Disney’s “The Lion King” has pounced on the China market — a week ahead of its U.S.
release — with a $53.8 million three-day debut that gave it pride of place at the Chinese weekend box office.
But the win came against a field of competitors so dismal that the fourth top-performing title hasn’t even had its official premier yet, and amid a drop of nearly 5% in the country’s total year-to-date box office compared to last year.The downward slide in theatrical earnings is part of an increasingly sluggish overall economy, with official data revealing Monday that Chinese economic growth slowed to its weakest pace in nearly three decades in Q2.
Chinese Gdp expanded by just 6.2 %, down from 6.4% in Q1 and from 6.6% in 2018.“The Lion King” saw a China opening day of $13 million (RMB89.5 million) and $490,000 (RMB3.4 million) in midnight screenings, according to the Maoyan data app — exceeding the
Read full article