China's own movies are replacing Hollywood ones
The cumulative box office receipts for the Chinese box office rose by ten percent in 2018 compared to last year and reached 59 billion yuan (about $ 8.61 billion at current exchange rates). This is reported by The Hollywood Reporter building. It is noteworthy that growth was made possible thanks to its own cinematography, and not to the success of foreign-made movie projects. Thus, according to statistics, the profit from the distribution of Hollywood movies decreased by 16.5 percent, on the contrary, the profit from the distribution of Chinese movies increased by 21.6 percent from 30.1 to 36.6 billion yuan in 2018. The only Hollywood movie that managed to break into the top five national box office was the adaptation of the Marvel comics "Avengers 3: Infinity War" which raised more than $ 360 million in China. As one of the reasons for the retreat of Hollywood movie production, experts point to the growing fascination with American cinema with the so-called "racial and gender diversity of heroes", which is quite justified for the multicultural environment in North America, but does not resonate with Chinese society. This is one of the reasons why the movie "Wonder Woman", which grossed about $ 90 million, did not become a hit in China. At the same time, the fantastic action movie Meg: Monster of the Depth grossed an impressive $ 153 million in the Chinese box office. The Topic of Article: China's own movies are replacing Hollywood ones. |
