Browsed by
Tag: Largest

China Box Office Poised to Surpass U.S. as World’s Largest Moviegoing Market Amid Pandemic

China Box Office Poised to Surpass U.S. as World’s Largest Moviegoing Market Amid Pandemic

China’s patriotic “My People, My Homeland” has grossed $325 million as of Monday evening local time, earning more money in less than two weeks than the $323 million that Christopher Nolan’s “Tenet” has grossed globally in over a month, according to data from Maoyan and Box Office Mojo.

This weekend, the total China box office hit $68 million, once again far surpassing sales in North America, where cinemas earned less than $9.5 million. To date, the Chinese box office has grossed $1.9 billion so far in 2020. The tally puts China now neck-and-neck with the North American market’s year-to-date earnings of $2.08 billion, according to Comscore. (Both markets are down 76% year-on-year.)

Cinema-going is on the rise in China as the pandemic remains under control, with strong local films set to release in the remainder of the year. Meanwhile, U.S. theaters are heading for trouble as Hollywood studio tentpoles drop off the calendar and the coronavirus continues to rage across the states. Given these factors, it now seems inevitable that the Middle Kingdom will soon surpass the U.S. as the world’s largest film market in 2020.

The performance of “My People, My Homeland” demonstrates the extent to which China’s market has recovered in the wake of COVID-19 and remains robust enough to send local tentpoles too jingoistic to entice audiences abroad nonetheless soaring to great heights.

Produced by “Wolf Warrior 2” and “The Wandering Earth” studio Beijing Culture, the film once again led the box office this weekend with sizable sales of $38.2 million, according to figures from consultancy Artisan Gateway. The omnibus title features five shorts from a who’s who of China’s most bankable directors: Ning Hao (“Crazy Alien”), Xu Zheng (“Lost in Russia”), Chen Sicheng (“Detective Chinatown 3”), Yan Fei and Peng Damo (“Hello Mr. Billionaire”), Deng Chao

Read the rest