China Box Office Slows Down for the First Time in Over 5 Years: Reports
Charissa Echavez | | Jul 07, 2016 08:53 AM EDT |
(Photo : Getty Images) China box office has slowed down for the first time in more than five years.
Amid the surging growth of China's box office, it saw a 4.6 percent decline in the second quarter of 2016, with the first quarter gaining the lowest it had for years at 21 percent, according to local news outlets.
The plunge marks China box office's first year-on-year quarterly decline in over five years. In 2015, China experienced a whopping 50 percent increase in its first quarter, reaching 14.49 billion yuan (about $2.2 billion), far behind the 9.66 billion yuan ($1.4 billion) in 2014.
Like Us on Facebook
China, which is poised to become the largest movie market in the world soon, also raked in over $1 billion in February, beating North America for the second month ever.
However, between April and June this year, the momentum stopped with ticket sales plunging to $1.51 billion, down 4.6 percent from the $1.58 billion in 2015's second quarter, Ent Group, a box office monitor from Beijing, told The Hollywood Reporter.
The last time China saw a fall was the first quarter of 2011.
The first quarter of this year saw a positive trend thanks to the record-breaking hits released last February including Stephen Cow's The Mermaid with $528 million, The Monkey King 2 with $185.4 million, From Vegas to Macau 3 with $172.1 million, and Zootopia with $235.5 million.
In the other hand, the second quarter was dominated by Hollywood titles, including Warcraft with $220 million, Captain America: Civil War with $190.4 million, The Jungle Book with $150.1 million and X-Men: Apocalypse with $118.6 million.
Such figures are still dwarfed by the top Hollywood imports in Q2 last year with Furious 7 at $390.9 million, Avengers: Age of Ultron at $240.1 million, and Jurassic World with $228.7 million.
Meanwhile, an official report from the State Administration of Press Publication Radio, Film and Television is expected to be out soon.
TagsChina box office, Movies
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?