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☆ China's economy is on shaky ground - but its movie industry is hitting historic box office records
▼ + stars: | 2023-10-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

China's economy hasn't seen the post-pandemic rebound as many expected, but its film industry is running strong. From June to September, Chinese consumers spent $3.2 billion at the box office, a record high for that stretch. Meanwhile, China's economy faces weak growth, a shaky property sector, and declining trade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementChina's economy has yet to enjoy the post-pandemic rebound many had anticipated, but its movie industry has thrived nonetheless.

Persons: hasn't, —, Barbie, Oppenheimer, Lehman, Alfredo Montufar Organizations: Service, CNN, China Center, Conference Board Locations: Dengta, China, Beijing

Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period in history, according to data from Dengta and Maoyan, China’s two major box office tracking apps. Ticket sales for the traditional high season between June and August soared to a record 20.6 yuan ($2.8 billion), smashing the previous summer peak of 17.8 billion yuan ($2.4 billion) recorded in 2019. “I’ve been a big fan of American and European movies,” Peng said. Powered by womenThat China’s recent box office boom has been driven by women is surprising given the gender imbalance in the country. So far this year, American films accounted for only about 14% of China’s box office, the second largest in the world, according to CNN calculations based on Dengta data.

Persons: Alibaba, ”, Stanley Rosen, Rosen, “, Fred Astaire, Ginger Rogers, Barbie ”, “ Oppenheimer, ” Perry Peng, she’s, “ We’ve, “ Barbie, “ I’ve, ” Peng, ” Pency Peng, Perry’s, Xuguang Chen, Chen, Kevin Tran, Tran Organizations: Hong Kong CNN, USC’s, China Institute, Warner Bros, CNN, School of Arts, Peking University, “, Morning, Hollywood Locations: China, Hong Kong, Dengta, United States, Shanghai, WarnerBros .

☆ China box office smashes summer records, Hollywood contributes little
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

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". 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. 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. ($1 = 7.2869 Chinese yuan renminbi)Reporting by Sophie Yu, Casey Hall; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Margot Robbie, Tom Cruise's, Sophie Yu, Casey Hall, Devika Organizations: China Film Administration, HK, Thomson Locations: BEIJING, China

☆ James Cameron's new 'Avatar' film gets rare China release
▼ + stars: | 2022-11-23 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

“Avatar: The Way of Water” will be released in China on the same day as its global release, the studio said on its official Weibo account. The six latest Marvel movies did not make an appearance in China and earlier this year, “Black Panther: Wakanda Forever” was also denied a China release. That said, since Chinese movie ticket sales topped US ticket sales for the first time in 2020, the Chinese movie market has been hit by tight Covid-19 curbs. China’s total box office take for this year has reached only 28.27 billion yuan ($4 billion) according to Chinese cinema data app Dengta. It is a sharp fall from 2019’s 64.15 billion yuan or even last year’s 47.04 billion.

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