Sunday, December 15, 2019

CHINESE BOX OFFICE WAY UP — MOSTLY DUE TO MORE U.S.-MADE FILMS

December 19, 2012 by · Leave a Comment 

China’s agreement last February to allow 14 additional Hollywood films to be screened in its theaters — provided that they are issued in 3D or IMAX formats — has clearly proved to be a mixed blessing for the Chinese movie business. On the one hand, according to a Xinhua news agency report appearing in the English-language China Daily, by November 30 the Chinese box office was up 9 percent over all of 2011 to $2.3 billion. However, it noted, ticket sales for Chinese films were down 4.3 percent while those for “imported” productions were up 90.4 percent — despite the fact that China produced 686 films in the first eleven months of the year, versus 558 for all of 2011. A total of 34 foreign (mostly American) films were released in China this year, accounting for 65 percent of the Chinese box office. Last year 20 foreign films accounted for 45.4 percent of the Chinese box office.