Saturday, October 26, 2013

The Box Office in China

     China experienced a significant growth in its box office, a drastic increase of 35% but most of this growth was attributed to China’s domestic sales. In fact, the sales of imported films declined by 5.2%. Hollywood studios are hoping that sales in China could more than offset the decline in sales in North America. The Chinese domestic filmmakers are starting produce higher-quality films as they start to produce more 3-D films. In addition, China’s film market is booming due to rapid growth of theaters opening across the country. China has added 625 new theaters in the first nine months of 2013 and the growth is expected to continue.

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