China’s box office smashes $7.5bn mark

BEIJING (ANN Desk) – Earnings in world’s biggest cinema market up 15 per cent

China’s box office exceeded 50 billion yuan ($7.5 billion) on Monday, the first year the country has broken the 50-billion mark, according to the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT).
Data from the SAPPRFT showed that as of 6.57pm on Monday, a total of 1.448 billion viewers had entered cinemas this year, up 15 per cent from last year.
Ticket earnings for domestic movies reached 26.2 billion yuan, accounting for 52.4 per cent of the total. A total of 78 films pocketed 100 million yuan each, including 39 domestic productions.
China’s box office earnings have increased steadily for the past 15 years, from less than 1 billion yuan in 2002.
“China’s box office was only about 1 billion yuan in 2003 when its film industry started its reform. In the past years, the market is 50 times bigger,” Jia Leilei, a researcher from Chinese National Academy of Arts, said.
“Currently, China has 50,000 big screens. It has the largest numbers of screens in the world,” Jia added.
The government plans to enhance training of young filmmakers and promote the film industry in coming years.

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