Chinese Box Office Revenue for 2018 Slowed in Growth

By Mei Manuel, January 02, 2019 22:01 PM

Operation Red Sea(Google)

Chinese state media reported that China's box office revenue for 2018 only rose 9% to 60.98 billion yuan, slower than the 13.45% increase in 2017.

According to the report of Xinhua late Monday which cited the State Film Administration, the domestic films released in the country for 2018 made a ticket sale of 37.6 billion yuan, making up the 62% of the country's total box office.The remaining percentage comprise ticket sales from foreign films.

In 2017, domestic films comprised 54% of the total box office.

It was also reported that the number of movie theaters in the country is around 60,079, an increase of 9,303 from the 2017 numbers. These theaters enabled China to overtake the United States in terms of the number of movie houses available in the country.

Many film producers and companies are looking into China to increase their box office returns even though China has a strict rule on how many foreign films can be shown in the country and the censorship rules it has.

Meanwhile, the Chinese government is working on ways to promote home-grown productions, but so far, big-budget Chinese films have been experiencing trouble in the box office while medium-sized productions have been doing farely well.

Related Article

Must Read

comments powered by Disqus

More from CCD

Chinese Box Office Revenue for 2018 Slowed in Growth

How did the Chinese box office fared last year?

Hainan Airlines introduces New Flights to Los Angeles

A new direct flight is added to Hainan Airlines' destinations.

Changsha to Host FIBA 3X3 Asia Cup

The FIBA 3X3 Asia Cup has a new home for the next three years

Instagram Returns to Normal After Bug Changed Feeds

The bug that paralyzed Instagram this week has now been fixed.

Five Chinese Musicals Raked Awards at Qianqiao Musical Awards

Check out the winners of the third Qianqiao Musical Awards.

Peppa Pig Releases Chinese New Year Special Film

Peppa Pig and her friends will be celebrating Chinese New Year in a new film.

'Aquaman' Remains King at the Chinese Box Office

Check out the rankings of the Chinese Box Office this week.

"Thugs of Hindostan" Set to Debut in China

Check out when Aamir Khan's latest movie in its Chinese debut

"A Dog's Way Home" to Premiere in Chinese Cinema

Which movie will sum up the year of the dog?

HBO Asia and China Movie Channel to Produce New Kung Fu Films

New kung fu films will be making their debut next year.