Chinese Box Office Records $52 Billion Yuan Revenue
By Mei Manuel, November 07, 2018 05:11 AM
On Tuesday, the State Film Administration stated that the Chinese box office has garnered a revenue of more than 52.6 billion yuan or $7.62 billion during the first 10 months of 2018, up by 9.75% year-on-year.
At least 70% of the revenue came from domestic films, up by 37.56% on a yearly basis.
Among the 67 films that garnered 100 million yuan and more, 38 of them were domestic.
Some of the most notable domestic films to hit theaters this year include the black comedy Dying to Survive, comedy Detective Chinatown 2 and action film Operation Red Sea. All grossed over 3 billion yuan in box office.
Meanwhile, this November and December, more domestic productions, including The Human Comedy and The Rookies, are scheduled to hit the big screen alongside Hollywood blockbusters such as anti-hero action-thriller Venom and Fantastic Beasts: The Crimes of Grindelwald.
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