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China's 2024 Box Office Sees 23% Drop Amid Economic Slump

share-iconThursday, January 02 comment-icon2 weeks ago 6 views
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China's 2024 Box Office Sees 23% Drop Amid Economic Slump

Credited from: CNN

  • China's box office receipts fell by 23% in 2024 to 42.5 billion yuan ($5.8 billion), marking a significant decline from previous years.
  • The decline represents a 34% drop compared to 2019, a peak year for the movie industry.
  • The top film, "Yolo," grossed 3.5 billion yuan ($474 million), with comedy still being the most popular genre.
  • Only 612 films were produced in 2024, a decrease from 792 in 2023, contributing to the revenue downturn.
  • To boost ticket sales, a subsidy program was launched, with plans for discounted tickets and promotional events.

For more details, visit the original article here.

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Gloria Terra

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