×

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.

More Biz

  • Grammy Awards 60th Annual Grammy Awards,

    Recording Academy Reveals Its Diversity Task Force Report, With Strong Calls for Reform

    Anyone wondering what the Recording Academy’s Task Force on Diversity and Inclusion has been doing for the past 18 months got their answer this morning in the form of the organization’s strongly worded, 47-page-long Final Report, which is now available on the Academy’s website. As its name states, the Task Force, helmed by former first [...]

  • Jenna Coleman The Cry

    Great Point Media Teams With MC Credit Partners on New Film and TV Finance Initiative

    Britain’s Great Point Media is partnering with U.S.-based institutional investor MC Credit Partners on a finance initiative to fund new film and TV projects. London-based Great Point has committed $80 million to the initiative, and MCCP will invest up to $100 million from the funds under its management. The first films and TV shows to [...]

  • Hipgnosis Songs Acquires Catalog From Jack

    Hipgnosis Songs Acquires Catalog From Taylor Swift, Lana Del Rey Cowriter Jack Antonoff

    Hipgnosis Songs has acquired its fourth music catalog of the month, this one from prolific songwriter, producer and artist Jack Antonoff. He is frontman of Bleachers, a founding member of Fun. and has collaborated extensively with Taylor Swift, Lana Del Ray, Lorde, Pink, St Vincent and many others. While terms of the deal were not [...]

  • Harvey Weinstein arrives in court, in

    Time's Up Criticizes 'Flawed' Weinstein Settlement

    Time’s Up issued a statement on Wednesday criticizing the proposed settlement in the Harvey Weinstein civil cases, saying they are the product of a “broken system.” Weinstein has reached a tentative $25 million deal with most of his accusers, including the plaintiffs in a class action suit. The women with the most serious claims would [...]

  • Boris Epshteyn

    Sinclair Drops Political Commentary Segments From Boris Epshteyn, Ameshia Cross

    Sinclair Broadcast Group has decided to scrap the political commentary segments that have aired across its vast station group since 2017. Boris Epshteyn, former Trump campaign official turned chief political analyst for Sinclair, has been delivering commentary segments that were mandated to run adjacent to local newscasts on all Sinclair stations since the spring of [...]

  • Harvey Weinstein arrives at New York

    Harvey Weinstein Close to $25 Million Civil Settlement With Accusers

    Harvey Weinstein is close to a $25 million settlement that would resolve most of the civil litigation against him, including a broad class action case accusing him and his board of directors of a systemic pattern of sexual misconduct. The general terms of the agreement have been in place for several months, though it has [...]

  • Def Leppard Signs Admin Deal With

    Def Leppard Signs Admin Deal With Sony/ATV Publishing

    On the heels of the announcement of Def Leppard’s North American stadium tour next summer comes news that the group has signed a global administration agreement with Sony/ATV Music Publishing. The British group has sold more than 100 million records worldwide, particularly of its ‘80s blockbuster albums “Pyromania” and “Hysteria.” Both of which are certified [...]

More From Our Brands

Access exclusive content