Cinema chain revenue surging H1

Wanda Cinema Line, China’s largest cinema chain, reported surging revenue in the first half of 2016, due to the country’s booming film market. The company raked in 5.72 billion yuan ($856 million) in the January-June period, up 64.12 percent year-on-year, according to a financial statement released onMonday. The majority of Wanda Cinema Line’s revenue came from the box office, which reached 4 billion yuan in H1, up 40.6 percent year-on-year, while non-box-office businesses such as games and advertising grewto reach about one-third of total revenue. billion) in 2015, down 38.3 percent from 46 trillion won tallied in 2014, according to StatisticsKorea. This was attributed to weak demand fromMiddle East countries, caused by cheaper oil. Orders from theMiddle East retreated from 23 trillion won in 2014 to 13 trillion won in 2015.