Photo: Andy Wong, Associated Press
China remains the second largest market in the world behind the United States.
Beijing — revenues for The cinema in China grew by more than 13 % in 2017, bouncing back with vigour after a fall the previous year, the second world market is approaching a little closer to the United States.
The revenue of cinema tickets have reached a 55.9 billion yuan (about 10.8 billion CAN$) in China last year, announced late Tuesday, the state Agency of press, publication, radio, film and television (SAPPRFT). This represents a leap of 13.45 % year on year, even as the box office in china had increased by only 3.7% in 2016, that will fizzle after a decade of strong growth.
It is the bond that the revenues at the box office of china in 2017. They had increased by only 3.7% in 2016, that will fizzle after a decade of strong growth.
Some 46% of revenue in 2017 have been generated by international films — against 42 % the previous year — but more than half of the turnover always remains ensured by local production, in particular, driven by the success of the action film chinese Wolf Warrior 2.
Packed full of stunts and explosions, this film to focus patriotic, which portrays an ex-chinese soldier in a war zone in Africa, has accumulated a revenue of 5.7 billion yuan (about $1.1 million CDN), becoming the first production, not a hollywood or british to integrate the list of the 100 biggest success of world cinema.
Behind the Wolf Warrior, the fast-paced thriller american Fast and Furious 8, new opus of the saga automobile, is displayed in the second row of the movies that generated the most revenue last year in the country.
A must-have for Hollywood
China remains the second largest market in the world behind the United States. Unable to surpass in the immediate future, the country remains a must-see for the hollywood studios, whose blockbusters are successful locally.
And this, although Beijing strictly limits, by a system of quotas, the number of foreign films screened in its cinemas.
The authorities have also adopted measures to strengthen the hearing of the works of the chinese, in particular, by restricting the number of foreign feature films screened during the national holidays, and the encouragement of rooms to project films local.
In December, the government has also announced that cinemas could benefit from exciting tax rebates if at least 55% of their annual revenue came from chinese films.
Moreover, while the communist regime displayed conspicuously his ambition to see China compete with Hollywood, the cinemas of the country pay a tax of 5 % on their box office to fund “a special fund” to develop the national production.
The total number of people who attended movie theaters in China grew 18% last year (against an increase that is two times less in 2016) and about 10,000 new screens have been built — the country now has some 50 770 total, according to the official agency new China.