It sounds like the huge Chinese box office jump isn’t helping Hollywood either, even if it did help to bring global ticket sales to a record $40 billion. That’s because Chinese films claimed nearly two-thirds (61.6 percent, up from 54.5 percent in 2014) of the country’s box office receipts. This is in part due to a continuing push by Chinese regulators to limit the accessibility of Hollywood films in the country. Only 34 foreign films are allowed in the Chinese cinema every year, according to The Hollywood Reporter. Regardless, three Hollywood films did reach the top 10 in China: Furious 7, Avengers: Age of Ultron, and Jurassic World.
China’s film industry has grown dramatically due to a rapidly expanding middle class and a boom in cineplex development (to the tune of more than 8,000 new screens in 2014). “There’s been a growth of exhibitor real estate in many parts of the world, particularly in China, and that has a major effect and indeed is the most influential factor,” said Universal Pictures exec Duncan Clark to the L.A. Times. “If you don’t have movie theaters in large towns, money’s just bleeding away from you in every release that occurs.”
As more and more Chinese consumers gain access to movie theaters, we can only assume that box office revenues will continue to spike in the country. Unless Chinese regulations change, however, those revenues won’t translate into mountains of money for Hollywood.
Editors' Recommendations
- 7 biggest horror movie bombs of all time, ranked by adjusted box office losses
- Coronavirus cuts deep into Hollywood’s crucial Chinese box office numbers
- China’s space station, Tiangong-2, has burned up in the atmosphere
- China’s Chang’e 4 lunar mission: See Yutu on the far side of the moon
