China has overtaken the US in yearly box office receipts for the first time in history. The US cinema industry has been rocked by the effects of the ongoing coronavirus pandemic. On Sunday (18 October), China reached a total of $1.988bn (£1.529bn) in box office takings for the year, surpassing the US total of $1.937bn (£1.490bn), according to … [Read more...]
Christie solutions illuminate natural cave in China
Christie® laser projection and content management solutions play a significant role in illuminating the interiors of a karst cave to deliver a spectacular multimedia show that accentuates the beauty of this natural cavern, located within the Taiji Cave scenic area in Xuancheng City, Anhui province. Titled “Hutian Fantasyland”, it is China’s … [Read more...]
China’s Film Industry to Benefit from New Support Policies, Tax Breaks
China’s film industry, like many sectors of the entertainment industry, suffered a catastrophic blow due to the COVID-19 outbreak and subsequent lockdowns since the end of January. Movie theatres around the world have had to close down as well when public health concerns became apparent in respective countries, causing global box office revenues … [Read more...]
Thousand of cinemas in China under threat of closure
More than 40% of cinemas in China could go bust, according to a bleak report by the China Film Association. Having been temporary closed during the virus pandemic, audiences may struggle to return, the association says. Millions of Chinese have enjoyed watching movies online during cinema closures thanks to a wide range of streaming … [Read more...]
China’s Wanda Film To Build More Cinemas Despite Heavy 2019 Losses, Coronavirus Impact
Undeterred by the current state of the industry, and despite posting a $668M profit loss for 2019, China’s Wanda Film is betting big on the local theatrical business. The division of Dalian Wanda Group said that it intends to spend about $431M raised in a non-public offering of A shares to build more Middle Kingdom movie theaters over the next two … [Read more...]
China’s Cinema Operators Lament As Top Government Body Pushes Prolonged Closures
China’s top administrative body has officially “recommended” that cinemas and other entertainment venues remain closed for the foreseeable future due to coronavirus concerns. That spells continued trouble for Chinese cinemas, even as other business sectors get back to work. Read … [Read more...]
