Popular

China’s Box Office Expands to Reportedly The World’s Largest, Defying A Year Of Covid-19 Time Outs & Screen Blackouts

Share on facebook
Share on twitter
Share on linkedin
Share on email

Cinemas in China were closed for 178 days between January of 2020 and late July of the previous year as PRC authorities on the mainland took stringent measures to bring the Covid-19 pandemic under control.

Movie ticket sales in China stood at 20 billion yuan (US$3.06 billion) in 2020, much higher than the US $2.28 billion in box office receipts in the USA according to data from China’s Maoyan Entertainment  and Comscore group. Ticketing revenue in China plummeted 69 % from the all-time high of 64.27 billion yuan (US$9.8 billion) in 2019. And in the US, ticket sales sank 80 per cent from the second-best box office haul ever of US $11.4 billion in 2019.

China overtook the United States as the world’s biggest box office market for the first time in 2019 in spite of falling revenues resulting from closures.

People watch a movie at a cinema in Wanda Group's Oriental Movie Metropolis ahead of its opening, in Qingdao, Shandong province, China April 27, 2018.(Reuters file photo)

People watch a movie at a cinema in Wanda Group’s Oriental Movie Metropolis ahead of its opening, in Qingdao, Shandong province, China April 27, 2018.(Reuters file photo)

Thousands of China’s movie screens could be shut forever

In 2019, China added 9708 new screens adding to an estimated 69,787 screens in mainland China and its provinces. A joint survey conducted by the China Film Association (CFA), the China Film Distribution and Screening Association and leading cinema chains including Wanda, which acquired AMC theaters in 2012.

https://variety.com/2020/biz/asia/wanda-dismisses-amc-bankruptcy-rumors-1234580846/

With early infections being reported in January 23 of 2020 China and the USA took divergent paths in their reaction to reports that a virus had been detected in a live meat market in the central Chinese city of Wuhan. Where China instituted lockdowns that went into immediate effect to quell the spread the United States response was less clear cut. As physical proximity is by its very nature the quintessence of the theatrical experience China’s immediate proactive step to quell the possibility of a super spreader environment while bracing for a cliff hanger slide in ticket and concession revenue.

While China’s theaters were shuttered indefinitely back in the USA , Americans was celebrating The Miami Super Bowl and the passing of Kobe Bryant, R.I.P. oblivious of the long hard Covid road that lay ahead.

Original Post :  by Enoch Yiu – Published: 7:29pm, 1 Jan, 2021  revised and embellished,  Cristiane Roget , Sr. Correspondent, AdAvenueGroup- Forbes France.

Read More Super Bowl Miami-2020

Latest

Related Posts

Your Invitation to Submit Your 'Breaking News', 'Latest Business Development' or Desire to Buy or Sell a Business

Hello, Pacific Rim Chamber of Commerce Members,

We are inviting our Pacific Rim Chamber of Commerce Member team of correspondents to submit original news reports and media alerts.  We are confident this information will be useful, accurate and informative. We, also encourage you to re-post these news items on your online platforms.

PacRim CC is also launching a new service that will allow you to buy and sell your small business. This campaign will be launched on February 12, 2021 (02/12/21)

The articles published herein, have been edited and revised to fit our editorial guidelines.  That is,  to provide the Pacific Rim Chamber of Commerce Membership, (comprised of twenty four nations and representing over 400, 000 sole proprietors)  with the news that is compelling and serves to enhance the connectivity between people that are pursuing their dreams and making a  living doing so.

Articles appearing in this website are either original reportage or syndicated news that has been vetted by Mr. Holmes Stoner, Founder of the Pacific Rim Chamber of Commerce and the Pacific Rim Business Council.  The articles printed are arbitrated by Mr. Holmes Stoner. Mr. Stoner, a resident of Marina del Rey, California and an esteemed Ambassador-at-Large throughout the Pacific Rim’s twenty-four nations.

Best attempts are made to provide objective reporting that does not adhere or advance any political line, religious persuasion or advance any sovereign nation over another.   Our goal is to enhance and further a dialogue among peoples around the globe.

As a standing member of the Pacific Chamber of Commerce you and your associates and colleagues are invited to share with your fellow members stories of your achievements, developments in your business, insights on how to improve engagement with other businesses, clients and customers.

You may also use the Pacific Rim CC website as a platform to advance and circulate information that advances environmental conservation, cultural interchange and robust trade with participating members.

Submit your media alerts, press releases, stories, insights or news of your achievements in a Word form document.  Limit your submission to less than 400 words.  Also attach a jpeg photo or illustration and a headline.  Include your company logo or trade mark and submit a publishing fee of $25.USD.  Your article will be featured on the Pacific Rim Chamber of Commerce website within 48 hours after receipt and in some cases aggregated on AdAvenueGroup’s news and media outlets  and publish, proprietary websites and down line of 1.8 million editors, reporters, bloggers and influencers for an additional optional fee.

Email to press@pacrimcc.com.  Attention Cristiane Roget , Senior Editor PacRimcc.com, 310- 220-9118 EST

Purchase Submission  25.00$ – 

PACIFIC RIM CHAMBER OF COMMERCE