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China B.O. passes RMB20 billion in 2013

China B.O. passes RMB20 billion in 2013

By Kevin Ma

Tue, 10 December 2013, 14:00 PM (HKT)

Box Office News

Total box office revenue in China has exceeded RMB20 billion (US$3.29 billion) mark as of Sunday, according to official figures.

That already represents a year-on-year growth of 16% from last year's total revenue of RMB17 billion (US$2.8 billion). Box office revenue exceeded RMB10 billion (US$1.65 billion) for the first time just three years ago in 2010.

With a market share of approximately 55%, domestic films continue to dominate with RMB11 billion in total revenue. Journey to the West: Conquering the Demons 西游 降魔篇 (2013) is still the top grossing film of the year with RMB1.24 billion (US$204 million).

The exponential rise is largely attributed to the rapid rise in the number of cinema screens, currently at 17,000. The expansion has been especially fast in second and third-tier cities, attracting new audiences to cinemas.

However, at a China Film Association 中國電影家協會 conference last month, it was revealed that average attendance rate nationwide is only at 15%.

With blockbusters like action thriller Firestorm 風暴 (2013), Police Story 2013 警察故事2013 (2013) and FENG Xiaogang 馮小剛's Personal Tailor 私人訂製 (2013) (pictured) awaiting release this month, total revenue for 2013 is expected to exceed RMB22 billion (US$3.62 billion).

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