Sony reports that Skyfall earned $17.9 million in four days of release in China. That means it will have no problem passing Quantum of Solace's $20.8 million haul after just seven days.
Skyfall is performing well even though rampant piracy and complaints about the film being censored are stifling the spy flick.
Are we going to see China take over a Hollywood studio in the near future?
Perhaps. Anything seems possible after the Dalian Wanda Group's September 2012 acquisition of AMC Theaters. That $10 billion business deal proved two things: 1) China has no shortage of money when it comes to foreign investments and 2) They are really interested in the movie space.
"The rapid growth of the film industry has attracted a lot of capital from beyond the industry itself," EntGroup analyst Kady Yang tells THR. "The non-film-and-television-producing corporations might be a force to be reckoned with where these overseas acquisitions are concerned."
Xinhua reports that Paramount has signed a copyright deal with BesTV New Media that will give BesTV the right to play Paramount films via its Internet TV and IPTV Premiere services. Films from the Mission: Impossible and Star Trek franchises will be first, followed by other classics such as Forrest Gump and Ghost.
EntGroup tells Boxoffice that Skyfall made $5.1 million on its first day of release on 5,500 screens, which includes $200,000 or so from midnight shows. That's a bit underwhelming considering that Skyfall is the widest theatrical release ever in China.
Mission: Impossible - Ghost Protocol made $12 million in China during its first two days, and now it doesn't look like Skyfall will be able to match that. Ghost Protocol ended its Chinese run with $102.7 million.
The Grandmasters finished in first place during the week of 1/14-1/20 with a total of $13.7 million. Wong Kar Wai's latest is now up to a respectable $39.5 million. Skyfall opened on Monday in China and it's possible that many Chinese movie-goers were simply saving their money for the new Bond flick.
Bona Film Group's Bring Happiness House debuted to $13.4 million. The film is a spin-off of a popular Chinese cable TV show.
CZ12 landed in third with $8 million. Jackie Chan's latest is now up to $135.1 million
Lost in Thailand fell to fourth place with $4.9 million for a total of $196 million. It doesn't look as though the comedy will catch up to Avatar's $203.8 million haul.
The full top 10:
Data provided by EntGroup. For complete daily box office data, please subscribe to EntBase.