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The Chinese cinema market becomes the second largest in the world

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Revenues from Chinese cinema reached 2 billion euros in 2012, up 30% in one year. China takes the place of Japan and is now in second place behind the United States. In terms of the number of seats sold and the number of films produced, India remains largely the world leader. A visit to https://real-fmovies.com makes things perfect for movie lovers.

  • The explosion of the box office in China was confirmed in 2012, with an increase of more than 30% in the sales of tickets for access to cinemas, reported Wednesday China News, the country’s official news agency. With entry receipts reaching 17 billion yuan (2 billion euros), China thus takes second place in the world, instead of Japan which is found at the bottom of the podium, and just behind the United States (8, 1 billion euros) according to CNC data.
  • A total of 303 films were screened in cinemas across the country last year. Among the ten feature films have made the most admissions in the country, only three are Chinese films, namely “Lost in Thailand”, “Painted Skin: The Resurrection” and “Chinese Zodiac 12”, Jackie’s latest film. Chan. For the first time in ten years, imported films represented the major part (51.5%) of revenues, even if China protects its film industry by drastically limiting the number of foreign films distributed on its territory… With 935 million yuan in revenue, the 3D version of James Cameron’s film “Titanic” was the most popular foreign film in China last year.

The seventh art is booming in China, offering the most promising perspectives in the world. The boom in the number of cinemas is supported by the rapid growth of the middle class, which likes to go out on weekends in the multiplexes of new shopping centers. In 2012, only 34 foreign films were admitted to China under the sought-after revenue sharing regime according to New China. The majority are blockbusters from Hollywood.

India, the world’s leading film producer

However, this classification remains to be put into perspective. If the top three are valid for cinema ticket receipts, when it comes to the number of seats sold, India remains largely at the top of the podium. 2.7 billion seats were sold there in 2001, while more than half as many were sold in the United States (1.3 billion) and more than seven times less in China (370 million) according to CNC figures. . But while a cinema ticket costs on average 5.2 dollars in China, its price drops to 0.4 dollars in India (CNC). A classification to put in perspective finally because in terms of cinematographic production, Bollywood produces more than twice as many films as Hollywood according to Unesco, both far ahead of China.

Conclusions

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We will conclude by summarizing the main elements that characterize the relations between the United States and China in the field of the film industry and by highlighting an open question.

As mentioned above, in recent years, China’s commitment to developing the domestic film industry has been unprecedented, and it is a real strategic choice. In essence, this strategy was decided as much out of economic necessity as out of political ambition. China must indeed protect its national film market from competition from the foreign industry, which began to be felt after joining the World Trade Organization in 2001.