×
You will be redirected back to your article in seconds

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

  • US Capitol

    The Sneaky Long Game of ALI’s Restatement of Copyright (Guest Column)

    Last week, Senator Thom Tillis and four other members of Congress sent a letter to an organization you may never have heard of, the American Law Institute (ALI).  The letter questions the ALI’s ongoing project to publish a competing version of the Copyright Act – or, as the ALI calls it, a “Restatement” of copyright [...]

  • Tom Petty’s Daughters, Widow Settle Legal

    Tom Petty’s Daughters, Widow Settle Legal Battle Over Estate

    Tom Petty’s widow and daughters from a previous marriage have settled their bitter legal battle, according to a report in Rolling Stone. Earlier this year, Adria Petty and Annakim Violette, the late singer’s daughters with his former wife Jane, sued his second wife, Dana York, for $5 million, alleging that she had deprived them of [...]

  • Tropical rainforest on the banks of

    Warner Music Aims to Plant 100,000 Trees in the Amazon as Holiday Gift to Staff

    In a move that inspired and environmentally conscious companies will hopefully emulate, as a holiday gift to its employees, Warner Music Group is partnering with the One Tree Planted organization to plant trees in the fire-ravaged Amazon forest. The company is planting 10 trees in the Amazon for each employee — a total of 48,210 [...]

  • Republic Records Names Chris Blackwell Senior

    Republic Records Names Chris Blackwell Senior VP of Creative Content

    Republic Records has named Chris Blackwell senior vice president of creative content & development, it was announced today by co-founders Monte and Avery Lipman and general manager Jim Roppo. According to the announcement, Blackwell will lead creative development for film, television and premium platform projects set to feature and showcase Republic Records artists. His responsibilities include establishing partnerships to create, develop, [...]

  • China Spying Technology Tik Tok Placeholder

    TikTok Gains Global Momentum -- but Also Raises Sticky Privacy Questions

    Bay Area rapper Saweetie didn’t intend for “My Type” to come out as a single. But when a clip of the bouncy anthem about desirable (and slightly vulgar) attributes in a partner started to take off on TikTok as part of a social media challenge, it became clear the song would be her defining hit. The [...]

  • Carlyle Group, Investors in Taylor Swift

    Carlyle Group, Investors in Taylor Swift Catalog, Address Scooter Braun Drama (Sort Of)

    Kewsong Lee, co-CEO of The Carlyle Group, a private equity fund whose assets include a minority investment in Big Machine Label Group, the record company that’s home to Taylor Swift’s catalog, spoke to CNBC’s “Squawk Alley” on Wednesday. During the interview, held at the Goldman Sachs Financial Conference, host Wilfred Frost asked the business executive [...]

  • Mergers and Deals Placeholder

    Top 19 Media Trends of 2019: Mega Mergers

    Media consolidation has been rife in the past two years, as traditional media companies have scaled up in order to protect themselves against the new entrants challenging their business.  Traditional media has spent $229 billion since March 2018 on just six key mergers as rivals opted to combine their assets to compete in the new [...]

More From Our Brands

Access exclusive content