China’s Box Office Hit New Heights in 2019, as Hollywood’s Share Shrank

Hollywood films had a historically unsuccessful year at the China box office in 2019, data from Chinese authorities and online ticketing platform Maoyan show, although the country’s theatrical revenues rose to a new all-time high.American titles accounted for just two of the country’s top ten grossers last year, with “Avengers: Endgame” placing third and “Fast & Furious Presents: Hobbs & Shaw” placing tenth.

Meanwhile, nine out of China’s top ten highest grossing films of all time are now Chinese, four of which came out in 2019.

“Avengers: Endgame” is the only foreign title to remain on the list.Yet even without Hollywood, the Chinese market continued to grow.

Box office revenue rose 5.4% to a new record of $9.2 billion (RMB64.3 billion) in 2019 — albeit at a slower rate of growth than its 9% rise last year.Chinese animation “Ne Zha,” Chinese new year sci-fi blockbuster “The Wandering Earth,” and “Avengers” were

Read full article