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

[KAMDEV]

I thought Indian movies are beating all other in China

They are giving restricted entry for few films only every year .

 

[haidian]

They are giving restricted entry for few films only every year .

Doesn India give unlimited entry for the Chinese movies?

 

[patero]

What's more important is the total global box office which Hollywood films dominate. Chinese films only appeal to it's domestic market, there hasn't for example been a Chinese produced film break $1 billion US yet, 36 Hollywood produced films have passed that mark to date.

 

[KAMDEV]

Doesn India give unlimited entry for the Chinese

There is no restrictions.

 

[Place Of Space]

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.

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

I watched Operation Red Sea and Detective Chinatown in cinema and watched Monster Hunter 2 at home.

 

[F-22Raptor]

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

Chinese films can't even break $1B. Infinity War just broke $2B globally a couple months ago.

Marvel is a global phenomenon...what does China have to offer? Wolf Warrior 3?

 

[TaiShang]

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

I hope a similar development in automobile (especially in sedans as I do not see much problem on the side of SUVs. China SUVs have become real competition killers).

@Kai Liu

 

[haidian]

We are talking about the trend, once China becomes the richest country, every first should come with it.

 

[Kai Liu]

I hope a similar development in automobile (especially in sedans as I do not see much problem on the side of SUVs. China SUVs have become real competition killers).

@Kai Liu

Yep. If domestic brands do better in sedans, say, 2/3 of our domestic market, which is 30*2/3=20 million will be Chinese brand cars.

 

[Baby Leone]

China is big and lucrative market i dont know when Pakistani Film, makers take benefit of it and start dubbing Pakistani movies in Chinese language even indians have started to do that and the miracles happen in indian films earnings.

 

[kankan326]

Chinese films can't even break $1B. Infinity War just broke $2B globally a couple months ago.

Marvel is a global phenomenon...what does China have to offer? Wolf Warrior 3?

Partly because Hollywood movies have a big advantage Chinese movies don't have: English.

Another reason is: People all over world can easily understand movies with western culture background because western culture has been dominating world for centuries.

 

[Hamartia Antidote]

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.

Monster Hunt was in US theaters...unfortunately it sucked and only made $32,760. That may set the record for the lowest grossing movie.

 

[Adam WANG SHANGHAI MEGA]

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.

The US government can restrict the opening of the Confucius Institute of China in US. Is the US government afraid of the Confucius Institute?
The Chinese government can of course restrict foreign films. Don't forget that there is a cultural exception clause in the trade rules but of course,Trump made it clear that for US ,there is no rules.

If the Chinese government is willing, China can completely ban American movies.

Looking at history, we know that Americans have been invading other countries, including China. Has China invaded the United States?

The Chinese in American movies are always spies or conspirators or thieves. These are the national propaganda of the United States, which is why American movies are not liked by Chinese people any more, because educated Chinese people originally thought that American is a democratic and just country, but watching Hollywood movies knows: American Hollywood movies are all to promote the United States propaganda and all Chinese in American movies are villains.

The Chinese are tired of the Hollywood model: cool fictional technology, American self-sacrifice to save the world, Chinese and russians are villains, the United States has love and democracy, and other countries must obey American leadership,God is on US side....

 

[Feng Leng]

The US government can restrict the opening of the Confucius Institute of China in US. Is the US government afraid of the Confucius Institute?
The Chinese government can of course restrict foreign films. Don't forget that there is a cultural exception clause in the trade rules but of course,Trump made it clear that for US ,there is no rules.

If the Chinese government is willing, China can completely ban American movies.

Looking at history, we know that Americans have been invading other countries, including China. Has China invaded the United States?

The Chinese in American movies are always spies or conspirators or thieves. These are the national propaganda of the United States, which is why American movies are not liked by Chinese people any more, because educated Chinese people originally thought that American is a democratic and just country, but watching Hollywood movies knows: American Hollywood movies are all to promote the United States propaganda and all Chinese in American movies are villains.

The Chinese are tired of the Hollywood model: cool fictional technology, American self-sacrifice to save the world, Chinese and russians are villains, the United States has love and democracy, and other countries must obey American leadership,God is on US side....

The reason why they think God is on their side is because they have not yet been brought to justice for their crimes against Native Indians. When they are brought to justice, they will know they were protected all along not by God but by the opposite.

 

[sweetgrape]

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

Free market access? hehe, what a big joke. let's talking about trade war, and restriction on Huawei, so-called Nation security, American is qualified to talk about free market?

Don't come to China market, you should know that the American companies in China can make some jobs, you Trump and normal American want the job stay in USA, so stay away from China market.

Hypocritical American and western!