×

China Box Office Climbs 36% in First Half of 2013

Two Chinese films exceed $100 million; Hollywood retreats

BEIJING — China’s B.O. surged 36% to RMB10.99 billion ($1.79 billion) in the first half of 2013, riding high on a powerful performance by homegrown pics, according to data from the government org, the State General Administration of Press, Publication, Radio, Film and Television.

Ticket sales for Chinese films increased 144% to $1.12 billion, while imported films posted $670 million in B.O., down 21%.

The data shows why Hollywood is so keen on China right now. China is already the second biggest film market in the world, and is on track to overtake the U.S. in the next five years or so.

B.O. champ in the first half of this year was Stephen Chow’s “Journey to the West: Conquering the Demons” (pictured), which took $200 million by the end of June, followed by “Iron Man 3” at $123 million and “So Young” at $117 million.

Of the top ten highest-grossing films, four were Chinese, accounting for 54% of total revenues in the first half.

The movie data follows a report earlier this week which showed that total revenues from China’s entertainment sector rose 20% last year to $56.7 billion.

Chinese B.O. is on track for a strong performance in the full year — B.O. revenues hit $2.77 billion last year, up 30% from 2011, marking an average annual growth of 34% in the decade between 2002 to 2012.

The State General Administration of Press, Publication, Radio, Film and Television was formed from an amalgamation of the State Administration of Radio, Film and Television, which was responsible for broadcast media and film, and the General Administration of Press and Publication, which dealt with print media and books.

Popular on Variety

More Biz

  • Harvey Weinstein

    Weinstein Can Get a Fair Trial in Manhattan, Says D.A.

    The Manhattan District Attorney’s office argued on Friday that Harvey Weinstein can get a fair trial in Manhattan, and blamed the producer’s defense team for much of the pre-trial publicity in the case. Weinstein’s attorneys have asked an appellate court to transfer the case — which is set to begin on Sept. 9 — to [...]

  • Leonardo DiCaprio Madonna

    Leonardo DiCaprio, Madonna Call for Action on Amazon Wildfires

    As wildfires rage at an alarming rate in Brazil’s Amazon rain forest, celebrities are using their platforms to bring awareness to the deforestation’s impact and to call for action. In the past week, stars like Leonardo DiCaprio, Madonna, Cara Delevingne and Ariana Grande have taken to Instagram to express their frustration with the lack of [...]

  • 'The Durrells' TV Show

    Greece Sweetens Production Incentives as Struggling Country's Economy Rebounds

    It’s taken the better part of a decade for Greece to show signs of recovery from the crippling crisis that almost pushed it out of the Eurozone. Now, with the economy slowly on the mend, the government is doubling down on efforts to jump-start the local film industry, giving a dramatic overhaul to the incentive [...]

  • Warner Music Group Partners With Audiomack

    Warner Music Group Partners With Audiomack

    Warner Music Group announced it has entered a partnership with the music streaming and discovery service Audiomack, marking the platform’s first licensing deal with a major label. According to the announcement, the two companies will work together on content concepts and explore ways to break emerging artists, connecting music fans with rising talent before they [...]

  • Scooter Braun Congratulates Taylor Swift on

    Scooter Braun Congratulates Taylor Swift on ‘Brilliant’ Album and Campaign

    Two days after Taylor Swift fired off the latest salvo in her battle with Scooter Braun, the manager congratulated the singer on the campaign around her “brilliant” new album, “Lover,” which arrived last night. The message came after Swift said she will be re-recording songs from her first six albums, which are now owned by [...]

  • David Koch Obit

    David Koch, Libertarian Activist and Billionaire Philanthropist, Dies at 79

    David Koch, brother of Charles Koch and one of the owners of Koch Industries, the second-largest private company in the U.S., has died at 79. According to the New York Times, Charles Koch announced the news of his brother’s death in a statement. Though he did not attribute to David’s death to a particular cause, [...]

  • Beverly Hills Realtor Accused of Stealing

    Beverly Hills Realtor Accused of Stealing From Usher, Adam Lambert

    A Beverly Hills real estate agent has been arrested on charges of stealing from the homes of celebrities, including Usher, Adam Lambert and “Real Housewives” star Dorit Kemsley. Jason Emil Yaselli, 32, is accused of encouraging an accomplice, Benjamin Ackerman, to enter homes during open houses in order to steal from them. Ackerman allegedly sold [...]

More From Our Brands

Access exclusive content