China Box Office Overtakes North America in First Quarter of 2018

China’s theatrical box office overtook North America to become the biggest in the world in the first quarter of this year.Gross theatrical revenues in China amounted to RMB20.2 billion in the three months to March, according to data assembled by Variety from official and industry sources.

Using a conservative exchange rate of RMB6.30 to the Us dollar, that equates to $3.17 billion.

In comparison, North American theaters (comprising those in the U.S.

and Canada) enjoyed aggregate revenues of $2.89 billion in the same period, according to data tracking and consultancy service ComScore.Patriotic war action film “Operation Red Sea” was the top-scoring film in March, with close to $175 million (RMB1.1 billion) earned in the month.

Released at Chinese New Year in February, “Operation Red Sea” has a cumulative total in China of $574 million, according to Chinese data service Ent Group.

Disney’s “Black Panther” was second in March in

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