2/17/2024 0 Comments Chinese movie production companiesChina's box office earnings plunged 68.2% in 2020, as its film market was battered by the coronavirus. The film industry was one of the hardest hit sectors in the COVID-19 pandemic. Posters of the Chinese movies that led the box office worldwide in 2020Ĭhina emerges as world's biggest film market Recovery will be slow, even in China, according to Bremble.Which country has the world's largest film market? Which Chinese city spends most on movie tickets? Which Chinese city has the most theater visits? Who reshaped the business model of the film industry amid COVID-19? Which Chinese movies are top box office earners worldwide? In the following article, Cloud River Urban Research Institute will use the "Index of Chinese Cities' Theater Spending" based on its annual China Integrated City Index to answer these questions. Meanwhile, Hollywood is starting to book stages to begin shooting movies again as vaccination rates and lockdown rules relax in the U.S. The film is set to release worldwide on Netflix next month. “We did well, but we didn’t do as well as we hoped,” Bremble said. So far, the movie has pulled in more than $26 million from the Chinese box office. On its first week in theaters, “Wish Dragon” pulled in 36.1 million yuan ($5.6 million), according to the China film database firm Maoyan. Most of the suburban theaters, Beijing, Shanghai were shut,” Bremble said. “Unfortunately, COVID-19 cases in China peaked on January 14. The film was released in theaters in China Jan. (Courtesy Base Media)Įarlier this year, Base Media partnered with Sony Pictures and Chinese tech giant Tencent to release its first full-length animated film called “Wish Dragon.” It is an Aladdin-like tale except the story is set in modern Shanghai and instead of a genie trapped in a lamp granting wishes, it is a dragon trapped in a teapot from the Qing dynasty. “Wish Dragon” was released in China’s theaters just as COVID-19 cases peaked again. Still, Base Media has managed to stay afloat during this pandemic because of its animation business, which has made up for some of the work lost in its visual effects department when movie companies had to cut back on filming. He said gaming firms enticed visual effects professionals with double or triple their usual salaries.
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