×

China Box Office Down for Third Month Running

China’s theatrical box office recorded the third consecutive month of decline in November. That puts the full year on course for only a narrow single figure increase.

Theatrical takings in November amounted to RMB2.54 billion, a 5% drop compared with RMB2.66 billion in November 2015. It follows a 19% drop in October and a 33% September on September decline, according to data from Ent Group.

For the year to end of November, Chinese cinemas have recorded gross revenues of RMB41.1 billion, a gain of 3%, compared with the first 11 months of last year. The full-year total was RMB43.9 billion in 2015. December is usually one of the two biggest cinema-going months of the year.

In admissions terms, the first 11 months of this year are 10% ahead of the same point in 2015. Ticket sales reached 1.25 billion, compared with 1.13 billion in January-November 2015.

Average ticket prices have declined by some 15%, from RMB34.9 to a mean RMB30.2. That reflects the weakening, more competitive, market. And it also reflects the expansion of cinema chains into third and fourth tier cities where the cost of living is lower.

China’s film industry regulators have warily allowed more imported films than the normal 34 revenue sharing quotas would suggest. That may give the Hollywood imports a narrow market share victory over China’s local films.

But the 6% weakening of the Chinese currency against the US dollar, spells a reduction in the value of revenues remitted to the stateside headquarters of the Hollywood majors. On Jan. 1 RMB6.49 bought $1. Today it takes RMB6.90 to buy one unit of the US currency.

Popular on Variety

More Film

  • A Shaun the Sheep Movie: Farmageddon

    Film Review: 'A Shaun the Sheep Movie: Farmageddon'

    No asteroids are hurtling toward Earth in “A Shaun the Sheep Movie: Farmageddon,” though a flying frozen pizza does softly slice the top off an elderly shopper’s hairdo: That’s roughly the level of quirky peril we’re talking about in the latest outing from Aardman Animations, and as usual, the British stop-motion masters cheerfully prove that [...]

  • Slam

    Film Review: ‘Slam’

    The disappearance of a fearless female Palestinian-Australian slam poet triggers suspense and powerful social and political commentary in “Slam,” an outstanding slow-burn thriller by expat Indian filmmaker Partho Sen-Gupta (“Sunrise”). Starring Palestinian actor Adam Bakri (“Omar,” “Official Secrets”) as the missing woman’s conflicted brother, and leading Aussie performer Rachael Blake as a troubled cop, Opening [...]

  • Igo Kantor

    Igo Kantor, Producer and Post-Production Executive, Dies at 89

    Igo Kantor, whose Hollywood career took him from Howard Hughes’ projection room to supervising post-production on “Easy Rider” and producing B-movies like “Kingdom of the Spiders” and “Mutant,” died Oct. 15. He was 89. Kantor, who was born in Vienna and raised in Lisbon, met “Dillinger” director Max Nosseck on the ship to New York. [...]

  • The Lion King

    Average Movie Ticket Price Falls 4% in Third Quarter of 2019

    Average ticket prices for the third quarter have dropped 4% to $8.93, down from Q2’s $9.26, the National Association of Theatre Owners announced today. However, compared with the third quarter of 2018, ticket price has risen 1.1% from $8.83. The summer box office is down 2.13% from 2018, though the third quarter box office is [...]

  • Tilda Swinton to Preside Over The

    Tilda Swinton to Preside Over Marrakech Film Festival

    Tilda Swinton, the iconoclastic British actress and producer, is set to preside over the 18th edition of the Marrakech International Film Festival, succeeding to American director James Gray. Swinton, who won an Oscar and a BAFTA award for best supporting actress for “Michael Clayton,” has been leading an eclectic acting career. She has collaborated with [...]

  • The King Netflix

    Middleburg Film Festival Brings Hollywood to Virginia

    For the last seven years, audiences have flocked to the Middleburg Film Festival. Running October 17th – 21st, and situated in the wine-country hills of historic Middleburg, Virg., the festival usually highlights some of the year’s buzziest titles, and 2019 is no exception. “We’re a smaller festival with fewer overall screenings than other events, so we [...]

  • Kelly McCormick and David Leitch'Fast &

    'Wheelman' Director to Helm 'Versus' From David Leitch, Kelly McCormick (EXCLUSIVE)

    “Wheelman” director Jeremy Rush is in negotiations to helm the action movie “Versus,” with Kelly McCormick and David Leitch producing. Rush will direct the Universal movie from a script penned by “Three Musketeers” scribe Alex Litvak and “American Assassin” writer Mike Finch. Plot details are being kept under wraps, though it will follow the genre [...]

More From Our Brands

Access exclusive content