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China sees sizzling summer movie market
Author:sino    Source:Sino-report    Number of clicks :     Update time:2018-07-25 12:05
Several domestically-made movies have hit home runs in the Chinese box office since July.

SHANGHAI - Several domestically-made movies have hit home runs in the Chinese box office since July.

From July 1 to 18, the Chinese movie market recorded a daily average of 200 million yuan at the box office, according to China Movie Data Information Network.

Domestic movies like "Dying to Survive," "Animal World," and "Hidden Man" have all seen surges in their ticket sales this month.

A social drama based on a real event that aroused discussions over pharmaceutical costs, "Dying to Survive" has earned over 2.7 billion yuan (about $400 million) since hitting the screens on July 5, according to Maoyan, a major film database.

The movie defeated the Hollywood blockbuster "The Fate of the Furious," which earned 2.67 billion yuan in China in 2017, and clinched the No.5 spot in terms of box office revenue in the Chinese market, according to Maoyan.

Rated 9.7 out of 10 by viewers, "Dying to Survive" is predicted by Maoyan to exceed 3.3 billion yuan in box office sales.

The top five Chinese market's highest-grossing films in history are all domestic movies, with the champion "Wolf Warriors II" earning over 5.6 billion yuan, according to Maoyan.

"With a rising number of high-quality domestic films, the selling power of Hollywood movies in the Chinese market has weakened," said Liu Jia, an industry expert who participated in writing the 2018 Research Report on the Chinese Film Industry issued in June.

"Local blockbusters, having become a contender with their Hollywood counterparts, regained favor with audiences in 2017 with increased market competitiveness and quality," says the report.

China now possesses over 50,000 screens nationwide, and the number is projected to rise to 60,000 by 2020.

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