Domestic films surge in H1

3 July 2013 11 h 07 min Comments Off


(China daily, Jul 02, 2013) The box office revenue of domestic film s more than doubled year-on-year in the first half of the year, beating imported movie s for the first time in five years, according to a report by EntGroup Consulting, a Beijing -based entertainment industry consultancy.

In the first six months , 146 films were screened, and 117 of them were domestic.

As of June 23, movies had generated 10.3 billion yuan ($1.68 billion) in box office revenue, up 27 percent year-on-year. Domestic productions contributed 6.47 billion yuan, grabbing a market share of 63 percent.

Foreign movies’ ticket sales slumped 26.8 percent year-on-year to 3.8 billion yuan, the report said.

“Ever since the huge success of the low-budget comedy Lost in Thailand, which was released in December, Chinese viewers’ enthusiasm and expectations for domestic film productions have jumped,” said Huang Ting, industry analyst with EntGroup.

Of the 10 highest-grossing films in the market to date, four of the six domestic ones were screened during the first half, including Stephen Chow’s Journey to the West: Conquering the Demons and actress-turned-directo r Zhao Wei’s directorial debut To Our Youth That Is Fading Away.

The first movie raked in 1.24 billion yuan and the latter reeled in more than 700 million yuan.

“The quality improvement has been the most critical element in leading domestic films to surpass imported productions in terms of box office revenue,” said Huang Qunfei, general manager of Beijing New Film Association Co Ltd, one of China’s largest theater chains.

Domestic studios’ new system of structured production plans also makes their filmmaking process more scientific and the utilization of resources more rational, which is conducive for the quality improvement of their movies and their business performance, Huang Ting said.

Huayi Brothers Media Corp, one of the leading film corporations in the country, began releasing its new movie plan in 2011.

In mid-June this year, during the 16th Shanghai International Film Festival, the company announced that it will screen 15 films this year and next.

Bona Film Group, a Nasdaq-listed private film producer and distributor, also released its new movie plan for the second half of 2013 and next year during the festival, which involves 10 productions.

“Making plans for filmmaking instead of coming up with a single one on a sudden impulse demonstrates that China’s film companies are maturing and have a long-term vision in decision-making,” Huang Ting said.

“But I think the situation would be more positive for imported movies as July begins, which heralds the coming of the summer vacation – one of the busiest seasons for the film market in the year,” Huang Qunfei said.

The upcoming Hollywood blockbusters include Fast & Furious 6 and Pacific Rim.

“However, the big picture for the year has already been set,” he said, meaning that domestic productions will dominate the market this year.

Related posts:

Comments are closed

Other News

  • China (mainland) film Brilliant future expected for Chinese cinema: interview

    Brilliant future expected for Chinese cinema: interview

    Jiang Wen (R), a well-known Chinese director, walks down the red carpet with his wife Zhou Yun at the opening ceremony of the 70th Venice Film Festival in Venice, Italy, Aug 29, 2013. [Photo / Xinhua] (Xinhua, 04 Sep, 2013)Chinese films have achieved over the past few years very positive results in terms of both quantity and quality, and will drive their technology-led development, 70th Venice Film Festival president Alberto Barbera told Xinhua in a recent exclusive interview. This venerable [...]

    Read more →
  • Breaking news China (mainland) film Cloudary extends script to movie industry

    Cloudary extends script to movie industry

    (, 26 Aug, 2013) Cloudary Corp – an online literature platform owned by interactive media giant Shanda Group – said on Friday that it reached a film script agreement with the Chinese movie firm Seven Stars Films. Seven Stars Films, a movie production and investment firm owned by Chinese media entrepreneu r Bruno Wu, will link Cloudary’s literature with the world’s movie industry. Wu, who is married to popular TV host Yang Lan, founded Seven Star Films in 2012. The [...]

    Read more →
  • Breaking news China (mainland) film China’s movie market booms with local content

    China’s movie market booms with local content

    ( Agencies, 23 Aug, 2013) In “American Dreams in China”, Cheng Dongqing is giving a lecture in an abandoned factory in Beijing . Snow falls through the damaged roof and a power cut sends students reaching for their flashlights. The movie , about how young Chinese in the 1990s tried every means to learn English so they could study overseas, is part of a boom in domestic productions that is outpacing foreign film s at the box office in China. [...]

    Read more →
  • Breaking news China (mainland) film Fast forward with film

    Fast forward with film

    (China Daily, 23 Aug, 2013) In the past year, Chinese films have galloped ahead like a dark horse, beating Hollywood imports. It is hardly surprising that most of these domestic hits are comedies. Comedy is mostly local. When Hollywood sent scouts to recover the secret formula, many of them reported that these Chinese movies were not particularly funny. Of course not. When you translate every line into English, you have lost much of the fun, leaving only a few sight [...]

    Read more →
  • Breaking news China (mainland) Digital Mobile game firms looking abroad

    Mobile game firms looking abroad

    (China Daily, 21 Aug, 2013) Intensifying domestic competition is driving Chinese mobile game developers into overseas markets, said Google Inc, owner of the world’s most used smartphone operating system. Japan and South Korea may become “sizeable” money-spinners for developers in China in the coming years, it added. “Tapping into South Korea and Japan makes sense for Chinese developers, because both countries have a large smartphone user base and high sales volume in the mobile gaming sector,” said Ben Zhang, China [...]

    Read more →
  • Breaking news China (mainland) tv PPTV denies buyout rumors

    PPTV denies buyout rumors

    (, 14 Aug, 2013) Online video provider PPTV has denied rumors it will be jointly acquired by e-commerce giant Alibaba Group Holding Ltd and Hunan Satellite TV. “We have noticed related media reports. PPTV is operating independently, well, and we have nothing to announce at present,” PPTV told China Daily on Wednesday. A report from IT industry portal said on Wednesday that the prospective deal is almost closed, with the transaction reaching $400 million. It cited venture capital sources [...]

    Read more →
  • Breaking news China (mainland) film Film industry needs long tail to grow

    Film industry needs long tail to grow

    (China Daily, 15 Aug, 2013) The domestic film market registered record half-yearly box office returns of 10.9 billion yuan ($1.77 billion) in the first six months of this year, up 35 percent year-on-year, and there have been excited voices saying that the Chinese film industry is about to boom in the international market. However, box office success is just part of the industry’s chain, and without the further development of licensed movie merchandising, the Chinese film industry is still in [...]

    Read more →
  • Breaking news China (mainland) Digital New WeChat game becoming painfully popular

    New WeChat game becoming painfully popular

    (, 15 Aug, 2013) A new mobile phone game on WeChat, a social network app in China, is proving so popular that it’s causing hand injuries for many Chinese users. The game, which was recently introduced to WeChat’s 400 million subscribers, allows users to compete online with their friends in aircraft battles. Within two hours after the release of the game on Aug 5, there were more than 180 million downloads. But Zou Cheng, an orthopedic doctor at Hangzhou First [...]

    Read more →