Source: China to surpass US to be top film market in two years
China is witnessing average annual growth of 30 per cent in its film market and is likely to become the world’s biggest film consumer in two years, according to a new report.
Based on a recent report by China’s media watchdog, domestic box office totals were 44.06billion yuan (S$9.38 billion) in 2015, a 48.7 per cent increase compared to 2014. With 30 per cent average growth, the box office in 2016 is expected to reach 60 billion yuan.
Meanwhile, box office in the US totaled $10.4 billion last year, a 5 per cent drop from the year before.