News





China box office surges 35% in first nine months of 2013

Oct 24, 2013

-By Clifford Coonan


China's box-office take was $2.7 billion (16.43 billion yuan) in the first nine months of 2013, a muscular 35 percent hike on the same three-quarters last year, with domestic movies racking up a powerful display in the period.

The figure of $2.7 billion is close to last year's total for the whole year, when the industry took $2.8 billion, according to data from the State Administration of Film and Television, carried on the official Xinhua news agency.

The data underline why China has become so important for Hollywood, and why U.S. film execs are actively wooing the market. While the figures give a lift to domestic movies, they paint a less rosy picture for foreign films in the world's second-largest film market.

Broken down, the figures show that domestic movies took $1.57 billion (9.56 billion yuan) in the period, up 94 percent on the previous year, while box office from overseas movies fell 5.2 percent to $1.13 billion (6.86 billion yuan). Half of the top 10 titles were domestic movies, the SARFT results show.

The highest-grossing movie this year so far is Stephen Chow’s interpretation of Journey to the West, which pulled in $200 million, followed by Iron Man 3, actress-turned-director Vicki Zhao’s directorial debut So Young and Pacific Rim.

In another light, signs of an expanding market share for Chinese movies could be viewed as good news for Hollywood, as it eases Chinese government fears that foreign content will overwhelm domestic movies if import controls are relaxed further.

There are still around 10 new screens coming online every day in China, and the demand for content continues to grow.
—The Hollywood Reporter


China box office surges 35% in first nine months of 2013

Oct 24, 2013

-By Clifford Coonan


China's box-office take was $2.7 billion (16.43 billion yuan) in the first nine months of 2013, a muscular 35 percent hike on the same three-quarters last year, with domestic movies racking up a powerful display in the period.

The figure of $2.7 billion is close to last year's total for the whole year, when the industry took $2.8 billion, according to data from the State Administration of Film and Television, carried on the official Xinhua news agency.

The data underline why China has become so important for Hollywood, and why U.S. film execs are actively wooing the market. While the figures give a lift to domestic movies, they paint a less rosy picture for foreign films in the world's second-largest film market.

Broken down, the figures show that domestic movies took $1.57 billion (9.56 billion yuan) in the period, up 94 percent on the previous year, while box office from overseas movies fell 5.2 percent to $1.13 billion (6.86 billion yuan). Half of the top 10 titles were domestic movies, the SARFT results show.

The highest-grossing movie this year so far is Stephen Chow’s interpretation of Journey to the West, which pulled in $200 million, followed by Iron Man 3, actress-turned-director Vicki Zhao’s directorial debut So Young and Pacific Rim.

In another light, signs of an expanding market share for Chinese movies could be viewed as good news for Hollywood, as it eases Chinese government fears that foreign content will overwhelm domestic movies if import controls are relaxed further.

There are still around 10 new screens coming online every day in China, and the demand for content continues to grow.
—The Hollywood Reporter

More Cinemas

Cine Colombia selects MACCS International software to manage distribution

Leading Colombian distribution and exhibition company Cine Colombia has licensed MACCS Theatrical Distribution Software to run its distribution. More »

Fandango adds seven new exhibitors to ticketing network

Fandango has added Bow Tie Cinemas  to its digital ticketing network More »

ShowEast to honor Mexican anti-piracy unit

The Mexican Attorney General’s Office’s Specialized Investigations Unit Against Copyright and Industrial Property Crimes will be honored with the Anti-Piracy Latin American Government Leadership Award at ShowEast More »

'Before the Movie' named to Inc. 5000 list

Inc. magazine ranked Before the Movie™ #1166 on its 33rd annual Inc. 5000 list More »

ADVERTISEMENT



REVIEWS

John Wick
Film Review: John Wick

Retired hit man seeks revenge on Russian mob in an above-average action film. More »

Fury Review
Film Review: Fury

American tanks fight superior German forces in the closing days of World War II. More »

Player for the Film Journal International website.


ADVERTISEMENT



INDUSTRY GUIDES

» Blue Sheets
FJI's guide to upcoming movie releases, including films in production and development. Check back weekly for the latest additions.

» Distribution Guide
» Equipment Guide
» Exhibition Guide

ORDER A PRINT SUBSCRIPTION

Film Journal International

Subscribe to the monthly print edition of Film Journal International and get the full visual impact of this valuable resource for the cinema business.

» Click Here

SPONSORSHIP OPPORTUNITIES

Learn how to promote your company at the Film Expo Group events: ShowEast, CineEurope, and CineAsia.

» Click Here