...good job

for 2023 I think you are currently at below $6B while the US is close to $7B.

China's film gross for the first 8 months of 2023 was 47.758 billion CNY ($6.56 billion).

May I ask what the US did in the first 8 months?

 

[Hamartia Antidote]

China's film gross for the first 8 months of 2023 was 47.758 billion CNY ($6.56 billion).

May I ask what the US did in the first 8 months?

$6.79B

Domestic Yearly Box Office

www.boxofficemojo.com

 

[MH.Yang]

$6.79B

Domestic Yearly Box Office

www.boxofficemojo.com

View attachment 952861

I seem to have forgotten to count the Hong Kong and Macau box office.

okya, let's wait until the end of 2023 to see who is the biggest film market in the world.

 

[Hamartia Antidote]

I seem to have forgotten to count the Hong Kong and Macau box office.

okya, let's wait until the end of 2023 to see who is the biggest film market in the world.

1.4Billlion people struggling to surpass 331M people even with a year of overwhelmingly Chinese movies at the Box office.

 

[Hamartia Antidote]

There's not a single person of color in that movie so reminscient of the times when America was actually great!

True, there were no Asians in it.

 

[nang2]

You beat us like 1 year out of 100 and now suddenly you are king? Congratulations for beating us during our Covid year where we only did $4B instead of our usual $10B plus. What a weak win.

in 2018 the US Box Office was $11.2B while China's was $8.9B

in 2017 the US Box Office was $11B while China's was $8B

in 2016 the US Box Office was $11.3B while China's was $6.5B

in 2015 the US Box Office was $11.1B while China's was $6.5B

in 2014 the US Box Office was $10.3B while China's was $4.1B

Interesting numbers. Between 2014 and 2018, China's box office doubled while US counterpart increased 10%.