Hol­i­day up­surge leads to box-of­fice records

China Daily (Canada) - - NEWS CAPSULE -

China’s box of­fice rev­enues jumped by 51 per­cent to a record 14.47 bil­lion yuan ($2.23 bil­lion) in the first quar­ter, thanks to a rise in au­di­ence num­bers dur­ing the New Year hol­i­day sea­son.

How­ever, de­spite be­ing de­lighted by the rise, many in­sid­ers have voiced con­cerns about ir­reg­u­lar­i­ties and pos­si­ble bub­bles in China’s movie in­dus­try, and have called for a more healthy and sus­tain­able devel­op­ment.

Data re­leased on Sun­day show that the week-long Spring Fes­ti­val hol­i­day, from Feb 7 to 13,gen­er­ated 3.6 bil­lion yuan in ticket rev­enues, while Fe­bru­ary en­joyed the quar­ter’s best re­turns with 6.9 bil­lion yuan, ac­cord­ing to China Na­tional Ra­dio.

Earn­ing 10.5 bil­lion yuan, Chi­nese films ac­counted for al­most three-quar­ters of the tak­ings in the coun­try’s box of­fices dur­ing the first quar­ter.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.