BOX OFFICE: Yearly Total Hits $2.3 Billion; Imports Jump 90.4 Percent Year/Year
on December 19, 2012
The impact of Hollywood films in China this year has been immense.
Nie Chenxi, deputy head of the State Administration of Radio, Film and Television (SARFT), released some revealing statistics at a meeting on Tuesday:
During the first six months of 2012, Chinese films accounted for only 2.8 billion yuan out of a total box office of 8 billion yuan, down by 4.3 percent year on year. Imports (read: mostly Hollywood films) accounted for the remaining 5.2 billion yuan--a 90.4 percent increase over the same time period in 2011.
Chinese films accounted for only 35 percent of the box office from January to June, compared to 53.6 percent in 2011.
The Chinese box office hit a total of $2.3 billion from January to November. That's an impressive tally considering that 2011's total from January-December was $2.1 billion. Major films such as Life of Pi, Back to 1942 and Lost in Thailand will help China's yearly total breeze past $2.6 billion.
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