×

China Box Office Surges in October, Returns to 15% Growth Rate

Theatrical box office in China has bounced back after a lull that worried the industry. Cinema revenues in the first 10 months of the year are up 15% and are within a fraction of last year’s 12-month total.

Data from Chinese research and consultancy company Ent Group show January to October box office of RMB47.8 billion, or $7.01 billion at current exchange rates. That compares with RMB38.0 billion in the equivalent 10-month period last year and with RMB45.5 billion in calendar 2016.

Direct comparisons have been made more complicated since the beginning of this year, when reported data were required to include the booking fees levied by online ticketing agencies. Without those fees, the revenue earned by cinemas in the first 10 months was RMB44.9 billion.

In terms of directly comparable admissions, ticket sales rose 18% from 1.17 billion to 1.38 billion. Average ticket prices nationwide have continued to decrease, however, as theaters have been built in third-, fourth- and fifth-tier cities where prices are lower. In October, entry prices averaged RMB34 ($5.07), down from RMB36 ($5.36) in January.

Driving the resurgence, after a period of single-digit growth from mid-2016 to mid-2017, have been strong performances of local films between August and October, including “Wolf Warriors II,” which has grossed more than $850 million.

October gross revenues (net of fees) were RMB4.80 billion ($716 million). That is a 38% gain on the RMB3.42 billion ($518 million) reported in October last year.

Topping the chart in October was Chinese sports comedy “Never Say Die” with $299 million in the month. It was followed by “Chasing The Dragon” with $78.9 million.

More Film

  • Michael B. Jordan Jordan Vogt-Roberts

    Film News Roundup: Michael B. Jordan, Jordan Vogt-Roberts Team for Monster Movie

    In today’s film news roundup, Michael B. Jordan is producing a creature feature, billiards champ Cisero Murphy is getting a movie, the sixth Terminator movie gets a title, and Graham King receives an honor. PROJECT UNVEILED New Regency and Michael B. Jordan’s Outlier Society are partnering on an untitled monster movie from “Kong: Skull Island” [...]

  • Nicolas Cage

    Nicolas Cage to Star in Martial Arts Actioner 'Jiu Jitsu'

    Nicolas Cage will star in the martial arts actioner “Jiu Jitsu,” based on the comic book of the same name. The cast will also include Alain Moussi, who stars in the “Kickboxer” franchise. Dimitri Logothetis is producing with Martin Barab and directing from a script he wrote with Jim McGrath. Highland Film Group is handling [...]

  • Chinese success of Thai film "Bad

    Chinese, Thai Shingles Pact for Co-Production Fund at FilMart

    A deal to establish a 100 million yuan ($14.9 million) co-production fund between China and Thailand was struck at FilMart on Tuesday to help launch TV and film projects that will appeal to Chinese and Southeast Asian audience. The deal that was struck by China’s Poly Film Investment Co., TW Capital from Thailand and Thai [...]

  • Kevin Tsujihara

    Kevin Tsujihara's Ouster Kicks Off a Week of Major Disruption in the Media Business

    The sudden ouster of Warner Bros. Entertainment chief Kevin Tsujihara kicked off what is likely to go down as one of the most extraordinary weeks in Hollywood history, spelling enormous turmoil and transition across the media landscape. In addition to the news about Tsujihara, which comes amid a wider shake-up of leadership at AT&T’s WarnerMedia, [...]

  • Buddha in Africa

    More than Half of Films at Hot Docs Film Festival Are Directed By Women

    More than half of the films playing at Hot Docs, North America’s largest documentary festival, are directed by women, the Canadian event said Tuesday. The festival’s 26th edition, which runs April 25-May 5, will screen 234 films, with 54% of the directors being women. In the competitive International Spectrum program, notable films receiving their world [...]

  • Korean Distributors Fight for Box Office

    Korean Distributors Fight for Box Office Market Share

    Korean distributors are having to fight ever harder for their share of Korea’s theatrical market share. Threats on the horizon include a slide in the performance of local movies, consolidation, the arrival of new players and the challenge from streaming services. South Korea’s theatrical box office is now bigger than that of France or Germany despite [...]

  • Korean Distributors Learn to Downsize in

    Korean Distributors Learn to Downsize in Saturated Market

    In 2018, the Korean film business stumbled, as local films made with blockbuster budgets and targeting the usual high seasons of Chuseok and Christmas last year failed to deliver blockbuster earnings.  So Korean distributors have embraced some tactics to enhance their bottom lines.  Genre films “Monstrum,” “Fengshui,” “The Negotiation,” “Take Point,” “Swing Kids” and “Drug King” [...]

More From Our Brands

Access exclusive content