EntGroup, a Beijing-based data provider, recently released their annual report on the Chinese film industry. Key takeaways include:
- By 2013, 3D screens will account for 80% of all screens in China.
- The report projects that the number of IMAX screens will reach 150 in 2013
- A majority of Chinese moviegoers in 2012 were young people aged 25 to 35. 88.8% have received a college education or higher. Film genre is indicated to be the decisive factor for audiences to see a movie in a theater. Action, comedy, sci-fi, and romance rank as the top 4 film genres. Of all people surveyed, 72.2% watched movies on smartphones and tablets.
- More and more Chinese audiences are watching films online and on mobile devices. As of the end of 2012, the number of Chinese online film viewers reached 372 million, an increase of 14.3%. In addition, 100 million Chinese users stream content on mobile phones.
Revenues from licensing films to new media platforms in 2012 were $78.7 million, an increase of 55%, nearly reaching that of TV sales, which are currently the largest revenue stream outside of box office proceeds.
Chinese film producers Chun-Yi Yueh and Changyu Li pair with UK writers and producers to launch Wonder Years; will produce 5 films within the next 3 years. [Screen Daily]
Toronto Film Festival secures lineup, includes three first-time Asian directors. [Film Business Asia]
China's CCTV buys more BBC history content in response to increasing interest in documentaries. [Hollywood Reporter]
Pacific Rim has now grossed more in China than in North America. Guillermo del Toro's high concept tentpole has collected $103.1 million after 19 days in China. Pacific Rim had only grossed $86.4 million in North America over the same time-period, and it's total at home currently stands at $98.4 million after six weeks of release. China is keeping Pacific Rim relevant at the global box office, contributing the biggest numbers to its $384.4 million worldwide total.
Guillermo del Toro's sci-fi flickis such a big hit that it has overshadowed the highly anticipated release of Tiny Times 2, the sequel to the controversial blockbuster that hit screens earlier this summer. The Tiny Times sequel notched a $16.92 million take in its first full week of release, reaching an impressive $44.1 million total.
Fast & Furious 6 is still keeping itself relevant after a bountiful summer at the global box office. The latest entry in the Fast & Furious franchise added $2.75 million last week to take its Chinese cume to $65.89 million.
Next week's chart will have to account for the huge opening of the Jurassic Park 3D re-release in China. The reformatted edition of the Steven Spielberg modern classic took in $6.64 million in its opening day in China on Tuesday. That figure is the fourth highest opening day of the year for a U.S. release in the market, behind Iron Man 3 ($19.1M), Pacific Rim ($8.6M), and Fast 6 ($8.3M). Jurassic Park 3D posted a better opening day performance than Man of Steel ($6.2M) and The Hobbit ($5.6M). China has been a graceful home for 3D conversions of past hits, Titanic 3D opened to $11.2 million in 2010. Film Business Asia is reporting that the big opening comes from occupying one third of the market's screens, a factor that should equate to cuts in box office revenue across the board.
Top 10 Films in China. Week Culminating on August 19, 2013
Data Courtesy of EntGroup
Pacific Rim is a bigger film in China than in North America. The Guillermo del Toro tentpole hit the $100 million mark in China over the weekend while still lagging behind the nine-figure milestone in North America.
Pacific Rim grosed $14.6 million from 2,100 screens in China, a strong hold that only dips 25% from its previous frame. Pacific Rim is now the sixth highest MPA release of all time in China, overtaking Marvel's The Avengers and Kung Fu Panda 2. Pacific Rim is the highest grossing Warner Bros. release of all time in China.
Chinese Valentine's Day drastically raises ticket sales, sets new box office record. [Film Business Asia]
Steven Spielberg wants to work with Chinese director Zhang Yimou on an international film set in China. [Variety]
Chinese actor and pop star Wang Leehom signed by the CAA, starring in cyber-thriller alongside Chris Hemsworth. [Deadline]