NEW DELHI: Even as India continues to produce the largest number of films, China has shown a major growth with total box office revenue for the first nine months of the year at RMB16.4 billion (US$2.7 billion), a year-on-year growth of 34.9 per cent.
With a market share of approximately 58 per cent, domestic films continue to rule the market with RMB9.56 billion (US$1.57 billion) in total revenue, a year-on-year growth of 93.8 per cent, according to China’s State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) in the third quarter box office statistics.
Five of the top ten grossing films of the first nine months of the year are domestic films that include Journey to the West: Conquering the Demons (RMB1.24 billion), So Young (RMB 715 million), American Dreams in China (RMB 538 million), Finding Mr. Right (RMB 518 million) and Tiny Times 1 (RMB 488 million).
Opening at the end of September, Young Detective Dee: Rise of the Sea Dragon has already surpassed American Dreams as the third top grossing domestic film of the year. By last week, it had taken RMB 583 million.
Several major releases set for December are expected to further lift domestic films:
Benny Chan’s The White Storm, Feng Xiaogang’s Personal Tailor, Alan Yuen’s Firestorm, and Ding Sheng’s Police Story 2013.
Foreign films made RMB 6.87 billion (US$1.13 billion) in total revenue, a year-on-year decline of 5.2 per cent. This represents somewhat of a recovery over the summer. In the first half of the year, foreign films were recorded as experiencing a year-on-year decline in box office revenue of 21.3 per cent.
The top five grossing foreign films of the first nine months of the years — three of which were in cinemas during the third quarter are: Iron Man 3 (RMB 751 million), Pacific Rim (RMB 694 million), Furious 6 (RMB 412 million), The Croods (RMB 394.8 million) and Man of Steel (RMB 394.6 million).